Hanson Contracts Limited 02990185 false true 2013-01-01 2014-03-31 2014-03-31 02990185 2013-01-01 2014-03-31 02990185 2014-03-31 02990185 uk-bus:OrdinaryShareClass1 2014-03-31 02990185 uk-bus:Director1 2013-01-01 2014-03-31 02990185 uk-bus:Director2 2013-01-01 2014-03-31 02990185 uk-bus:OrdinaryShareClass1 2013-01-01 2014-03-31 02990185 uk-bus:EntityAccountantsOrAuditors 2013-01-01 2014-03-31 02990185 uk-gaap:LandBuildings 2013-01-01 2014-03-31 02990185 uk-gaap:MotorVehicles 2013-01-01 2014-03-31 02990185 uk-gaap:PlantMachinery 2013-01-01 2014-03-31 02990185 2012-12-31 02990185 2012-12-31 02990185 uk-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP xbrli:shares

Registration number: 02990185

Hanson Contracts Limited

Unaudited Abbreviated Accounts

for the Period from 1 January 2013 to 31 March 2014

 

Thorntons
Chartered Certified Accountants
176-178 PONTEFRACT ROAD
CUDWORTH
BARNSLEY
SOUTH YORKSHIRE
S72 8BE

 

Hanson Contracts Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 7

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 7) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hanson Contracts Limited
for the Period Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hanson Contracts Limited for the period ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Hanson Contracts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Hanson Contracts Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hanson Contracts Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Hanson Contracts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hanson Contracts Limited. You consider that Hanson Contracts Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Hanson Contracts 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 accounts.

......................................

Thorntons
Chartered Certified Accountants
176-178 PONTEFRACT ROAD
CUDWORTH
BARNSLEY
SOUTH YORKSHIRE
S72 8BE

24 September 2014

 

Hanson Contracts Limited
(Registration number: 02990185)
Abbreviated Balance Sheet at 31 March 2014

   

Note

   

31 March 2014
£

   

31 December 2012
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

111,386

   

101,291

 

Current assets

 

             

Stocks

 

   

72,294

   

9,968

 

Debtors

 

   

108,315

   

162,919

 

Cash at bank and in hand

 

   

34,317

   

3,332

 
   

   

214,926

   

176,219

 

Creditors: Amounts falling due within one year

 

   

(217,358)

   

(162,862)

 

Net current (liabilities)/assets

 

   

(2,432)

   

13,357

 

Total assets less current liabilities

 

   

108,954

   

114,648

 

Creditors: Amounts falling due after more than one year

 

   

(38,757)

   

(44,012)

 

Provisions for liabilities

 

   

(5,729)

   

(4,692)

 

Net assets

 

   

64,468

   

65,944

 

Capital and reserves

 

             

Called up share capital

 

3

   

10,000

   

10,000

 

Profit and loss account

 

   

54,468

   

55,944

 

Shareholders' funds

 

   

64,468

   

65,944

 

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 .

Approved by the Board on 24 September 2014 and signed on its behalf by:

The notes on pages 4 to 7 form an integral part of these financial statements.
Page 2

 

Hanson Contracts Limited
(Registration number: 02990185)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Mr Simon P Hanson
Director

The notes on pages 4 to 7 form an integral part of these financial statements.
Page 3

 

Hanson Contracts Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2013 to 31 March 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Land and buildings

4% straight line

Plant and machinery

20-30% straight line

Motor vehicles

25% reducing balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

Hanson Contracts Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2013 to 31 March 2014
......... continued

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Hanson Contracts Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2013 to 31 March 2014
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 January 2013

 

165,114

   

165,114

 

Additions

 

26,731

   

26,731

 

At 31 March 2014

 

191,845

   

191,845

 

Depreciation

           

At 1 January 2013

 

63,823

   

63,823

 

Charge for the period

 

16,636

   

16,636

 

At 31 March 2014

 

80,459

   

80,459

 

Net book value

           

At 31 March 2014

 

111,386

   

111,386

 

At 31 December 2012

 

101,291

   

101,291

 

3

Share capital

Allotted, called up and fully paid shares

 

31 March 2014

31 December 2012

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

10,000

   

10,000

   

10,000

   

10,000

 
                         
 

Hanson Contracts Limited
Notes to the Abbreviated Accounts for the Period from 1 January 2013 to 31 March 2014
......... continued

4

Related party transactions

Directors' advances and credits

 

1 January 2013 to 31 March 2014
Advance/ Credit
£

1 January 2013 to 31 March 2014
Repaid
£

Year ended 31 December 2012
Advance/ Credit
£

Year ended 31 December 2012
Repaid
£

Mr Simon P Hanson

12,533

37

12,570

-

         
         

Mr Andrew D Hanson

19,708

416

20,124

-