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REGISTERED NUMBER: 03538942 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Adam Hodgkinson Plastering Limited

Adam Hodgkinson Plastering Limited (Registered number: 03538942)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adam Hodgkinson Plastering Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr A Hodgkinson
Mrs S Hodgkinson





SECRETARY: Mrs S Hodgkinson





REGISTERED OFFICE: Unit E16, Langham Park
Lows Lane
Stanton-By-Dale
Derbyshire
DE7 4QU





REGISTERED NUMBER: 03538942 (England and Wales)

Adam Hodgkinson Plastering Limited (Registered number: 03538942)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 126,925 144,606
126,925 144,606

CURRENT ASSETS
Stocks 115,500 170,500
Debtors 6 167,935 251,281
Cash at bank 825,000 641,827
1,108,435 1,063,608
CREDITORS
Amounts falling due within one year 7 153,669 195,519
NET CURRENT ASSETS 954,766 868,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,081,691

1,012,695

CREDITORS
Amounts falling due after more than one
year

8

(14,715

)

(18,957

)

PROVISIONS FOR LIABILITIES 9 (3,695 ) (6,114 )
NET ASSETS 1,063,281 987,624

CAPITAL AND RESERVES
Called up share capital 10 350 350
Retained earnings 1,062,931 987,274
SHAREHOLDERS' FUNDS 1,063,281 987,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Adam Hodgkinson Plastering Limited (Registered number: 03538942)

Balance Sheet - continued
31st March 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 Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:





Mr A Hodgkinson - Director


Adam Hodgkinson Plastering Limited (Registered number: 03538942)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Adam Hodgkinson Plastering 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 1998, is being amortised evenly over its estimated useful life of ten 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 - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Adam Hodgkinson Plastering Limited (Registered number: 03538942)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

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.

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 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 10,155
AMORTISATION
At 1st April 2023
and 31st March 2024 10,155
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 90,740 13,094 118,373 8,749 230,956
DEPRECIATION
At 1st April 2023 14,400 12,558 52,813 6,579 86,350
Charge for year 900 106 16,240 435 17,681
At 31st March 2024 15,300 12,664 69,053 7,014 104,031
NET BOOK VALUE
At 31st March 2024 75,440 430 49,320 1,735 126,925
At 31st March 2023 76,340 536 65,560 2,170 144,606

Adam Hodgkinson Plastering Limited (Registered number: 03538942)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 145,043 216,154
Other debtors 22,892 35,127
167,935 251,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,242 4,242
Trade creditors 58,502 124,077
Taxation and social security 78,061 51,728
Other creditors 12,864 15,472
153,669 195,519

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 14,715 18,957

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,695 6,114

Deferred
tax
£   
Balance at 1st April 2023 6,114
Utilised during year (2,419 )
Balance at 31st March 2024 3,695

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
150 Non-voting D £1 150 150
350 350