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REGISTERED NUMBER: 07022574 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Hough Construction UK Limited

Hough Construction UK Limited (Registered number: 07022574)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Hough Construction UK Limited (Registered number: 07022574)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,964 101,849

CURRENT ASSETS
Stocks 8,100 7,508
Debtors 5 95,814 161,954
Cash at bank 146,695 313,372
250,609 482,834
CREDITORS
Amounts falling due within one year 6 128,059 264,521
NET CURRENT ASSETS 122,550 218,313
TOTAL ASSETS LESS CURRENT LIABILITIES 220,514 320,162

PROVISIONS FOR LIABILITIES 24,491 19,351
NET ASSETS 196,023 300,811

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 195,923 300,711
SHAREHOLDERS' FUNDS 196,023 300,811

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

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

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





P P Hough - Director


Hough Construction UK Limited (Registered number: 07022574)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Hough Construction UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07022574

Registered office: Brooks Lane
Middlewich
Cheshire
CW10 0JH

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for work done in respect of construction contracts and is shown net of VAT and other related sales taxes. The fair value of consideration takes into account settlement discounts and rebates.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

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 - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Hough Construction UK Limited (Registered number: 07022574)

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

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 87,616 61,452 133,763 282,831
Additions 1,199 548 28,600 30,347
Disposals - - (16,500 ) (16,500 )
At 31 October 2023 88,815 62,000 145,863 296,678
DEPRECIATION
At 1 November 2022 53,225 51,633 76,124 180,982
Charge for year 5,338 3,420 20,253 29,011
Eliminated on disposal - - (11,279 ) (11,279 )
At 31 October 2023 58,563 55,053 85,098 198,714
NET BOOK VALUE
At 31 October 2023 30,252 6,947 60,765 97,964
At 31 October 2022 34,391 9,819 57,639 101,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,278 88,530
Other debtors 58,536 73,424
95,814 161,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,652 72,645
Taxation and social security 71,599 122,799
Other creditors 13,808 69,077
128,059 264,521