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Registration number: 06887793

Holt Builders Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 June 2023

 

Holt Builders Limited

(Registration number: 06887793)
Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,657

1,600

Current assets

 

Debtors

5

516

410

Cash at bank and in hand

 

5,740

9,083

 

6,256

9,493

Creditors: Amounts falling due within one year

6

(57,931)

(53,513)

Net current liabilities

 

(51,675)

(44,020)

Net liabilities

 

(49,018)

(42,420)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(49,118)

(42,520)

Shareholders' deficit

 

(49,018)

(42,420)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 29 November 2023 and signed on its behalf by:
 

.........................................
Mr G M Holt
Director

 

Holt Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Holt Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

20% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Holt Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2022

1,653

11,485

13,138

Additions

1,562

-

1,562

At 30 June 2023

3,215

11,485

14,700

Depreciation

At 1 July 2022

684

10,854

11,538

Charge for the year

379

126

505

At 30 June 2023

1,063

10,980

12,043

Carrying amount

At 30 June 2023

2,152

505

2,657

At 30 June 2022

969

631

1,600

5

Debtors

2023
£

2022
£

Prepayments

516

410

516

410

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Taxation and social security

821

813

Accruals and deferred income

1,875

1,755

Other creditors

55,235

50,945

57,931

53,513

7

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors.