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REGISTERED NUMBER: 00548045 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

HOLDSWORTH CONSTRUCTION LIMITED

HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLDSWORTH CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTOR: N J Holdsworth





SECRETARY: Mrs P M Holdsworth





REGISTERED OFFICE: 6 Mill Mews
Old Warwick Road
Lapworth
B94 6LX





REGISTERED NUMBER: 00548045 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

BALANCE SHEET
30th April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,216 146,134
Investment property 5 80,000 80,000
205,216 226,134

CURRENT ASSETS
Stocks 1,550,000 1,550,000
Debtors 6 505,497 568,145
Cash at bank 102,442 285,933
2,157,939 2,404,078
CREDITORS
Amounts falling due within one year 7 883,596 918,934
NET CURRENT ASSETS 1,274,343 1,485,144
TOTAL ASSETS LESS CURRENT LIABILITIES 1,479,559 1,711,278

CREDITORS
Amounts falling due after more than one
year

8

(79,301

)

(54,387

)

PROVISIONS FOR LIABILITIES (20,611 ) (27,766 )
NET ASSETS 1,379,647 1,629,125

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Revaluation reserve 10 57,331 57,331
Retained earnings 1,312,316 1,561,794
SHAREHOLDERS' FUNDS 1,379,647 1,629,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

BALANCE SHEET - continued
30th April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st January 2025 and were signed by:





N J Holdsworth - Director


HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024


1. STATUTORY INFORMATION

Holdsworth Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year 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.


HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 299,586
Additions 102,915
Disposals (113,287 )
At 30th April 2024 289,214
DEPRECIATION
At 1st May 2023 153,452
Charge for year 45,503
Eliminated on disposal (34,957 )
At 30th April 2024 163,998
NET BOOK VALUE
At 30th April 2024 125,216
At 30th April 2023 146,134

HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st May 2023 104,906
Additions 102,915
Disposals (51,787 )
At 30th April 2024 156,034
DEPRECIATION
At 1st May 2023 35,937
Charge for year 39,008
Eliminated on disposal (22,657 )
At 30th April 2024 52,288
NET BOOK VALUE
At 30th April 2024 103,746
At 30th April 2023 68,969

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 80,000
NET BOOK VALUE
At 30th April 2024 80,000
At 30th April 2023 80,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 34,254 31,434
Other debtors 471,243 536,711
505,497 568,145

HOLDSWORTH CONSTRUCTION LIMITED (REGISTERED NUMBER: 00548045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 10,247 9,868
Hire purchase contracts 14,753 8,369
Trade creditors 118,241 182,271
Taxation and social security 4,901 3,909
Other creditors 735,454 714,517
883,596 918,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans 10,506 20,877
Hire purchase contracts 68,795 33,510
79,301 54,387

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
1,000 Ordinary shares £1 10,000 10,000

10. RESERVES
Revaluation
reserve
£   
At 1st May 2023
and 30th April 2024 57,331