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REGISTERED NUMBER: 03438468 (England and Wales)
























Hinton Groundworks Ltd

Financial Statements for the Year Ended 31st December 2023






Hinton Groundworks Ltd (Registered number: 03438468)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Hinton Groundworks Ltd

Company Information
for the Year Ended 31st December 2023







Director: O Donaghue





Registered office: 2 Giffard Court
Millbrook Close
St James Mill Industrial Estate
Northampton
NN5 5JF





Registered number: 03438468 (England and Wales)





Accountants: A.J. Lewis
Chartered Accountant
Lewis & Son Accountants Limited
37 Stoke Road
Blisworth
Northampton
NN7 3BZ

Hinton Groundworks Ltd (Registered number: 03438468)

Abridged Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 3 53,372 46,747

Current assets
Debtors 208,618 156,350
Cash at bank 191,398 253,859
400,016 410,209
Creditors
Amounts falling due within one year 153,445 97,945
Net current assets 246,571 312,264
Total assets less current liabilities 299,943 359,011

Provisions for liabilities 13,791 8,882
Net assets 286,152 350,129

Capital and reserves
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 286,052 350,029
286,152 350,129

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Hinton Groundworks Ltd (Registered number: 03438468)

Abridged Balance Sheet - continued
31st December 2023


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 Balance sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th April 2024 and were signed by:





O Donaghue - Director


Hinton Groundworks Ltd (Registered number: 03438468)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. 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.

Revenue recognition
The company recognises revenue to the extent that it obtains the right to consideration in exchange for its performance under contract. The right to consideration arises when some, but not necessarily all, of the contractual obligations have been fulfilled.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Hinton Groundworks Ltd (Registered number: 03438468)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


1. Accounting policies - continued

Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligations outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Amounts to be billed to customers
Construction services provided to customers which at the balance sheet date have not been billed to customers, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the building services provided at the balance sheet date as a proportion of the total value of the contract. Provision is made against unbilled amounts on those contracts where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

2. Employees and directors

The average number of employees during the year was 10 (2022 - 10 ) .

Hinton Groundworks Ltd (Registered number: 03438468)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


3. Tangible fixed assets
Totals
£   
Cost
At 1st January 2023 227,715
Additions 21,500
Disposals (90,306 )
At 31st December 2023 158,909
Depreciation
At 1st January 2023 180,968
Charge for year 11,849
Eliminated on disposal (87,280 )
At 31st December 2023 105,537
Net book value
At 31st December 2023 53,372
At 31st December 2022 46,747

4. Director's advances, credits and guarantees

During the year the directors were granted a short-term loan. Indebtedness on the loan was as follows:-





Liability at
1st January
2023
Maximum
liability
during the
year
Liability at
31st
December
2023

O. Donaghue£18,931£24,441£27,779