REGISTERED NUMBER: |
H. H. ADKINS (CONTRACTORS) LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
30 JANUARY 2023 TO 28 JANUARY 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
Freehold property | - |
Plant and machinery | - |
Office equipment | - |
Motor vehicles | - |
Computer software | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 28 January 2024 |
DEPRECIATION |
At 30 January 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 28 January 2024 |
NET BOOK VALUE |
At 28 January 2024 |
At 29 January 2023 |
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 |
Amounts recoverable on contract |
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. |