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REGISTERED NUMBER: 04084596 (England and Wales)


Highway Construction Services Ltd

Unaudited Financial Statements for the Year Ended 30 November 2024






Highway Construction Services Ltd (Registered number: 04084596)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Highway Construction Services Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: B Robinson FRICS
S J McNeilly



REGISTERED OFFICE: 2 Wetherby Close
Portrack Interchange Business Park
Stockton on Tees
Cleveland
TS18 2SL



REGISTERED NUMBER: 04084596 (England and Wales)



ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES



BANKERS: Barclays
Barclays Bank plc
Leicester
Leicestershire
LE87 2BB

Highway Construction Services Ltd (Registered number: 04084596)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,122 75,533

CURRENT ASSETS
Stocks 1,100 13,612
Debtors 5 81,113 78,790
Cash at bank and in hand 154,112 398,420
236,325 490,822
CREDITORS
Amounts falling due within one year 6 84,271 218,632
NET CURRENT ASSETS 152,054 272,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,176

347,723

CREDITORS
Amounts falling due after more than one
year

7

-

(15,833

)

PROVISIONS FOR LIABILITIES (13,069 ) (17,203 )
NET ASSETS 197,107 314,687

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 8 187,107 304,687
SHAREHOLDERS' FUNDS 197,107 314,687

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

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

Highway Construction Services Ltd (Registered number: 04084596)

Balance Sheet - continued
30 November 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 28 January 2025 and were signed on its behalf by:





B Robinson FRICS - Director


Highway Construction Services Ltd (Registered number: 04084596)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Highway Construction Services 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.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
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 items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 14 ) .

Highway Construction Services Ltd (Registered number: 04084596)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 201,931 147,660 8,720 358,311
Disposals - (57,050 ) - (57,050 )
At 30 November 2024 201,931 90,610 8,720 301,261
DEPRECIATION
At 1 December 2023 150,008 124,050 8,720 282,778
Charge for year 7,789 3,496 - 11,285
Eliminated on disposal - (50,924 ) - (50,924 )
At 30 November 2024 157,797 76,622 8,720 243,139
NET BOOK VALUE
At 30 November 2024 44,134 13,988 - 58,122
At 30 November 2023 51,923 23,610 - 75,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 74,169 72,382
Prepayments 6,944 6,408
81,113 78,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 35,305 81,043
Corporation tax 8,196 27,372
Social security and other taxes 7,401 9,913
VAT 18,177 37,289
Accruals & other creditors 15,192 53,015
84,271 218,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Barclays bounceback loan - 15,833

Highway Construction Services Ltd (Registered number: 04084596)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. RESERVES
Retained
earnings
£   

At 1 December 2023 304,687
Profit for the year 12,420
Dividends (130,000 )
At 30 November 2024 187,107