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REGISTERED NUMBER: 00601881 (England and Wales)












H. H. ADKINS (CONTRACTORS) LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

30 JANUARY 2023 TO 28 JANUARY 2024






H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JANUARY 2023 TO 28 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


H. H. ADKINS (CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 JANUARY 2023 TO 28 JANUARY 2024







DIRECTORS: C R Pape
Mrs J Pape





SECRETARY: Mrs J Pape





REGISTERED OFFICE: Wyberton West Road
Boston
Lincolnshire
PE21 7JU





REGISTERED NUMBER: 00601881 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

ABRIDGED BALANCE SHEET
28 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 345,648 277,281

CURRENT ASSETS
Stocks 33,468 42,018
Debtors 4 5,256,799 3,932,458
Cash at bank and in hand 1,657,588 2,817,807
6,947,855 6,792,283
CREDITORS
Amounts falling due within one year 722,037 640,167
NET CURRENT ASSETS 6,225,818 6,152,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,571,466

6,429,397

CREDITORS
Amounts falling due after more than one year (2,743 ) -

PROVISIONS FOR LIABILITIES (5,940 ) (8,235 )
NET ASSETS 6,562,783 6,421,162

CAPITAL AND RESERVES
Called up share capital 17,427 17,427
Retained earnings 6,545,356 6,403,735
SHAREHOLDERS' FUNDS 6,562,783 6,421,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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.

H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

ABRIDGED BALANCE SHEET - continued
28 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 28 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 January 2025 and were signed on its behalf by:





C R Pape - Director


H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JANUARY 2023 TO 28 JANUARY 2024


1. 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Plant and machinery - 12.5% on reducing balance
Office equipment - 12.5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer software - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2023 TO 28 JANUARY 2024


1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Construction contracts
Revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The estimate of the contract revenue earned at the balance sheet date is based on applying the expected profit margin on the contract to the costs incurred to date. The estimate is significant to the financial statements and is based on the directors detailed knowledge of each contract.

Losses on contracts are recognised in full when identified.

Work in progress is classified in current debtors as amounts recoverable on contracts. Contract costs include costs directly related to the contracts plus overheads which are allocated to the contract in proportion to the direct costs.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 45 (2023 - 46 ) .

H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2023 TO 28 JANUARY 2024


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 January 2023 1,109,752
Additions 116,191
Disposals (26,834 )
At 28 January 2024 1,199,109
DEPRECIATION
At 30 January 2023 832,471
Charge for period 44,242
Eliminated on disposal (23,252 )
At 28 January 2024 853,461
NET BOOK VALUE
At 28 January 2024 345,648
At 29 January 2023 277,281

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 41,184
At 28 January 2024 41,184
DEPRECIATION
Charge for period 4,296
At 28 January 2024 4,296
NET BOOK VALUE
At 28 January 2024 36,888

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Trade debtors 925,280 962,930
Amounts recoverable on contract 253,622 253,622
1,178,902 1,216,552

H. H. ADKINS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 00601881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2023 TO 28 JANUARY 2024


5. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C R Pape by virtue of him owning 99.99% of the share capital.