Registered number
01024518
HAMPDEN CONSTRUCTION LIMITED
Filleted Accounts
31 March 2023
HAMPDEN CONSTRUCTION LIMITED
Registered number: 01024518
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,575,172 1,600,338
1,575,172 1,600,338
Current assets
Stocks 742,960 813,468
Debtors 4 31,418 26,977
Cash at bank and in hand - 26,367
774,378 866,812
Creditors: amounts falling due within one year 5 (834,804) (1,030,162)
Net current liabilities (60,426) (163,350)
Total assets less current liabilities 1,514,746 1,436,988
Creditors: amounts falling due after more than one year 6 (1,321,141) (1,247,790)
Provisions for liabilities (42,337) (45,002)
Net assets 151,268 144,196
Capital and reserves
Called up share capital 100 100
Profit and loss account 151,168 144,096
Shareholders' funds 151,268 144,196
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Andrew Loughrey
Director
Approved by the board on 28 September 2023
HAMPDEN CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% Reducing Balance
Motor vehicles 10% Reducing Balance
Office equipment 10% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Office Equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 April 2022 1,348,672 569,153 15,455 13,500 1,946,780
Additions - - - - -
At 31 March 2023 1,348,672 569,153 15,455 13,500 1,946,780
Depreciation
At 1 April 2022 - 333,081 10,956 2,405 346,442
Charge for the year - 23,607 450 1,109 25,166
At 31 March 2023 - 356,688 11,406 3,514 371,608
Net book value
At 31 March 2023 1,348,672 212,465 4,049 9,986 1,575,172
At 31 March 2022 1,348,672 236,072 4,499 11,095 1,600,338
4 Debtors 2023 2022
£ £
Other debtors 31,418 26,977
31,418 26,977
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 16,544 -
Trade creditors 767,784 1,007,438
Taxation and social security costs 42,792 18,564
Other creditors 7,684 4,160
834,804 1,030,162
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 206,355 242,567
Other creditors 1,114,786 1,005,223
1,321,141 1,247,790
7 Other information
HAMPDEN CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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