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REGISTERED NUMBER: 09365077 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Holemaker Technology Ltd

Holemaker Technology Ltd (Registered number: 09365077)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


Holemaker Technology Ltd (Registered number: 09365077)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 180,997 95,437

CURRENT ASSETS
Stocks 793,885 482,812
Debtors 5 843,182 613,436
Cash at bank 228,869 217,256
1,865,936 1,313,504
CREDITORS
Amounts falling due within one year 6 (525,975 ) (272,822 )
NET CURRENT ASSETS 1,339,961 1,040,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,520,958

1,136,119

CREDITORS
Amounts falling due after more than one
year

7

(92,332

)

(65,713

)

PROVISIONS FOR LIABILITIES (45,249 ) (18,134 )
NET ASSETS 1,383,377 1,052,272

CAPITAL AND RESERVES
Called up share capital 124 125
Retained earnings 1,383,253 1,052,147
SHAREHOLDERS' FUNDS 1,383,377 1,052,272

Holemaker Technology Ltd (Registered number: 09365077)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

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

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 12 July 2022 and were signed on its behalf by:




Mr P Crane - Director



Mr H Crane - Director


Holemaker Technology Ltd (Registered number: 09365077)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Holemaker Technology Ltd is a private company, limited by shares, registered in England, registration number 09365077. The registered office is Bridge House, Pattenden Lane, Marden, Kent, TN12 9QJ.

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 represents net invoiced sales of goods in respect of specialist cutting and drilling tools, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 33% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all
tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Holemaker Technology Ltd (Registered number: 09365077)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2020 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 2,499 169,898 172,397
Additions 11,815 120,140 131,955
Disposals - (5,095 ) (5,095 )
At 31 December 2021 14,314 284,943 299,257
DEPRECIATION
At 1 January 2021 677 76,283 76,960
Charge for year 1,363 43,509 44,872
Eliminated on disposal - (3,572 ) (3,572 )
At 31 December 2021 2,040 116,220 118,260
NET BOOK VALUE
At 31 December 2021 12,274 168,723 180,997
At 31 December 2020 1,822 93,615 95,437

Holemaker Technology Ltd (Registered number: 09365077)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021 37,301
Additions 74,607
Transfer to ownership (22,804 )
At 31 December 2021 89,104
DEPRECIATION
At 1 January 2021 12,963
Charge for year 9,516
Transfer to ownership (13,411 )
At 31 December 2021 9,068
NET BOOK VALUE
At 31 December 2021 80,036
At 31 December 2020 24,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 601,804 468,467
Amounts owed by related parties 121,160 52,000
Other debtors 120,218 92,969
843,182 613,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 94,738 60,281
Hire purchase contracts 18,249 18,487
Trade creditors 146,682 21,235
Taxation and social security 163,998 155,890
Other creditors 102,308 16,929
525,975 272,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 36,607 58,885
Hire purchase contracts 55,725 6,828
92,332 65,713

Holemaker Technology Ltd (Registered number: 09365077)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 131,345 -
Hire purchase contracts 73,974 25,315
205,319 25,315

Bank loans are secured by way of fixed charge.

Hire purchase contracts are secured on the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21 31.12.20
£    £   
Mr P Crane
Balance outstanding at start of year 9,536 -
Amounts advanced - 9,536
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,536

Mr H Crane
Balance outstanding at start of year 1,276 -
Amounts advanced - 1,276
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,276

10. RELATED PARTY DISCLOSURES

Amounts owed by companies under common control: £121,160 (2020 - £52,000)

Companies under common control
Sales - £44,472 (2020 - £48,316).

11. ULTIMATE PARENT ENTITY

Holemaker Technology Holdings Limited is registered in England under registration number 12913225. The registered office is Bridge House, Pattenden Lane, Marden, Kent, England, TN12 9QJ.