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REGISTERED NUMBER: 13935336 (England and Wales)















Hughes Construction (London) Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024






Hughes Construction (London) Ltd (Registered number: 13935336)

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


Hughes Construction (London) Ltd

Company Information
for the year ended 31 January 2024







Directors: Mr J Hughes Business Owner
Mrs J Hughes
Mr D Hughes





Secretary: Mr G A Hughes





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 13935336 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Hughes Construction (London) Ltd (Registered number: 13935336)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 92,655 79,835

Current assets
Debtors 5 1,036,975 346,529
Cash at bank 254,703 8,950
1,291,678 355,479
Creditors
Amounts falling due within one year 6 474,561 372,145
Net current assets/(liabilities) 817,117 (16,666 )
Total assets less current liabilities 909,772 63,169

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 909,672 63,069
Shareholders' funds 909,772 63,169

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mr J Hughes Business Owner - Director


Hughes Construction (London) Ltd (Registered number: 13935336)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Hughes Construction (London) Ltd is a private company, limited by shares, and registered in England and Wales. The company's registered number is 13935336 and its registered office address is Borne House Turners Hill, Cheshunt, Waltham Cross, Hertfordshire, United Kingdom, EN89DG.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Hire purchase and leasing commitments
Costs in respect of operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised in the Statement of Financial Position and are depreciated over their useful lives.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

Hughes Construction (London) Ltd (Registered number: 13935336)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 February 2023 - 81,756 1,527 83,283
Additions 11,741 29,440 7,827 49,008
Disposals - (15,500 ) - (15,500 )
At 31 January 2024 11,741 95,696 9,354 116,791
Depreciation
At 1 February 2023 - 3,406 42 3,448
Charge for year 526 19,185 1,623 21,334
Eliminated on disposal - (646 ) - (646 )
At 31 January 2024 526 21,945 1,665 24,136
Net book value
At 31 January 2024 11,215 73,751 7,689 92,655
At 31 January 2023 - 78,350 1,485 79,835

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 367,526 148,048
Amounts owed by group undertakings 583,971 -
Other debtors 85,478 198,481
1,036,975 346,529

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 16,591 128
Trade creditors 121,467 234,074
Amounts owed to group undertakings - 97,835
Taxation and social security 288,919 28,608
Other creditors 47,584 11,500
474,561 372,145

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

Hughes Construction (London) Ltd (Registered number: 13935336)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


8. Reserves
Retained
earnings
£

At 1 February 2023 63,069
Profit for the year 846,603
At 31 January 2024 909,672