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REGISTERED NUMBER: 06154869 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

HV Engineering Ltd

HV Engineering Ltd (Registered number: 06154869)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HV Engineering Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: K P Stowell
Mrs J A Stowell





REGISTERED OFFICE: 13 Moorland Terrace
Thwaites Brow
Keighley
West Yorkshire
BD21 4SS





REGISTERED NUMBER: 06154869 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

HV Engineering Ltd (Registered number: 06154869)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 24,650 32,027

CURRENT ASSETS
Debtors 6 32,495 7,034
Cash at bank 39,028 86,029
71,523 93,063
CREDITORS
Amounts falling due within one year 7 (89,881 ) (71,615 )
NET CURRENT (LIABILITIES)/ASSETS (18,358 ) 21,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,292

53,475

CREDITORS
Amounts falling due after more than one
year

8

-

(8,824

)

PROVISIONS FOR LIABILITIES 9 (4,684 ) (5,962 )
NET ASSETS 1,608 38,689

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,508 38,589
SHAREHOLDERS' FUNDS 1,608 38,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

HV Engineering Ltd (Registered number: 06154869)

Statement of Financial Position - continued
31 March 2023



The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by:





K P Stowell - Director


HV Engineering Ltd (Registered number: 06154869)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

HV Engineering 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HV Engineering Ltd (Registered number: 06154869)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 757 5,916 53,552 8,600 68,825
Additions - - - 916 916
At 31 March 2023 757 5,916 53,552 9,516 69,741
DEPRECIATION
At 1 April 2022 692 5,538 23,429 7,139 36,798
Charge for year 16 95 7,531 651 8,293
At 31 March 2023 708 5,633 30,960 7,790 45,091
NET BOOK VALUE
At 31 March 2023 49 283 22,592 1,726 24,650
At 31 March 2022 65 378 30,123 1,461 32,027

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 53,552
DEPRECIATION
At 1 April 2022 23,429
Charge for year 7,531
At 31 March 2023 30,960
NET BOOK VALUE
At 31 March 2023 22,592
At 31 March 2022 30,123

HV Engineering Ltd (Registered number: 06154869)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 31,293 5,700
Prepayments 1,202 1,334
32,495 7,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 8,824 8,824
Trade creditors 657 521
Tax 10,261 8,546
VAT 8,104 3,068
Directors' current accounts 61,075 50,056
Accrued expenses 960 600
89,881 71,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 8,824

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 4,684 5,962

Deferred
tax
£   
Balance at 1 April 2022 5,962
Utilised during year (1,278 )
Balance at 31 March 2023 4,684

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the shareholders.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
HV Engineering Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HV Engineering Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that HV Engineering Ltd 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 HV Engineering Ltd. You consider that HV Engineering Ltd 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 HV Engineering Ltd. 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


22 September 2023