Hodge Construction (UK) LTD,Ltd - Accounts

Hodge Construction (UK) LTD,Ltd - Accounts

HODGE CONSTRUCTION (UK) LIMITED - Company Information

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2014-09-01 true false Private Limited Company SC209832 2015-08-31 SC209832 2014-09-01 2015-08-31 SC209832 2014-08-31 SC209832 2013-09-01 2014-08-31 SC209832 uk-bus:Director1 2014-09-01 2015-08-31 SC209832 uk-gaap:PlantMachinery 2014-09-01 2015-08-31 SC209832 uk-gaap:ComputerEquipment 2014-09-01 2015-08-31 SC209832 uk-gaap:CommercialMotorVehicles 2014-09-01 2015-08-31 SC209832 uk-gaap:FixturesFittings 2014-09-01 2015-08-31 SC209832 uk-gaap:WithinOneYear 2015-08-31 SC209832 uk-gaap:WithinOneYear 2014-08-31 SC209832 uk-gaap:AfterOneYear 2015-08-31 SC209832 uk-gaap:AfterOneYear 2014-08-31 iso4217:GBP
Hodge Construction (UK) LTD
For the year ended 31 August 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC209832
2
Contents Page
Hodge Construction (UK) LTD
For the year ended 31 August 2015
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Hodge Construction (UK) LTD
As at 31 August 2015
SC209832
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
76,255
75,141
Investments
127,527
127,527
3
203,782
202,668
Current assets
Stocks
110,856
97,562
Debtors
172,718
295,600
Cash at bank and in hand
69,416
171,603
462,578
455,177
Creditors: amounts falling due within one year
4
(127,772)
(119,653)
327,405
342,925
Net current assets
Total assets less current liabilities
546,707
530,073
Creditors: amounts falling due after more than one ye
ar
5
(56,497)
(48,477)
498,230
Net assets
473,576
Capital and reserves
Called up share capital
2
2
Profit and loss account
498,228
473,574
498,230
473,576
Shareholders funds
For the year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 24 May 2016
Mr Thomas Hodge Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Hodge Construction (UK) LTD
For the year ended 31 August 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company,net of value added tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
Computer Equipment
33% per annum on cost
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
15% Reducing balance
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
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5
Notes to the Abbreviated Financial Statements
Hodge Construction (UK) LTD
For the year ended 31 August 2015
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks and work in progress
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 includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
167,331
At 01 September 2014
6,952
Additions
At 31 August 2015
174,283
Depreciation
92,190
At 01 September 2014
5,838
Charge for year
98,028
At 31 August 2015
Net book values
At 31 August 2015
76,255
75,141
At 31 August 2014
3 Fixed asset investments
127,527
At 01 September 2014
Fixed asset
investment
Cost
£
At 31 August 2015
127,527
Net book value
At 01 September 2014
At 31 August 2015
127,527
127,527
2015
4 Creditors: amounts falling due within one year
£
£
2014
10,673
10,673
Bank loans and overdrafts (secured)
3 of 4
6
Notes to the Abbreviated Financial Statements
Hodge Construction (UK) LTD
For the year ended 31 August 2015
2014
2015
5 Creditors due after more than one year
£
£
22,635
33,308
Bank loans and overdrafts (secured)
2,653
-
Bank loans and overdraft
25,288
33,308
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