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REGISTERED NUMBER: 07022574 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Hough Construction UK Limited

Hough Construction UK Limited (Registered number: 07022574)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Hough Construction UK Limited (Registered number: 07022574)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 79,652 97,964

CURRENT ASSETS
Stocks 7,950 8,100
Debtors 5 377,849 95,814
Cash at bank 76,501 146,695
462,300 250,609
CREDITORS
Amounts falling due within one year 6 316,402 128,059
NET CURRENT ASSETS 145,898 122,550
TOTAL ASSETS LESS CURRENT LIABILITIES 225,550 220,514

PROVISIONS FOR LIABILITIES 19,914 24,491
NET ASSETS 205,636 196,023

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 205,536 195,923
SHAREHOLDERS' FUNDS 205,636 196,023

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

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

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr P P Hough - Director


Hough Construction UK Limited (Registered number: 07022574)

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

1. STATUTORY INFORMATION

Hough Construction UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07022574

Registered office: Brooks Lane
Middlewich
Cheshire
CW10 0JH

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for work done in respect of construction contracts and is shown net of VAT and other related sales taxes. The fair value of consideration takes into account settlement discounts and rebates.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

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
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

Hough Construction UK Limited (Registered number: 07022574)

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

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 88,815 62,000 145,863 296,678
Additions 4,274 113 - 4,387
At 31 October 2024 93,089 62,113 145,863 301,065
DEPRECIATION
At 1 November 2023 58,563 55,053 85,098 198,714
Charge for year 5,179 2,329 15,191 22,699
At 31 October 2024 63,742 57,382 100,289 221,413
NET BOOK VALUE
At 31 October 2024 29,347 4,731 45,574 79,652
At 31 October 2023 30,252 6,947 60,765 97,964

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 311,967 37,278
Other debtors 65,882 58,536
377,849 95,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 113,789 42,652
Taxation and social security 186,186 71,599
Other creditors 16,427 13,808
316,402 128,059