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REGISTERED NUMBER: 13318732 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

H G CONSTRUCTION MANAGEMENT LIMITED

H G CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13318732)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H G CONSTRUCTION MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: H G Greaves





REGISTERED OFFICE: The Bungalow
Engollan
St.Eval
WADEBRIDGE
Cornwall
PL27 7UL





REGISTERED NUMBER: 13318732 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

H G CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13318732)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,384 32,874

CURRENT ASSETS
Debtors 5 6,964 10,918
Cash at bank 477 5
7,441 10,923
CREDITORS
Amounts falling due within one year 6 (13,022 ) (20,626 )
NET CURRENT LIABILITIES (5,581 ) (9,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,803

23,171

CREDITORS
Amounts falling due after more than one
year

7

(11,123

)

(10,940

)

PROVISIONS FOR LIABILITIES (3,623 ) (3,517 )
NET ASSETS 13,057 8,714

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,957 8,614
SHAREHOLDERS' FUNDS 13,057 8,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

H G CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13318732)

BALANCE SHEET - continued
30 APRIL 2024


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 director and authorised for issue on 8 October 2024 and were signed by:





H G Greaves - Director


H G CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13318732)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

H G Construction Management 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
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

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 etc - 25% on cost and 20% 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.

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.

Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have considered the company's current financial position, including its net current liabilities, and have taken into account all available information about the future, including the company's business plans and cash flow forecasts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

H G CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13318732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 41,339
Additions 7,766
At 30 April 2024 49,105
DEPRECIATION
At 1 May 2023 8,465
Charge for year 7,256
At 30 April 2024 15,721
NET BOOK VALUE
At 30 April 2024 33,384
At 30 April 2023 32,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,587 6,240
Amounts recoverable on contracts - 4,080
Other debtors 377 598
6,964 10,918

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,377 4,701
Trade creditors - 151
Taxation and social security 2,617 1,724
Other creditors 2,028 14,050
13,022 20,626

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,123 10,940

H G CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13318732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,500 15,641

Mr H Greaves, a director of the company, has provided a personal guarantee in respect of the bank loan. The guarantee covers the full amount of the loan, including principal and interest, and is valid until the loan is fully repaid.

9. ULTIMATE CONTROLLING PARTY

The controlling party is H G Greaves.