NHL Construction Limited 08027924 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the provision of construction services. Digita Accounts Production Advanced 6.30.9574.0 true 08027924 2022-11-01 2023-10-31 08027924 2023-10-31 08027924 core:CurrentFinancialInstruments 2023-10-31 08027924 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08027924 core:Non-currentFinancialInstruments 2023-10-31 08027924 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 08027924 core:FurnitureFittingsToolsEquipment 2023-10-31 08027924 core:OtherPropertyPlantEquipment 2023-10-31 08027924 bus:SmallEntities 2022-11-01 2023-10-31 08027924 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08027924 bus:FilletedAccounts 2022-11-01 2023-10-31 08027924 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08027924 bus:RegisteredOffice 2022-11-01 2023-10-31 08027924 bus:Director1 2022-11-01 2023-10-31 08027924 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08027924 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 08027924 core:OfficeEquipment 2022-11-01 2023-10-31 08027924 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 08027924 core:PlantMachinery 2022-11-01 2023-10-31 08027924 countries:England 2022-11-01 2023-10-31 08027924 2021-11-01 2022-10-31 08027924 2022-10-31 08027924 core:CurrentFinancialInstruments 2022-10-31 08027924 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08027924 core:Non-currentFinancialInstruments 2022-10-31 08027924 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 08027924

NHL Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

NHL Construction Limited

(Registration number: 08027924)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,868

-

Current assets

 

Stocks

5

29,800

-

Debtors

6

93,651

646,520

Cash at bank and in hand

 

2,903

692

 

126,354

647,212

Creditors: Amounts falling due within one year

7

(39,179)

(549,093)

Net current assets

 

87,175

98,119

Total assets less current liabilities

 

93,043

98,119

Creditors: Amounts falling due after more than one year

7

(48,400)

(48,400)

Net assets

 

44,643

49,719

Capital and reserves

 

Called up share capital

1

1

Retained earnings

44,642

49,718

Shareholders' funds

 

44,643

49,719

 

NHL Construction Limited

(Registration number: 08027924)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director for issue on 31 October 2024
 

.........................................

J W S Greaves

Director

 

NHL Construction Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Copper House
22 Watery Street
Sheffield
South Yorkshire
S3 7ES

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

NHL Construction Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

5 years straight line

Office equipment

4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

NHL Construction Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

1,582

5,851

7,433

At 31 October 2023

1,582

5,851

7,433

Depreciation

Charge for the year

395

1,170

1,565

At 31 October 2023

395

1,170

1,565

Carrying amount

At 31 October 2023

1,187

4,681

5,868

5

Stocks

2023
£

2022
£

Work in progress

29,800

-

6

Debtors

Current

2023
£

2022
£

Trade debtors

8,448

569,948

Other debtors

85,203

76,572

 

93,651

646,520

 

NHL Construction Limited

Notes to the Financial Statements for the Year Ended 31 October 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

-

1,750

Amounts owed to related parties

3,625

444,337

Taxation and social security

 

3,899

13,796

Other creditors

 

31,655

89,210

 

39,179

549,093

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

48,400

48,400

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

48,400

48,400