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REGISTERED NUMBER: 02093966 (England and Wales)



















HICKTON CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


HICKTON CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr P J Kirk
Mrs A M Kirk
Mr D M Rue
Mr S J Kirk



SECRETARY: Mr S J Kirk



REGISTERED OFFICE: Albert Court
Peasehill Road
Ripley
Derbyshire
DE5 3AQ



REGISTERED NUMBER: 02093966 (England and Wales)



ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ



BANKERS: National Westminster Bank plc
22 Nottingham Road
Ripley
Derbyshire
DE5 3DG

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,958 21,964

CURRENT ASSETS
Stocks 5 10,191 7,238
Debtors 6 1,251,186 1,521,201
Cash at bank and in hand 399,682 181,601
1,661,059 1,710,040
CREDITORS
Amounts falling due within one year 7 857,237 966,446
NET CURRENT ASSETS 803,822 743,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

839,780

765,558

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 837,780 763,558
SHAREHOLDERS' FUNDS 839,780 765,558

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

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

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Mr P J Kirk - Director


HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Hickton 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 (£).


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.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 15,660 34,819 35,100 678 86,257
Additions - 290 25,709 684 26,683
Disposals - - (23,505 ) - (23,505 )
At 31 January 2024 15,660 35,109 37,304 1,362 89,435
DEPRECIATION
At 1 February 2023 11,051 26,952 26,290 - 64,293
Charge for year 691 787 3,897 226 5,601
Eliminated on disposal - - (16,417 ) - (16,417 )
At 31 January 2024 11,742 27,739 13,770 226 53,477
NET BOOK VALUE
At 31 January 2024 3,918 7,370 23,534 1,136 35,958
At 31 January 2023 4,609 7,867 8,810 678 21,964

5. STOCKS
2024 2023
£    £   
Raw materials 5,963 5,586
Work-in-progress 4,228 1,652
10,191 7,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,215,020 1,451,563
Other debtors 2,092 5,608
Corporation tax - 48,938
VAT 34,074 13,389
Prepayments and accrued income - 1,703
1,251,186 1,521,201

HICKTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02093966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 50,895 68,320
Trade creditors 680,220 841,412
Corporation tax 53,277 18,275
Social security and other taxes 55,151 23,015
Other creditors 2,806 2,879
Directors' current accounts 57 133
Accruals and deferred income 14,831 12,412
857,237 966,446

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000

9. PENSION COMMITMENTS

The total contributions paid to defined contribution pension schemes in the year for employees amounted to £39,037 (2023: £42,756).

The contributions relating to directors amounted to £22,481 (2023: £24,975).