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REGISTERED NUMBER: 08143625 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Hirst Brothers Contractors Ltd

Hirst Brothers Contractors Ltd (Registered number: 08143625)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hirst Brothers Contractors Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: T J Hirst
J E Hirst





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 08143625 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Hirst Brothers Contractors Ltd (Registered number: 08143625)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 824,725 837,342
824,725 837,342

CURRENT ASSETS
Stocks 6,420 49,547
Debtors 6 230,370 178,405
Cash at bank - 2,453
236,790 230,405
CREDITORS
Amounts falling due within one year 7 244,550 133,457
NET CURRENT (LIABILITIES)/ASSETS (7,760 ) 96,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,965

934,290

CREDITORS
Amounts falling due after more than one year 8 (123,013 ) (192,420 )

PROVISIONS FOR LIABILITIES (198,122 ) (200,454 )
NET ASSETS 495,830 541,416

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 495,810 541,396
SHAREHOLDERS' FUNDS 495,830 541,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Hirst Brothers Contractors Ltd (Registered number: 08143625)

Balance Sheet - continued
31 July 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 April 2025 and were signed on its behalf by:




T J Hirst - Director



J E Hirst - Director


Hirst Brothers Contractors Ltd (Registered number: 08143625)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Hirst Brothers Contractors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on straight line
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.


Hirst Brothers Contractors Ltd (Registered number: 08143625)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 20,000
AMORTISATION
At 1 August 2023
and 31 July 2024 20,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Hirst Brothers Contractors Ltd (Registered number: 08143625)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 51,247 1,038,579 250,313 3,152 1,343,291
Additions - 145,303 19,700 998 166,001
Disposals - (54,531 ) (5,990 ) - (60,521 )
At 31 July 2024 51,247 1,129,351 264,023 4,150 1,448,771
DEPRECIATION
At 1 August 2023 15,719 386,008 102,831 1,391 505,949
Charge for year 3,289 112,194 32,427 615 148,525
Eliminated on disposal - (27,597 ) (2,831 ) - (30,428 )
At 31 July 2024 19,008 470,605 132,427 2,006 624,046
NET BOOK VALUE
At 31 July 2024 32,239 658,746 131,596 2,144 824,725
At 31 July 2023 35,528 652,571 147,482 1,761 837,342

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 94,479 41,707
Other debtors 29,891 30,698
124,370 72,405

Amounts falling due after more than one year:
Other debtors 106,000 106,000

Aggregate amounts 230,370 178,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 8,505 -
Hire purchase contracts 69,407 67,323
Trade creditors 22,554 8,248
Taxation and social security 42,421 9,008
Other creditors 101,663 48,878
244,550 133,457

Hirst Brothers Contractors Ltd (Registered number: 08143625)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 123,013 192,420

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
20 Ordinary £1 20 20