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REGISTERED NUMBER: 11965844 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

HUXLEY CONSTRUCTION LIMITED

HUXLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11965844)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HUXLEY CONSTRUCTION LIMITED

COMPANY INFORMATION
for the year ended 31 October 2022







DIRECTOR: Mr H B Salman





REGISTERED OFFICE: 95 Mortimer Street
Marylebone
London
W1W 7GB





REGISTERED NUMBER: 11965844 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

HUXLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11965844)

ABRIDGED BALANCE SHEET
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,179 5,398

CURRENT ASSETS
Stocks - 56,998
Debtors 262,620 283,440
Cash at bank 17,299 9,997
279,919 350,435
CREDITORS
Amounts falling due within one year 380,705 468,643
NET CURRENT LIABILITIES (100,786 ) (118,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,607

)

(112,810

)

CREDITORS
Amounts falling due after more than one
year

38,608

40,000
NET LIABILITIES (135,215 ) (152,810 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (135,225 ) (152,820 )
(135,215 ) (152,810 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HUXLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11965844)

ABRIDGED BALANCE SHEET - continued
31 October 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





Mr H B Salman - Director


HUXLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11965844)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2022

1. STATUTORY INFORMATION

Huxley Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Revenue is recognised once the entity has transferred to the buyer the significant risks and rewards of ownership of the goods and the entity no longer retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold.

Turnover comprises, revenue from contracts in relation to property construction. Where the outcome of a construction contract can be estimated reliably, contract revenue and contract costs associated with the construction contract is recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period.

When the outcome of a construction contract cannot be estimated reliably, revenue is recognised only to the extent of contract costs incurred that it is probable will be recoverable; and contract costs are recognised as an expense in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue on a construction contract, the expected loss shall be recognised as an expense immediately, with a corresponding provision for an onerous contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Work in progress
Work in progress relates to costs incurred in respect of contracted work. The entity will recognise costs against revenue by reference to the stage of completion of the contract activity at the end of the reporting period to which the revenue relates, otherwise such costs will be included within work in progress. Work in progress is recognised at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HUXLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 11965844)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021
and 31 October 2022 7,347
DEPRECIATION
At 1 November 2021 1,949
Charge for year 1,219
At 31 October 2022 3,168
NET BOOK VALUE
At 31 October 2022 4,179
At 31 October 2021 5,398

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £4,129 (2021: £93,335) by Ringo Ilford Limited, £13,500 (2021: £49,440) by Zarwah Scarbrook Limited and £132,847 (2021: £31,617) by Huxley Estates Limited. The majority shareholder of Huxley Construction Limited has control inHuxley Estates Limited, and joint control in Ringo Ilford Limited and Zarwah Scarbrook Limited.

Also at the balance sheet date, the company owed £42,705 (2021: £18,370) to CB Goodmayes Limited, a company in which the majority shareholder of Huxley Construction Limited has joint control.