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REGISTERED NUMBER: 06504512 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Henderson Building Contractors Limited

Henderson Building Contractors Limited (Registered number: 06504512)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Henderson Building Contractors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P S Henderson
D Henderson





SECRETARY: D Henderson





REGISTERED OFFICE: Unit 14
Atley Business Park
North Nelson Industrial Estate
Cramlington
Northumberland
NE23 1WP





REGISTERED NUMBER: 06504512 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Henderson Building Contractors Limited (Registered number: 06504512)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,000 17,500
Tangible assets 5 154,509 115,880
168,509 133,380

CURRENT ASSETS
Debtors 6 245,783 199,806
Cash at bank and in hand 169 40,645
245,952 240,451
CREDITORS
Amounts falling due within one year 7 295,393 280,037
NET CURRENT LIABILITIES (49,441 ) (39,586 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,068

93,794

CREDITORS
Amounts falling due after more than one
year

8

(13,144

)

(31,429

)

PROVISIONS FOR LIABILITIES 10 (14,911 ) (5,247 )
NET ASSETS 91,013 57,118

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 90,013 56,118
SHAREHOLDERS' FUNDS 91,013 57,118

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

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

Henderson Building Contractors Limited (Registered number: 06504512)

Balance Sheet - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





D Henderson - Director


Henderson Building Contractors Limited (Registered number: 06504512)

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

1. STATUTORY INFORMATION

Henderson Building Contractors 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.

There were no material departures from the standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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

Income recognition
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred mainly in relation to contractual hourly staff rates and materials, as a proportion of total cost., Where the outcome can not be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Henderson Building Contractors Limited (Registered number: 06504512)

Notes to the Financial Statements - continued
for the Year Ended 31 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.

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 70,000
AMORTISATION
At 1 April 2023 52,500
Amortisation for year 3,500
At 31 March 2024 56,000
NET BOOK VALUE
At 31 March 2024 14,000
At 31 March 2023 17,500

Henderson Building Contractors Limited (Registered number: 06504512)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 125,966 5,780 4,479
Additions - 866 119
Disposals - - -
At 31 March 2024 125,966 6,646 4,598
DEPRECIATION
At 1 April 2023 34,165 1,367 3,528
Charge for year 2,520 754 158
Eliminated on disposal - - -
At 31 March 2024 36,685 2,121 3,686
NET BOOK VALUE
At 31 March 2024 89,281 4,525 912
At 31 March 2023 91,801 4,413 951

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 55,882 6,880 198,987
Additions 110,044 1,369 112,398
Disposals (84,553 ) - (84,553 )
At 31 March 2024 81,373 8,249 226,832
DEPRECIATION
At 1 April 2023 40,287 3,760 83,107
Charge for year 9,360 519 13,311
Eliminated on disposal (24,095 ) - (24,095 )
At 31 March 2024 25,552 4,279 72,323
NET BOOK VALUE
At 31 March 2024 55,821 3,970 154,509
At 31 March 2023 15,595 3,120 115,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234,154 185,425
Other debtors - 1,129
Prepayments and accrued income 11,629 13,252
245,783 199,806

Henderson Building Contractors Limited (Registered number: 06504512)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,888 22,066
Trade creditors 67,874 99,433
Taxation and social security 83,900 89,259
Other creditors 29,068 1,988
Directors' current accounts 44,549 24,244
Accruals and deferred income 41,114 43,047
295,393 280,037

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,439 19,196
Bank loans - 2-5 years 2,705 12,233
13,144 31,429

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 21,106

One loan is secured by a legal mortgage over the leasehold property known as unit 14 Atley Way. This loan has been repaid during the year

The other loan is secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery. This loan has been repaid during the year.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 14,911 5,247

Deferred
tax
£   
Balance at 1 April 2023 5,247
Accelerated capital allowances 9,664
Balance at 31 March 2024 14,911

Henderson Building Contractors Limited (Registered number: 06504512)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.


2024 2023
£ £

Amounts due to directors 44,550 24,244
No interest has been charged.