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REGISTERED NUMBER: 08143625 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Hirst Brothers Contractors Ltd

Hirst Brothers Contractors Ltd (Registered number: 08143625)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hirst Brothers Contractors Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T J Hirst
J E Hirst





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 08143625 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Hirst Brothers Contractors Ltd (Registered number: 08143625)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 837,342 728,764
837,342 728,764

CURRENT ASSETS
Stocks 49,547 -
Debtors 6 178,405 203,060
Cash at bank 2,453 219,268
230,405 422,328
CREDITORS
Amounts falling due within one year 7 133,475 216,737
NET CURRENT ASSETS 96,930 205,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,272

934,355

CREDITORS
Amounts falling due after more than one year 8 (192,420 ) (259,742 )

PROVISIONS FOR LIABILITIES (200,454 ) (134,005 )
NET ASSETS 541,398 540,608

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 541,396 540,606
SHAREHOLDERS' FUNDS 541,398 540,608

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hirst Brothers Contractors Ltd (Registered number: 08143625)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




T J Hirst - Director



J E Hirst - Director


Hirst Brothers Contractors Ltd (Registered number: 08143625)

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

1. STATUTORY INFORMATION

Hirst Brothers Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on straight line
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hirst Brothers Contractors Ltd (Registered number: 08143625)

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

2. ACCOUNTING POLICIES - continued

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.

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 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 20,000
AMORTISATION
At 1 August 2022
and 31 July 2023 20,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 35,822 928,266 158,735 2,087 1,124,910
Additions 15,425 147,228 91,578 1,065 255,296
Disposals - (36,915 ) - - (36,915 )
At 31 July 2023 51,247 1,038,579 250,313 3,152 1,343,291
DEPRECIATION
At 1 August 2022 12,348 305,087 77,690 1,021 396,146
Charge for year 3,371 110,192 25,141 370 139,074
Eliminated on disposal - (29,271 ) - - (29,271 )
At 31 July 2023 15,719 386,008 102,831 1,391 505,949
NET BOOK VALUE
At 31 July 2023 35,528 652,571 147,482 1,761 837,342
At 31 July 2022 23,474 623,179 81,045 1,066 728,764

Hirst Brothers Contractors Ltd (Registered number: 08143625)

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

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 41,707 144,376
Other debtors 30,698 58,684
72,405 203,060

Amounts falling due after more than one year:
Other debtors 106,000 -

Aggregate amounts 178,405 203,060

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 67,323 65,890
Trade creditors 8,248 12,840
Taxation and social security 9,008 30,111
Other creditors 48,896 107,896
133,475 216,737

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 192,420 259,742

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
2 Ordinary £1 2 2