Registered number
04089504
Hanson Construction Limited
Filleted Accounts
31 May 2024
Hanson Construction Limited
Registered number: 04089504
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,302 9,737
Investments 4 250,000 166,631
257,302 176,368
Current assets
Stocks 48,135 48,135
Debtors 5 2,025 2,573
Cash at bank and in hand 1,403 629
51,563 51,337
Creditors: amounts falling due within one year 6 (102,270) (79,271)
Net current liabilities (50,707) (27,934)
Net assets 206,595 148,434
Capital and reserves
Called up share capital 2 2
Fair value reserve 7 83,369 -
Profit and loss account 123,224 148,432
Shareholders' funds 206,595 148,434
The directors are 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 directors acknowledge their 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 Jennifer Ann Hanson
Director
Approved by the board on 26 February 2025
Hanson Construction Limited
Notes to the Accounts
for the year ended 31 May 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Plant and machinery 25% reducing balance
Computer equipment 25% reducing balance
Motor vehicles 25% reducing balance
Fixtures and fittings 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 50,908 27,625 78,533
At 31 May 2024 50,908 27,625 78,533
Depreciation
At 1 June 2023 49,911 18,885 68,796
Charge for the year 250 2,185 2,435
At 31 May 2024 50,161 21,070 71,231
Net book value
At 31 May 2024 747 6,555 7,302
At 31 May 2023 997 8,740 9,737
4 Investments
Other
investments
£
Cost
At 1 June 2023 166,631
Fair value adjustments 83,369
At 31 May 2024 250,000
Historical cost
At 1 June 2023 166,631
At 31 May 2024 166,631
The investment property known as 4B Beaumont Road was valued by the directors on 31st May 2024.
5 Debtors 2024 2023
£ £
Trade debtors 1,396 1,396
Other debtors 629 1,177
2,025 2,573
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 299
Other creditors 102,270 78,972
102,270 79,271
7 Fair value reserve 2024 2023
£ £
Fair value adjustments 83,369 -
At 31 May 2024 83,369 -
8 Other information
Hanson Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
5b Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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