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REGISTERED NUMBER: 11791067 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

FORD ASPHALTE (HULL) LIMITED

FORD ASPHALTE (HULL) LIMITED (REGISTERED NUMBER: 11791067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FORD ASPHALTE (HULL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: S R Copeman





REGISTERED OFFICE: 19 - 27 Lime Street
Hull
East Yorkshire
HU8 7AB





REGISTERED NUMBER: 11791067 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

FORD ASPHALTE (HULL) LIMITED (REGISTERED NUMBER: 11791067)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 120,760 130,126
120,760 130,126

CURRENT ASSETS
Stocks 813,945 961,893
Debtors 6 626,706 534,812
Cash at bank and in hand 122,977 169,245
1,563,628 1,665,950
CREDITORS
Amounts falling due within one year 7 877,238 1,047,669
NET CURRENT ASSETS 686,390 618,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,150

748,407

CREDITORS
Amounts falling due after more than one
year

8

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES 9 (29,580 ) (23,923 )
NET ASSETS 763,403 700,317

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 763,402 700,316
SHAREHOLDERS' FUNDS 763,403 700,317

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

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

FORD ASPHALTE (HULL) LIMITED (REGISTERED NUMBER: 11791067)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th July 2024 and were signed by:





S R Copeman - Director


FORD ASPHALTE (HULL) LIMITED (REGISTERED NUMBER: 11791067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Ford Asphalte (Hull) Limited 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 2019, is being amortised evenly over its estimated useful life of two 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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 Statement of Income and Retained Earnings, 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.

FORD ASPHALTE (HULL) LIMITED (REGISTERED NUMBER: 11791067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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 17 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 1,000
AMORTISATION
At 1st January 2023
and 31st December 2023 1,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 3,128 22,416 151,298 48,900 225,742
Additions - 3,202 3,951 12,500 19,653
Disposals - - - (3,400 ) (3,400 )
At 31st December 2023 3,128 25,618 155,249 58,000 241,995
DEPRECIATION
At 1st January 2023 - 6,480 60,774 28,362 95,616
Charge for year - 3,189 18,462 6,139 27,790
Eliminated on disposal - - - (2,171 ) (2,171 )
At 31st December 2023 - 9,669 79,236 32,330 121,235
NET BOOK VALUE
At 31st December 2023 3,128 15,949 76,013 25,670 120,760
At 31st December 2022 3,128 15,936 90,524 20,538 130,126

FORD ASPHALTE (HULL) LIMITED (REGISTERED NUMBER: 11791067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 413,951 439,270
Amounts owed by group undertakings 187,151 57,302
Other debtors 25,604 38,240
626,706 534,812

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 728,572 908,542
Amounts owed to group undertakings 4,167 18,415
Taxation and social security 126,004 102,652
Other creditors 8,495 8,060
877,238 1,047,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 29,580 23,923

Deferred
tax
£   
Balance at 1st January 2023 23,923
Accelerated capital allowances 5,657
Balance at 31st December 2023 29,580

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. PARENT UNDERTAKING

The parent undertaking of the group of undertakings of which the company is a member is L A Hall (Holdings) Limited (Company number: 11791483) registered in England and Wales.