Haigh Civils Ltd - Accounts to registrar (filleted) - small 18.2

Haigh Civils Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 11436502 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th June 2021

for

Haigh Civils Ltd

Haigh Civils Ltd (Registered number: 11436502)






Contents of the Financial Statements
for the year ended 30th June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haigh Civils Ltd

Company Information
for the year ended 30th June 2021







DIRECTORS: Mr J Haigh
Mr M J Miller





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11436502 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Haigh Civils Ltd (Registered number: 11436502)

Balance Sheet
30th June 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,996 123,735

CURRENT ASSETS
Debtors 5 48,740 85,649
Cash at bank 35,657 97,721
84,397 183,370
CREDITORS
Amounts falling due within one year 6 123,873 128,296
NET CURRENT (LIABILITIES)/ASSETS (39,476 ) 55,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,520

178,809

CREDITORS
Amounts falling due after more than one
year

7

(134,064

)

(99,908

)

PROVISIONS FOR LIABILITIES (23,051 ) (20,672 )
NET ASSETS 9,405 58,229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,305 58,129
SHAREHOLDERS' FUNDS 9,405 58,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2021 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.

Haigh Civils Ltd (Registered number: 11436502)

Balance Sheet - continued
30th June 2021


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 21st June 2022 and were signed on its behalf by:





Mr M J Miller - Director


Haigh Civils Ltd (Registered number: 11436502)

Notes to the Financial Statements
for the year ended 30th June 2021

1. STATUTORY INFORMATION

Haigh Civils 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.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

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.

Haigh Civils Ltd (Registered number: 11436502)

Notes to the Financial Statements - continued
for the year ended 30th June 2021

2. ACCOUNTING POLICIES - continued

Going concern
In March 2020, the UK entered into a nationwide lockdown as a result of the global pandemic COVID-19. All companies have experienced trading difficulties as a result. However, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources and the availability of financial support to continue in operational existence for the foreseeable future.

At the balance sheet date, the company's liabilities exceeded its assets.

The company has received assurance from the directors that they will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

Should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

On the above basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2020 153,595
Additions 152,125
Disposals (60,500 )
At 30th June 2021 245,220
DEPRECIATION
At 1st July 2020 29,860
Charge for year 28,141
Eliminated on disposal (18,777 )
At 30th June 2021 39,224
NET BOOK VALUE
At 30th June 2021 205,996
At 30th June 2020 123,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 42,902 74,056
Other debtors 5,838 11,593
48,740 85,649

Haigh Civils Ltd (Registered number: 11436502)

Notes to the Financial Statements - continued
for the year ended 30th June 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 21,233 1,900
Trade creditors 8,912 14,361
Taxation and social security 34,377 51,262
Other creditors 59,351 60,773
123,873 128,296

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 44,158 45,000
Hire purchase contracts 39,906 4,908
Other creditors 50,000 50,000
134,064 99,908

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.