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REGISTERED NUMBER: 04327576 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DAN HERRICK CONSTRUCTION LIMITED

DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAN HERRICK CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: D F Herrick
D Parkin





SECRETARY: D F Herrick





REGISTERED OFFICE: Aizlewood's Mill
Nursery Street
Sheffield
South Yorkshire
S3 8GG





REGISTERED NUMBER: 04327576 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,961 245,760

CURRENT ASSETS
Debtors 5 145,521 365,866
Cash at bank 603 603
146,124 366,469
CREDITORS
Amounts falling due within one year 6 324,470 447,676
NET CURRENT LIABILITIES (178,346 ) (81,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(75,385

)

164,553

CREDITORS
Amounts falling due after more than one
year

7

58,181

74,375
NET (LIABILITIES)/ASSETS (133,566 ) 90,178

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (133,766 ) 89,978
SHAREHOLDERS' FUNDS (133,566 ) 90,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

BALANCE SHEET - continued
30 November 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 August 2024 and were signed on its behalf by:





D F Herrick - Director


DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Dan Herrick Construction 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.

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


Monetary amounts in these financial statements are rounded to the nearest £.

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.

The company has loaned money from a director in relation to ongoing costs . The director has indicated that he will continue to support the company until it is able to meet its debts as they fall due. The financial statements do not include any adjustments which may be necessary should the director withdraw this support

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.


DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 4 ) .

DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 343,908 5,527 169,480 3,907 522,822
Additions 56,000 - - - 56,000
Disposals (323,669 ) - (97,295 ) - (420,964 )
At 30 November 2023 76,239 5,527 72,185 3,907 157,858
DEPRECIATION
At 1 December 2022 193,650 3,917 75,599 3,896 277,062
Charge for year 6,838 153 14,668 - 21,659
Eliminated on disposal (181,731 ) - (62,093 ) - (243,824 )
At 30 November 2023 18,757 4,070 28,174 3,896 54,897
NET BOOK VALUE
At 30 November 2023 57,482 1,457 44,011 11 102,961
At 30 November 2022 150,258 1,610 93,881 11 245,760

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 183,000 101,380 284,380
Additions 56,000 - 56,000
Transfer to ownership (183,000 ) (101,380 ) (284,380 )
At 30 November 2023 56,000 - 56,000
DEPRECIATION
At 1 December 2022 72,018 18,748 90,766
Charge for year 5,600 14,668 20,268
Transfer to ownership (72,018 ) (33,416 ) (105,434 )
At 30 November 2023 5,600 - 5,600
NET BOOK VALUE
At 30 November 2023 50,400 - 50,400
At 30 November 2022 110,982 82,632 193,614

DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 12,298 210,528
Other debtors 133,223 155,338
145,521 365,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 30,010 26,031
Hire purchase contracts 13,736 44,189
Trade creditors 11,303 52,409
Taxation and social security 7,215 4,755
Other creditors 262,206 320,292
324,470 447,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 41,514 47,708
58,181 74,375

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdrafts 20,010 16,031
Hire purchase contracts 55,250 91,897
75,260 107,928

The bank overdraft is secured by a debenture over the assets of the company and a legal charge over land owned by a director.

The hire purchase agreements are secured by a charge over the asset leased.

DAN HERRICK CONSTRUCTION LIMITED (REGISTERED NUMBER: 04327576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

9. RELATED PARTY DISCLOSURES

Movements on the directors' current accounts with the company are as follows:

Mr D Herrick
20232022
£   £   
Amount due to director at 1 December299,448194,567
Loan to company13,933213,821
Repaid loan(55,071)(108,400)
Amount due to director at 30 November258,310299,448

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the D F Herrick who own 52% of the share capital.