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REGISTERED NUMBER: 06868683 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HIRA CONSTRUCTION D&B LTD

HIRA CONSTRUCTION D&B LTD (REGISTERED NUMBER: 06868683)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HIRA CONSTRUCTION D&B LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P H Govind
Mr N H Govind
Mr H L Govind
Mrs R Govind
Mrs J Govind
Mrs N H Govind





SECRETARY: Mr P H Govind





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 06868683 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HIRA CONSTRUCTION D&B LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hira Construction D&B Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hira Construction D&B Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hira Construction D&B Ltd and state those matters that we have agreed to state to the Board of Directors of Hira Construction D&B Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hira Construction D&B Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hira Construction D&B Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hira Construction D&B Ltd. You consider that Hira Construction D&B Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hira Construction D&B Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


22 October 2024

HIRA CONSTRUCTION D&B LTD (REGISTERED NUMBER: 06868683)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 109,856 152,085
109,857 152,086

CURRENT ASSETS
Inventories 66,562 66,875
Debtors 6 958,287 1,675,381
Cash at bank and in hand 471,307 119,048
1,496,156 1,861,304
CREDITORS
Amounts falling due within one year 7 704,654 1,220,960
NET CURRENT ASSETS 791,502 640,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,359

792,430

CREDITORS
Amounts falling due after more than one year 8 (69,154 ) (85,410 )

PROVISIONS FOR LIABILITIES (23,786 ) (24,289 )
NET ASSETS 808,419 682,731

HIRA CONSTRUCTION D&B LTD (REGISTERED NUMBER: 06868683)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20,100 20,100
Retained earnings 788,319 662,631
SHAREHOLDERS' FUNDS 808,419 682,731

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.

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 22 October 2024 and were signed on its behalf by:





Mr P H Govind - Director


HIRA CONSTRUCTION D&B LTD (REGISTERED NUMBER: 06868683)

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


1. STATUTORY INFORMATION

Hira Construction D&B Ltd 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 represents net sale of goods and services provided, excluding any Value Added Tax and it is
recognised when the company has a right to consideration.

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 two years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Inventories
Inventories are valued at the lower of cost and selling price less cost to sell, after making due allowance for obsolete and slow moving items.

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.

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.

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.

HIRA CONSTRUCTION D&B LTD (REGISTERED NUMBER: 06868683)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 500
AMORTISATION
At 1 April 2023
and 31 March 2024 499
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 60,128 12,269 158,011 40,001 270,409
Disposals - - (32,083 ) - (32,083 )
At 31 March 2024 60,128 12,269 125,928 40,001 238,326
DEPRECIATION
At 1 April 2023 26,557 7,608 48,169 35,990 118,324
Charge for year 6,012 933 25,187 1,003 33,135
Eliminated on disposal - - (22,989 ) - (22,989 )
At 31 March 2024 32,569 8,541 50,367 36,993 128,470
NET BOOK VALUE
At 31 March 2024 27,559 3,728 75,561 3,008 109,856
At 31 March 2023 33,571 4,661 109,842 4,011 152,085

HIRA CONSTRUCTION D&B LTD (REGISTERED NUMBER: 06868683)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 911,444 1,572,918
Amounts owed by connected companies 12,278 12,060
Other debtors 5,176 58,280
VAT 5,022 -
Prepayments 24,367 32,123
958,287 1,675,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,143 8,129
Trade creditors 591,277 933,195
Tax 47,774 13,244
Social security and other taxes 45,187 78,655
VAT - 34,396
Other creditors 13,209 17,846
Directors' current accounts 1 132,432
Accrued expenses 3,063 3,063
704,654 1,220,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 69,154 85,410

9. RELATED PARTY DISCLOSURES

At the year end, the company was owed £3,856 (2023: £3,739) by Hira Properties Limited, a company in which the directors have a beneficial interest. The amount owed is interest free and receivable on demand.

At the year end, the company was owed £8,420 (2023: £8,321) by Hira Developments Limited, a company in which the directors have a beneficial interest. The amount owed is interest free and receivable on demand.