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REGISTERED NUMBER: SC231755 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Hanlon Builders Limited

Hanlon Builders Limited (Registered number: SC231755)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hanlon Builders Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Ms Rachel A Hanlon





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC231755 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Hanlon Builders Limited (Registered number: SC231755)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 56,000 70,000
Tangible assets 5 160,576 141,143
216,576 211,143

CURRENT ASSETS
Work in progress 206,500 447,100
Debtors 6 2,724,649 3,655,520
Cash at bank 1,950,895 208,414
4,882,044 4,311,034
CREDITORS
Amounts falling due within one year 7 595,416 830,392
NET CURRENT ASSETS 4,286,628 3,480,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,503,204

3,691,785

PROVISIONS FOR LIABILITIES 8 30,510 26,817
NET ASSETS 4,472,694 3,664,968

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 4,472,692 3,664,966
SHAREHOLDERS' FUNDS 4,472,694 3,664,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hanlon Builders Limited (Registered number: SC231755)

Balance Sheet - continued
30 September 2023


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

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

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





Ms Rachel A Hanlon - Director


Hanlon Builders Limited (Registered number: SC231755)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Hanlon Builders Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Hanlon Builders Limited (Registered number: SC231755)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

Hanlon Builders Limited (Registered number: SC231755)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 350,000
AMORTISATION
At 1 October 2022 280,000
Amortisation for year 14,000
At 30 September 2023 294,000
NET BOOK VALUE
At 30 September 2023 56,000
At 30 September 2022 70,000

5. TANGIBLE FIXED ASSETS
Fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 8,270 245,160 17,296 270,726
Additions - 121,297 848 122,145
Disposals - (86,689 ) - (86,689 )
At 30 September 2023 8,270 279,768 18,144 306,182
DEPRECIATION
At 1 October 2022 7,778 111,736 10,069 129,583
Charge for year 75 51,370 2,019 53,464
Eliminated on disposal - (37,441 ) - (37,441 )
At 30 September 2023 7,853 125,665 12,088 145,606
NET BOOK VALUE
At 30 September 2023 417 154,103 6,056 160,576
At 30 September 2022 492 133,424 7,227 141,143

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,406 1,741,950
Other debtors 2,632,243 1,913,570
2,724,649 3,655,520

Hanlon Builders Limited (Registered number: SC231755)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 129,085 96,479
Taxation and social security 243,553 633,665
Other creditors 222,778 100,248
595,416 830,392

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,510 26,817

Deferred
tax
£   
Balance at 1 October 2022 26,817
Provided during year 3,693
Balance at 30 September 2023 30,510

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 October 2022 3,664,966
Profit for the year 1,882,726
Dividends (1,075,000 )
At 30 September 2023 4,472,692