Company Registration No. 8692250 (England and Wales)
G Hall Contracting Ltd
Unaudited accounts
for the year ended 30 September 2023
G Hall Contracting Ltd
Unaudited accounts
Contents
G Hall Contracting Ltd
Company Information
for the year ended 30 September 2023
Company Number
8692250 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
G Hall Contracting Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
36,599
44,225
Cash at bank and in hand
7,284
7,343
Creditors: amounts falling due within one year
(68,943)
(43,131)
Net current assets
18,571
3,515
Total assets less current liabilities
55,170
47,740
Creditors: amounts falling due after more than one year
(33,826)
(38,166)
Provisions for liabilities
Deferred tax
(6,954)
(7,151)
Called up share capital
1
1
Profit and loss account
14,389
2,422
Shareholders' funds
14,390
2,423
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
Graham Hall
Director
Company Registration No. 8692250
G Hall Contracting Ltd
Notes to the Accounts
for the year ended 30 September 2023
G Hall Contracting Ltd is a private company, limited by shares, registered in England and Wales, registration number 8692250. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
20% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
G Hall Contracting Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
34,103
65,009
3,693
102,805
At 30 September 2023
34,619
65,009
3,693
103,321
At 1 October 2022
18,522
37,132
2,926
58,580
Charge for the year
2,414
5,575
153
8,142
At 30 September 2023
20,936
42,707
3,079
66,722
At 30 September 2023
13,683
22,302
614
36,599
At 30 September 2022
15,581
27,877
767
44,225
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,127
4,710
Trade creditors
26,962
16,420
Taxes and social security
33,701
18,614
Other creditors
4,101
3,335
Loans from directors
52
52
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,040
16,166
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).