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REGISTERED NUMBER: 11857085 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DAVID HILL CONSTRUCTION LTD

DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID HILL CONSTRUCTION LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: D J Hill
K M Hill





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





BUSINESS ADDRESS: Honey Cottage
Sponden Lane
Sandhurst
Kent
TN18 5NR





REGISTERED NUMBER: 11857085 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,076 20,316

CURRENT ASSETS
Stocks 116,309 140,486
Debtors 5 70,148 26,139
Cash at bank 120,263 262,217
306,720 428,842
CREDITORS
Amounts falling due within one year 6 95,246 239,451
NET CURRENT ASSETS 211,474 189,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,550

209,707

CREDITORS
Amounts falling due after more than one
year

7

(6,548

)

(11,638

)

PROVISIONS FOR LIABILITIES (3,528 ) (5,064 )
NET ASSETS 216,474 193,005

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,374 192,905
216,474 193,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

BALANCE SHEET - continued
30 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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





D J Hill - Director


DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

David Hill Construction Ltd 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30 April 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 May 2022.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of construction contracts and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised as control of the goods is passed over to the customer. Where the normal criteria for the recognition of revenue are not met or are varied, then revenue is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on completion of work or when cash payment has been made to the company.

When the outcome of a construction contract can be estimated reliably, contract revenue and associated expenditure are recognised by reference to the stage of completion of the contract at the reporting date.

When the outcome of a construction contract cannot be estimated reliably, contract revenue shall only be recognised to the extent of the amount of associated expenditure incurred and it is probable that the contract revenue will be recoverable.

Provision will be made for all losses arising from a construction contract where it is probable that current and future contract expenditure exceeds contract revenue.

Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on cost

DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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.

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.

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 3 (2023 - 3 ) .

DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 14,147 2,046 27,981 6,004 50,178
Additions 486 - - 349 835
At 30 April 2024 14,633 2,046 27,981 6,353 51,013
DEPRECIATION
At 1 May 2023 6,147 783 19,128 3,804 29,862
Charge for year 2,120 317 2,213 1,425 6,075
At 30 April 2024 8,267 1,100 21,341 5,229 35,937
NET BOOK VALUE
At 30 April 2024 6,366 946 6,640 1,124 15,076
At 30 April 2023 8,000 1,263 8,853 2,200 20,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 53,395 13,054
Directors' loan accounts 16,387 13,085
Tax recoverable 366 -
70,148 26,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,091 4,966
Trade creditors 6,022 81,371
Corporation tax 30,543 40,104
Social security and other taxes 4,105 7,349
VAT 40,075 79,479
Other creditors 3,212 21,880
Accrued expenses 6,198 4,302
95,246 239,451

DAVID HILL CONSTRUCTION LTD (REGISTERED NUMBER: 11857085)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 5,220 5,091
Bank loans - 2-5 years 1,328 6,547
6,548 11,638

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D J Hill and K M Hill
Balance outstanding at start of year 13,085 11,486
Amounts advanced 31,066 15,757
Amounts repaid (27,764 ) (14,158 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,387 13,085

Interest is charged by the company on overdrawn accounts exceeding £10,000 at the statutory rate.

9. FIRST YEAR ADOPTION

1. David Hill Construction Ltd previously applied FRS 105 and was not required to recognise deferred tax. On transition to FRS 102 a deferred tax liability of £3,707 has been recognised at the date of transition being 1 May 2022. A deferred tax liability of £5,064 has been recognised in the balance sheet at 30 April 2023, the effect on the company's profit being a decrease of £1,357.