Registered number
SC593599
Hanover Contractors Ltd
Filleted Accounts
30 April 2024
Hanover Contractors Ltd
Registered number: SC593599
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,284 14,760
Current assets
Cash at bank and in hand 665 2,524
Creditors: amounts falling due within one year 4 (40) (16)
Net current assets 625 2,508
Total assets less current liabilities 13,909 17,268
Creditors: amounts falling due after more than one year 5 (34,186) (44,903)
Net assets / (liabilities) (20,277) (27,635)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,377) (27,735)
Shareholders' funds (20,277) (27,635)
The director is 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 director acknowledges her 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.
Mrs Sadiah Ali
Director
Approved by the board on 20 January 2025
Hanover Contractors Ltd
Notes to the Accounts
for the year ended 30 April 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 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:
Fixtures, fittings, tools and equipment 10% on reducing bases
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixture, fitting, plant and machinery etc Motor vehicle Total
£ £ £
Cost
At 1 May 2023 5,725 12,500 18,225
At 30 April 2024 5,725 12,500 18,225
Depreciation
At 1 May 2023 2,215 1,250 3,465
Charge for the year 351 1,125 1,476
At 30 April 2024 2,566 2,375 4,941
Net book value
At 30 April 2024 3,159 10,125 13,284
At 30 April 2023 3,510 11,250 14,760
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 35 11
Taxation and social security costs 5 5
40 16
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 14,292 16,304
Director's loan account 19,894 28,599
34,186 44,903
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