REGISTERED NUMBER: 00643669 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Highway Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Edward John Gibbons

Mr David Paul Gibbons

Ms Sarah Elizabeth Smith

Mr Ian Jowett

Mr Dritan Skenderaj

REGISTERED OFFICE:

2 Charter Park

Ilkeston

Derbyshire

DE7 5GA

REGISTERED NUMBER:

00643669 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

9,806

12,008

Investment property

5

2,000,000

2,000,000

2,009,806

2,012,008

CURRENT ASSETS

Debtors

6

147,539

86,104

Cash at bank

111,394

166,678

258,933

252,782

CREDITORS

Amounts falling due within one year

7

84,952

125,165

NET CURRENT ASSETS

173,981

127,617

TOTAL ASSETS LESS CURRENT LIABILITIES

2,183,787

2,139,625

PROVISIONS FOR LIABILITIES

442,588

443,138

NET ASSETS

1,741,199

1,696,487

CAPITAL AND RESERVES

Called up share capital

8

30,000

30,000

Non distributable reserves

9

1,320,410

1,320,410

Retained earnings

390,789

346,077

SHAREHOLDERS' FUNDS

1,741,199

1,696,487

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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

Mr Edward John Gibbons - Director

Mr David Paul Gibbons - Director

Mr Ian Jowett - Director

Mr Dritan Skenderaj - Director

Ms Sarah Elizabeth Smith - Director

1.	STATUTORY INFORMATION

Highway 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 as modified by the revaluation of certain assets.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

18,010

251

18,261

Additions

-

300

300

At 31 December 2024

18,010

551

18,561

DEPRECIATION

At 1 January 2024

6,002

251

6,253

Charge for year

2,402

100

2,502

At 31 December 2024

8,404

351

8,755

NET BOOK VALUE

At 31 December 2024

9,606

200

9,806

At 31 December 2023

12,008

-

12,008

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,000,000

NET BOOK VALUE

At 31 December 2024

2,000,000

At 31 December 2023

2,000,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

493,205

Valuation in 2020

6,345

Valuation in 2021

3,848

Valuation in 2022

1,496,602

Valuation in 2023

(239,455

)

Cost

239,455

2,000,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

239,455

239,455

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

58,161

27,059

Other debtors

58,285

38,575

Directors' current accounts

30,752

20,143

Prepayments and accrued income

341

327

147,539

86,104

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

24,213

Trade creditors

168

-

Tax

48,005

48,373

Social security and other taxes

-

78

VAT

7,739

6,896

Other creditors

20,527

40,290

Directors' current accounts

20

20

Accruals and deferred income

8,493

5,295

84,952

125,165

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary

£1

10,000

10,000

20,000

Preference

£1

20,000

20,000

30,000

30,000

9.

RESERVES

Non

distributable

reserves

£

At 1 January 2024

and 31 December 2024

1,320,410

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Ms Sarah Elizabeth Smith

Balance outstanding at start of year

20,143

1,593

Amounts advanced

30,754

20,150

Amounts repaid

(20,145

)

(1,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,752

20,143

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.