2022-08-012023-07-312023-07-31false12762136HUBBARD CONSTRUCTION LTD2023-12-05iso4217:GBPxbrli:pure127621362022-08-01127621362023-07-31127621362022-08-012023-07-31127621362021-08-01127621362022-07-31127621362021-08-012022-07-3112762136bus:SmallEntities2022-08-012023-07-3112762136bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3112762136bus:FullAccounts2022-08-012023-07-3112762136bus:PrivateLimitedCompanyLtd2022-08-012023-07-3112762136core:WithinOneYear2023-07-3112762136core:AfterOneYear2023-07-3112762136core:WithinOneYear2022-07-3112762136core:AfterOneYear2022-07-3112762136core:ShareCapital2023-07-3112762136core:SharePremium2023-07-3112762136core:RevaluationReserve2023-07-3112762136core:OtherReservesSubtotal2023-07-3112762136core:RetainedEarningsAccumulatedLosses2023-07-3112762136core:ShareCapital2022-07-3112762136core:SharePremium2022-07-3112762136core:RevaluationReserve2022-07-3112762136core:OtherReservesSubtotal2022-07-3112762136core:RetainedEarningsAccumulatedLosses2022-07-3112762136core:LandBuildings2023-07-3112762136core:PlantMachinery2023-07-3112762136core:Vehicles2023-07-3112762136core:FurnitureFittings2023-07-3112762136core:OfficeEquipment2023-07-3112762136core:NetGoodwill2023-07-3112762136core:IntangibleAssetsOtherThanGoodwill2023-07-3112762136core:ListedExchangeTraded2023-07-3112762136core:UnlistedNon-exchangeTraded2023-07-3112762136core:LandBuildings2022-07-3112762136core:PlantMachinery2022-07-3112762136core:Vehicles2022-07-3112762136core:FurnitureFittings2022-07-3112762136core:OfficeEquipment2022-07-3112762136core:NetGoodwill2022-07-3112762136core:IntangibleAssetsOtherThanGoodwill2022-07-3112762136core:ListedExchangeTraded2022-07-3112762136core:UnlistedNon-exchangeTraded2022-07-3112762136core:LandBuildings2022-08-012023-07-3112762136core:PlantMachinery2022-08-012023-07-3112762136core:Vehicles2022-08-012023-07-3112762136core:FurnitureFittings2022-08-012023-07-3112762136core:OfficeEquipment2022-08-012023-07-3112762136core:NetGoodwill2022-08-012023-07-3112762136core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3112762136core:ListedExchangeTraded2022-08-012023-07-3112762136core:UnlistedNon-exchangeTraded2022-08-012023-07-3112762136core:MoreThanFiveYears2022-08-012023-07-3112762136core:Non-currentFinancialInstruments2023-07-3112762136core:Non-currentFinancialInstruments2022-07-3112762136dpl:CostSales2022-08-012023-07-3112762136dpl:DistributionCosts2022-08-012023-07-3112762136core:LandBuildings2022-08-012023-07-3112762136core:PlantMachinery2022-08-012023-07-3112762136core:Vehicles2022-08-012023-07-3112762136core:FurnitureFittings2022-08-012023-07-3112762136core:OfficeEquipment2022-08-012023-07-3112762136dpl:AdministrativeExpenses2022-08-012023-07-3112762136core:NetGoodwill2022-08-012023-07-3112762136core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3112762136dpl:GroupUndertakings2022-08-012023-07-3112762136dpl:ParticipatingInterests2022-08-012023-07-3112762136dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3112762136core:ListedExchangeTraded2022-08-012023-07-3112762136dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3112762136core:UnlistedNon-exchangeTraded2022-08-012023-07-3112762136dpl:CostSales2021-08-012022-07-3112762136dpl:DistributionCosts2021-08-012022-07-3112762136core:LandBuildings2021-08-012022-07-3112762136core:PlantMachinery2021-08-012022-07-3112762136core:Vehicles2021-08-012022-07-3112762136core:FurnitureFittings2021-08-012022-07-3112762136core:OfficeEquipment2021-08-012022-07-3112762136dpl:AdministrativeExpenses2021-08-012022-07-3112762136core:NetGoodwill2021-08-012022-07-3112762136core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3112762136dpl:GroupUndertakings2021-08-012022-07-3112762136dpl:ParticipatingInterests2021-08-012022-07-3112762136dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3112762136core:ListedExchangeTraded2021-08-012022-07-3112762136dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3112762136core:UnlistedNon-exchangeTraded2021-08-012022-07-3112762136core:NetGoodwill2023-07-3112762136core:IntangibleAssetsOtherThanGoodwill2023-07-3112762136core:LandBuildings2023-07-3112762136core:PlantMachinery2023-07-3112762136core:Vehicles2023-07-3112762136core:FurnitureFittings2023-07-3112762136core:OfficeEquipment2023-07-3112762136core:AfterOneYear2023-07-3112762136core:WithinOneYear2023-07-3112762136core:ListedExchangeTraded2023-07-3112762136core:UnlistedNon-exchangeTraded2023-07-3112762136core:ShareCapital2023-07-3112762136core:SharePremium2023-07-3112762136core:RevaluationReserve2023-07-3112762136core:OtherReservesSubtotal2023-07-3112762136core:RetainedEarningsAccumulatedLosses2023-07-3112762136core:NetGoodwill2022-07-3112762136core:IntangibleAssetsOtherThanGoodwill2022-07-3112762136core:LandBuildings2022-07-3112762136core:PlantMachinery2022-07-3112762136core:Vehicles2022-07-3112762136core:FurnitureFittings2022-07-3112762136core:OfficeEquipment2022-07-3112762136core:AfterOneYear2022-07-3112762136core:WithinOneYear2022-07-3112762136core:ListedExchange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HUBBARD CONSTRUCTION LTD

Registered Number
12762136
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

HUBBARD CONSTRUCTION LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

HUBBARD, Joseph Richard

Registered Address

21 Beech Close
Markfield
LE67 9RT

Registered Number

12762136 (England and Wales)
HUBBARD CONSTRUCTION LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets64,9007,350
Tangible assets722,55227,865
27,45235,215
Current assets
Debtors832,30637,054
Cash at bank and on hand30,7952,474
63,10139,528
Creditors amounts falling due within one year9(71,239)(44,825)
Net current assets (liabilities)(8,138)(5,297)
Total assets less current liabilities19,31429,918
Creditors amounts falling due after one year10(19,210)(19,800)
Net assets10410,118
Capital and reserves
Called up share capital11
Profit and loss account10310,117
Shareholders' funds10410,118
The financial statements were approved and authorised for issue by the Director on 5 December 2023, and are signed on its behalf by:
HUBBARD, Joseph Richard
Director
Registered Company No. 12762136
HUBBARD CONSTRUCTION LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Construction
4.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
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.
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year11
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 2212,25012,250
At 31 July 2312,25012,250
Amortisation and impairment
At 01 August 224,9004,900
Charge for year2,4502,450
At 31 July 237,3507,350
Net book value
At 31 July 234,9004,900
At 31 July 227,3507,350
7.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 August 221,58833,41034,998
Additions325-325
At 31 July 231,91333,41035,323
Depreciation and impairment
At 01 August 224516,6827,133
Charge for year2925,3465,638
At 31 July 2374312,02812,771
Net book value
At 31 July 231,17021,38222,552
At 31 July 221,13726,72827,865
8.Debtors

2023

2022

££
Trade debtors / trade receivables3,3709,834
Other debtors28,93627,220
Total32,30637,054
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.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables51,01837,244
Taxation and social security18,5004,862
Other creditors1,0002,000
Accrued liabilities and deferred income721719
Total71,23944,825
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.
10.Creditors after one year

2023

2022

££
Other creditors19,21019,800
Total19,21019,800