Acorah Software Products - Accounts Production 16.1.200 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03878327 Mr Mark Hindley Mrs Alison Hindley Mr Joe Hindley M Hindley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03878327 2023-07-31 03878327 2024-07-31 03878327 2023-08-01 2024-07-31 03878327 frs-core:CurrentFinancialInstruments 2024-07-31 03878327 frs-core:Non-currentFinancialInstruments 2024-07-31 03878327 frs-core:BetweenOneFiveYears 2024-07-31 03878327 frs-core:ComputerEquipment 2024-07-31 03878327 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03878327 frs-core:ComputerEquipment 2023-07-31 03878327 frs-core:FurnitureFittings 2024-07-31 03878327 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03878327 frs-core:FurnitureFittings 2023-07-31 03878327 frs-core:MotorVehicles 2024-07-31 03878327 frs-core:MotorVehicles 2023-08-01 2024-07-31 03878327 frs-core:MotorVehicles 2023-07-31 03878327 frs-core:WithinOneYear 2024-07-31 03878327 frs-core:ShareCapital 2024-07-31 03878327 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03878327 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03878327 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03878327 frs-bus:SmallEntities 2023-08-01 2024-07-31 03878327 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03878327 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03878327 1 2023-08-01 2024-07-31 03878327 frs-core:DeferredTaxation 2023-08-01 2024-07-31 03878327 frs-core:DeferredTaxation 2023-07-31 03878327 frs-core:DeferredTaxation 2024-07-31 03878327 frs-bus:Director1 2023-08-01 2024-07-31 03878327 frs-bus:Director2 2023-08-01 2024-07-31 03878327 frs-bus:Director3 2023-08-01 2024-07-31 03878327 frs-countries:EnglandWales 2023-08-01 2024-07-31 03878327 2022-07-31 03878327 2023-07-31 03878327 2022-08-01 2023-07-31 03878327 frs-core:CurrentFinancialInstruments 2023-07-31 03878327 frs-core:Non-currentFinancialInstruments 2023-07-31 03878327 frs-core:BetweenOneFiveYears 2023-07-31 03878327 frs-core:WithinOneYear 2023-07-31 03878327 frs-core:ShareCapital 2023-07-31 03878327 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03878327
Hindley Contractors Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03878327
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 358,115 329,381
358,115 329,381
CURRENT ASSETS
Stocks 5 395,170 702,186
Debtors 6 1,469,841 1,257,254
Cash at bank and in hand 1,594,139 2,311,090
3,459,150 4,270,530
Creditors: Amounts Falling Due Within One Year 7 (1,328,187 ) (2,584,882 )
NET CURRENT ASSETS (LIABILITIES) 2,130,963 1,685,648
TOTAL ASSETS LESS CURRENT LIABILITIES 2,489,078 2,015,029
Creditors: Amounts Falling Due After More Than One Year 8 (151,320 ) (130,616 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (54,429 ) (76,000 )
NET ASSETS 2,283,329 1,808,413
CAPITAL AND RESERVES
Called up share capital 13 10,000 10,000
Profit and Loss Account 2,273,329 1,798,413
SHAREHOLDERS' FUNDS 2,283,329 1,808,413
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Hindley
Director
05/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hindley Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03878327 . The registered office is G2 - G4 Hilton Main Business Park Bognop, Essington, Wolverhampton, WV11 2BE.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 26)
27 26
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 424,616 24,202 21,169 469,987
Additions 163,976 579 1,056 165,611
Disposals (86,033 ) - - (86,033 )
As at 31 July 2024 502,559 24,781 22,225 549,565
Depreciation
As at 1 August 2023 106,026 15,465 19,115 140,606
Provided during the period 66,715 2,199 1,268 70,182
Disposals (19,338 ) - - (19,338 )
As at 31 July 2024 153,403 17,664 20,383 191,450
Net Book Value
As at 31 July 2024 349,156 7,117 1,842 358,115
As at 1 August 2023 318,590 8,737 2,054 329,381
5. Stocks
2024 2023
£ £
Stock 395,170 702,186
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 679,254 1,194,130
Other debtors 790,587 63,124
1,469,841 1,257,254
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,436 38,455
Trade creditors 735,757 1,741,750
Bank loans and overdrafts 10,268 10,015
Other creditors 151,580 68,795
Taxation and social security 386,146 725,867
1,328,187 2,584,882
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 141,677 110,708
Bank loans 9,643 19,908
151,320 130,616
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 187,208 149,162
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 44,436 38,455
Later than one year and not later than five years 141,677 110,708
186,113 149,163
186,113 149,163
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 54,429 76,000
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2023 76,000 76,000
Deferred taxation (21,571 ) (21,571 )
Balance at 31 July 2024 54,429 54,429
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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14. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid - 223,900
15. Ultimate Controlling Party
The company's ultimate controlling party is M Hindley .
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