Honan Contracts Ltd


FINANCIAL STATEMENTS


for the year ended 30th April 2024



Honan Contracts Ltd

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Honan Contracts Ltd

Company No. 11519381

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment44411158762
4411158762
CURRENT ASSETS
Debtors5260335565
Cash at bank and in hand5858418492
6118754057
CURRENT LIABILITIES
Creditors: amounts falling due
within one year69514588424
NET CURRENT LIABILITIES(33958)(34367)
TOTAL ASSETS LESS CURRENT LIABILITIES1015324395
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS1015324395
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings1005324295
SHAREHOLDERS FUNDS1015324395

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 18 November 2024


A N Honan

Director

Company Number 11519381 (England)

Honan Contracts Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

Honan Contracts Ltd is a private company limited by shares and registered under company number 11519381 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 3).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2023 and
At 30th April 2024905054597246797569
 
Depreciation
At 1st May 2023 347612589145738807
Charge for year1399640225314651
At 30th April 2024487572991171053458
 
Net Book Value
At 30th April 202441748160675744111
At 30th April 2023557442008101058762

5   Debtors20242023
££
 
Trade Debtors-352
Other debtors260335213
260335565

6   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts2925735097
Amounts owed to group undertakings and undertakings in which the
 Company has a participating interest1200012000
Corporation tax3145230
Taxes and social security costs-1500
Other creditors2574314597
Accruals and deferred income2500025000
9514588424

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