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REGISTERED NUMBER: 08039014 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

DH CONTRACTING ASSOCIATES LIMITED

DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DH CONTRACTING ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







Directors: Mr L Heathfield
Mr D Heathfield





Registered office: The Barn, Back Lane
Southwick
Fareham
Hampshire
PO17 6EG





Registered number: 08039014 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 12,900 12,900
Tangible assets 5 1,742,171 1,448,149
1,755,071 1,461,049

Current assets
Stocks 349,552 155,890
Debtors 6 131,030 196,674
Cash at bank 5 16,673
480,587 369,237
Creditors
Amounts falling due within one year 7 890,637 727,645
Net current liabilities (410,050 ) (358,408 )
Total assets less current liabilities 1,345,021 1,102,641

Creditors
Amounts falling due after more than one
year

8

(1,247,474

)

(1,023,993

)

Provisions for liabilities (3,796 ) (3,796 )
Net assets 93,751 74,852

Capital and reserves
Called up share capital 100 100
Retained earnings 93,651 74,752
93,751 74,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





Mr D Heathfield - Director


DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

DH Contracting Associates 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost and not provided
Computer equipment - 25% on cost

Stocks
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 stocks to their present location and condition.

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.


DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 12,900
NET BOOK VALUE
At 31 July 2023 12,900
At 31 July 2022 12,900

DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 377,238 1,389,516 9,646 1,776,400
Additions 127,438 900,135 1,911 1,029,484
Disposals - (679,605 ) - (679,605 )
At 31 July 2023 504,676 1,610,046 11,557 2,126,279
DEPRECIATION
At 1 August 2022 219,274 104,537 4,440 328,251
Charge for year 10,819 100,460 2,889 114,168
Eliminated on disposal - (58,311 ) - (58,311 )
At 31 July 2023 230,093 146,686 7,329 384,108
NET BOOK VALUE
At 31 July 2023 274,583 1,463,360 4,228 1,742,171
At 31 July 2022 157,964 1,284,979 5,206 1,448,149

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,136 69,350
Other debtors 76,894 127,324
131,030 196,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 103,995 37,647
Hire purchase contracts 163,383 136,708
Trade creditors 57,424 67,100
Taxation and social security 452,217 367,651
Other creditors 113,618 118,539
890,637 727,645

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 155,821 169,989
Hire purchase contracts 1,091,653 854,004
1,247,474 1,023,993

DH CONTRACTING ASSOCIATES LIMITED (REGISTERED NUMBER: 08039014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 36,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr D Heathfield
Balance outstanding at start of year 61,996 24,495
Amounts advanced 718,019 606,743
Amounts repaid (786,252 ) (569,242 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,237 ) 61,996

Interest has been charged on this loan at 2% per annum, using the averaging method.