1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09126875 2022-08-01 2023-07-31 09126875 2023-07-31 09126875 2022-07-31 09126875 2021-08-01 2022-07-31 09126875 2022-07-31 09126875 2021-07-31 09126875 core:MotorVehicles 2022-08-01 2023-07-31 09126875 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 09126875 bus:Director1 2022-08-01 2023-07-31 09126875 core:WithinOneYear 2023-07-31 09126875 core:WithinOneYear 2022-07-31 09126875 core:ShareCapital 2023-07-31 09126875 core:ShareCapital 2022-07-31 09126875 core:RetainedEarningsAccumulatedLosses 2023-07-31 09126875 core:RetainedEarningsAccumulatedLosses 2022-07-31 09126875 bus:SmallEntities 2022-08-01 2023-07-31 09126875 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09126875 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09126875 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09126875 bus:AbridgedAccounts 2022-08-01 2023-07-31 09126875 core:ComputerEquipment 2022-08-01 2023-07-31
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of Holsul Contracting Services Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 09126875
HOLSUL CONTRACTING SERVICES LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 July 2023
HOLSUL CONTRACTING SERVICES LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF HOLSUL CONTRACTING SERVICES LIMITED
YEAR ENDED 31 JULY 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Holsul Contracting Services Limited for the year ended 31 July 2023, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
16 February 2024
HOLSUL CONTRACTING SERVICES LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
31 July 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
10,755
14,340
Current assets
Debtors
4,893
1,760
Cash at bank and in hand
2,253
10
------------
------------
7,146
1,770
Creditors: amounts falling due within one year
17,242
19,234
------------
------------
Net current liabilities
10,096
17,464
------------
------------
Total assets less current liabilities
659
( 3,124)
------------
------------
Net assets/(liabilities)
659
( 3,124)
------------
------------
Capital and reserves
Called up share capital
10
10
Profit and loss account
649
( 3,134)
------------
------------
Shareholders funds/(deficit)
659
( 3,124)
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
HOLSUL CONTRACTING SERVICES LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
31 July 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
S J Casement
Director
Company registration number: 09126875
HOLSUL CONTRACTING SERVICES LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents the realisable value of work undertaken during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
£
Cost
At 1 August 2022 and 31 July 2023
22,628
------------
Depreciation
At 1 August 2022
8,288
Charge for the year
3,585
------------
At 31 July 2023
11,873
------------
Carrying amount
At 31 July 2023
10,755
------------
At 31 July 2022
14,340
------------
6. Related party transactions
Included in creditors due within one year is an amount due to the director of £15,463 (2022: £16,873).
7. Controlling party
The company was under the control of S J Casement throughout the current and previous year. S J Casement is the managing director and sole shareholder.