Registered number
05084234
HARVIL CONSTRUCTION COMPANY LIMITED
Filleted Accounts
31 March 2024
HARVIL CONSTRUCTION COMPANY LIMITED
Registered number: 05084234
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,725 17,887
Current assets
Debtors 4 83,136 72,745
Cash at bank and in hand 55,580 66,236
138,716 138,981
Creditors: amounts falling due within one year 5 (15,638) (18,265)
Net current assets 123,078 120,716
Total assets less current liabilities 137,803 138,603
Creditors: amounts falling due after more than one year 6 (20,000) (30,000)
Net assets 117,803 108,603
Capital and reserves
Called up share capital 2 2
Profit and loss account 117,801 108,601
Shareholders' funds 117,803 108,603
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Dawson
Director
Approved by the board on 29 October 2024
HARVIL CONSTRUCTION COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:
Leasehold Improvement 15% reducing balance
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold Improvement Plant, machinery and office equipment etc Total
£ £ £
Cost
At 1 April 2023 56,560 54,599 111,159
At 31 March 2024 56,560 54,599 111,159
Depreciation
At 1 April 2023 43,469 49,803 93,272
Charge for the year 1,963 1,199 3,162
At 31 March 2024 45,432 51,002 96,434
Net book value
At 31 March 2024 11,128 3,597 14,725
At 31 March 2023 13,091 4,796 17,887
4 Debtors 2024 2023
£ £
Trade debtors 25,966 11,507
Deferred tax asset 24,815 28,231
Other debtors 32,355 33,007
83,136 72,745
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bounce back loan 10,000 10,000
Trade creditors - 1,488
Director accounts 358 205
Taxation and social security costs 3,905 4,922
Other creditors 1,375 1,650
15,638 18,265
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 20,000 30,000
7 Pension commitments
Contributios payable by the company during the year was £36,000 (2023 - £35,000) in respect of the Directors.
8 Controlling party
Mr M Dawson and Mr S Dawson who are directors of the company jointly have a controlling interest in the company.
9 Other information
HARVIL CONSTRUCTION COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27a Maxwell Road
Northwood
Middlesex
HA6 2XY
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