Company registration number 10853463 (England and Wales)
HUGESENSE CONSTRUCTION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HUGESENSE CONSTRUCTION LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HUGESENSE CONSTRUCTION LTD (REGISTERED NUMBER: 10853463)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,191
17,316
Current assets
Debtors
4
6
22,252
Cash at bank and in hand
28,624
10,486
28,630
32,738
Creditors: amounts falling due within one year
5
(1,131)
(4,653)
Net current assets
27,499
28,085
Total assets less current liabilities
39,690
45,401
Creditors: amounts falling due after more than one year
6
(152,777)
(127,777)
Net liabilities
(113,087)
(82,376)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(113,088)
(82,377)
Total equity
(113,087)
(82,376)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
HUGESENSE CONSTRUCTION LTD (REGISTERED NUMBER: 10853463)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 October 2023 and are signed on its behalf by:
Mr M Edge
Director
HUGESENSE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
Hugesense Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% Straight line basis
Fixtures and fittings
15% Straight line basis
Motor vehicles
20% Straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
HUGESENSE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022
12,300
3,035
16,500
31,835
Additions
561
561
At 31 March 2023
12,300
3,596
16,500
32,396
Depreciation and impairment
At 1 April 2022
4,459
1,052
9,008
14,519
Depreciation charged in the year
1,845
541
3,300
5,686
At 31 March 2023
6,304
1,593
12,308
20,205
Carrying amount
At 31 March 2023
5,996
2,003
4,192
12,191
At 31 March 2022
7,841
1,983
7,492
17,316
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
22,252
Other debtors
6
6
22,252
HUGESENSE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
839
Taxation and social security
2,684
Other creditors
1,131
1,130
1,131
4,653
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings
152,777
127,777