REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th June 2024 |
for |
Holt Construction Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th June 2024 |
for |
Holt Construction Limited |
Holt Construction Limited (Registered number: 04744250) |
Contents of the Financial Statements |
for the Year Ended 30th June 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Holt Construction Limited (Registered number: 04744250) |
Balance Sheet |
30th June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Holt Construction Limited (Registered number: 04744250) |
Balance Sheet - continued |
30th June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Holt Construction Limited (Registered number: 04744250) |
Notes to the Financial Statements |
for the Year Ended 30th June 2024 |
1. | COMPANY INFORMATION |
Holt Construction Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
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 from the provision of professional services is recognised on delivery of the service. |
Tangible fixed assets |
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life as follows: |
Plant and equipment - 25% reducing balance |
Computer equipment - 3 years straight line |
Motor vehicles - 25% reducing balance |
Financial instruments |
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Holt Construction Limited (Registered number: 04744250) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st July 2023 |
Additions |
At 30th June 2024 |
DEPRECIATION |
At 1st July 2023 |
Charge for year |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
Holt Construction Limited (Registered number: 04744250) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Wages control | 240 | - |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans and overdrafts |
Hire purchase < 1 year | 7,013 | 2,465 |
Trade creditors |
Tax |
Social security and other taxes |
CIS | 5,004 | 9,765 |
VAT | 88,490 | 138,826 |
Other creditors |
Directors' loan accounts | 9,774 | 18,008 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
Creditors due after more than one year includes £15,825 (2023: £25,718) relating to a bounceback loan. This loan is for a term of 6 years and interest is charged at 2.5% per annum. |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.24 | 30.6.23 |
£ | £ |
Hire purchase < 1 year |
Hire purchase liabilities are secured against the assets to which they relate. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.24 | 30.6.23 |
value: | £ | £ |
Ordinary A | 1 | 100 | 54 |
Ordinary B | 1 | - | 44 |
Ordinary C & D | 1 | - | 1 |
100 | 99 |
All classes of shares have equal rights to voting, capital distributions and redemption, but rights to dividends are as declared for the class. |
Holt Construction Limited (Registered number: 04744250) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, the company operated a loan account with R Holt. At the balance sheet date, the company owed £6,374 (2023: £14,108) to R Holt. |
During the year, the company operated a loan account with J Holt. At the balance sheet date, the company owed £3,400 (2023: £3,900) to J Holt. During the year, |
These balances are included within other creditors and are unsecured, interest-free and repayable-on-demand. |
11. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £149,566 (2023 - £227,298) were paid to the directors . |
During the year, the company operated a loan account with Holt Group Holdings Ltd; a related party by virtue of common control. At the balance sheet date, the company was owed £400 (2023: £100) from Holt Group Holdings Ltd. |
During the year, the company operated a loan account with Holt Assets Limited; a related party by virtue of common control. At the balance sheet date, the company was owed £433,380 (2023: £433,380) from Holt Assets Limited. . |
During the year, the company operated a loan account with RJH Group Holdings LLP £30,041 (2023: £13,864); a related party by virtue of common control. During the year, the company advanced £16,176 (2023: £2,922). |
These balances are included within other debtors and are unsecured, interest-free and repayable-on-demand. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is R B Holt. |