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REGISTERED NUMBER: 11553687 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NH CONTRACTORS LIMITED

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NH CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: N Hotopila





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 11553687 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 201,872 217,315

CURRENT ASSETS
Stocks 80,825 37,622
Debtors 5 91,938 62,133
Cash at bank 5,515 491
178,278 100,246
CREDITORS
Amounts falling due within one year 6 297,360 245,608
NET CURRENT LIABILITIES (119,082 ) (145,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,790

71,953

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(27,616

)

PROVISIONS FOR LIABILITIES 10 (50,468 ) (41,289 )
NET ASSETS 25,655 3,048

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,555 2,948
SHAREHOLDERS' FUNDS 25,655 3,048

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 19 May 2025 and were signed by:





N Hotopila - Director


NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

NH Contractors Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 20% on reducing balance

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.

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.

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.

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 38,218 256,776 7,372 302,366
Additions 3,350 5,980 - 9,330
Disposals - - (849 ) (849 )
At 30 September 2024 41,568 262,756 6,523 310,847
DEPRECIATION
At 1 October 2023 11,395 69,499 4,157 85,051
Charge for year 4,526 19,327 573 24,426
Eliminated on disposal - - (502 ) (502 )
At 30 September 2024 15,921 88,826 4,228 108,975
NET BOOK VALUE
At 30 September 2024 25,647 173,930 2,295 201,872
At 30 September 2023 26,823 187,277 3,215 217,315

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 21,000 256,776 277,776
Transfer to ownership (21,000 ) (65,978 ) (86,978 )
At 30 September 2024 - 190,798 190,798
DEPRECIATION
At 1 October 2023 3,150 69,499 72,649
Charge for year - 14,438 14,438
Transfer to ownership (3,150 ) (23,077 ) (26,227 )
At 30 September 2024 - 60,860 60,860
NET BOOK VALUE
At 30 September 2024 - 129,938 129,938
At 30 September 2023 17,850 187,277 205,127

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,883 53,578
Other debtors 8,055 8,555
91,938 62,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,779 31,520
Other loans 58,754 50,000
Hire purchase contracts (see note 8) 10,949 85,001
Trade creditors 58,564 34,179
Tax 39,495 5,529
Social security and other taxes 27,776 2,794
VAT 28,191 29,709
Other creditors 20,639 3,576
Directors' current accounts 54 310
Accrued expenses 28,159 2,990
297,360 245,608

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 6,667
Hire purchase contracts (see note 8) - 10,949
6,667 27,616

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,949 85,001
Between one and five years - 10,949
10,949 95,950

Non-cancellable operating leases
2024 2023
£    £   
Within one year 33,600 33,400

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 14,779 21,520
Bank loans 16,667 26,667
Hire purchase contracts 10,949 95,950
42,395 144,137

The bank loans are secured by way of a Government backed guarantee.

The bank overdraft is secured by way of a personal guarantee by the Director.

The Hire purchase contracts are secured against the motor vehicles to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 50,468 41,289

NH CONTRACTORS LIMITED (REGISTERED NUMBER: 11553687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 41,289
Provided during year 9,179
Balance at 30 September 2024 50,468