H._D._G._CONSTRUCTION_LIM - Accounts

H. D. G. CONSTRUCTION LIMITED - Company Information

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Company Registration No. 4665338 (England and Wales)

H. D. G. CONSTRUCTION LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

H. D. G. CONSTRUCTION LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

H. D. G. CONSTRUCTION LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF H. D. G. CONSTRUCTION LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H. D. G. Construction Limited for the year ended 30 September 2016 set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of H. D. G. Construction Limited, as a body, in accordance with the terms of our engagement letter dated 24 August 2011. Our work has been undertaken solely to prepare for your approval the financial statements of H. D. G. Construction Limited and state those matters that we have agreed to state to the Board of Directors of H. D. G. Construction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H. D. G. Construction Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that H. D. G. Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H. D. G. Construction Limited. You consider that H. D. G. Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H. D. G. Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Pearson May

27 June 2017

Chartered Accountants

37 Great Pulteney Street

Bath

BA2 4DA

H. D. G. CONSTRUCTION LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

93,288

113,798

Current assets

Stocks

217,244

205,648

Debtors

697,370

554,073

Cash at bank and in hand

14,394

929,008

759,733

Creditors: amounts falling due within one year

(585,878)

(423,522)

Net current assets

343,130

336,211

Total assets less current liabilities

436,418

450,009

Creditors: amounts falling due after more than one year

(708)

(4,773)

Provisions for liabilities

(14,305)

(15,593)

421,405

429,643

Capital and reserves

Called up share capital

Profit and loss account

421,403

429,641

Shareholder's funds

421,405

429,643

H. D. G. CONSTRUCTION LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 3 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 June 2017

H D Garlington

Director

Company Registration No. 4665338

H. D. G. CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold improvements & lease premium

Straight line over period of lease

Plant and machinery

25% reducing balance and 20% straight line

Fixtures, fittings & equipment

25% reducing balance and 33% straight line

Motor vehicles

25% reducing balance

1.5

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

H. D. G. CONSTRUCTION LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Accounting policies

(Continued)

- 5 -

1.9

Factored debts

The company factors certain trade debtors on a recourse basis. The company adopts a "Separate Presentation" of this financing under the provisions of Financial Reporting Standard No. 5 "Reporting the Substance of Transactions". The administration and interest costs arising from factoring are charged to expenditure in the year in which they are incurred.

Fixed assets

Tangible assets

Cost

At 1 October 2015

311,962

Additions

21,420

Disposals

(11,758)

At 30 September 2016

321,624

Depreciation

At 1 October 2015

198,164

On disposals

(7,258)

Charge for the year

37,430

At 30 September 2016

228,336

Net book value

At 30 September 2016

93,288

At 30 September 2015

113,798

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £112,057 (2015 - £3,757).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £708 (2015 - £4,773).

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each