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REGISTERED NUMBER: 02981348 (England and Wales)
























Financial Statements

for the Year Ended 31 March 2023

for

S.H.P. Engineering Ltd.

S.H.P. Engineering Ltd. (Registered number: 02981348)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.H.P. Engineering Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S Howard





SECRETARY: Ms M J Ashley





REGISTERED OFFICE: Unit 7
Faraday Road Business Park
Littleport
Ely
Cambridgeshire
CB6 1SE





REGISTERED NUMBER: 02981348 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

S.H.P. Engineering Ltd. (Registered number: 02981348)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,121 25,729
Investments 5 11 11
26,132 25,740

CURRENT ASSETS
Stocks 238,098 237,488
Debtors 6 147,916 75,371
Cash at bank and in hand 46,175 34,141
432,189 347,000
CREDITORS
Amounts falling due within one year 7 277,843 187,557
NET CURRENT ASSETS 154,346 159,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,478

185,183

CREDITORS
Amounts falling due after more than one year 8 (17,948 ) (25,910 )

PROVISIONS FOR LIABILITIES (4,055 ) -
NET ASSETS 158,475 159,273

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,375 159,173
SHAREHOLDERS' FUNDS 158,475 159,273

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 director acknowledges his 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.

S.H.P. Engineering Ltd. (Registered number: 02981348)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 19 September 2023 and were signed by:





S Howard - Director


S.H.P. Engineering Ltd. (Registered number: 02981348)

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

1. STATUTORY INFORMATION

S.H.P. 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. 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 the value of work done and invoiced excluding value added tax as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Trailer - 25% on reducing balance
Tools & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 10% on reducing balance

Stocks
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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

S.H.P. Engineering Ltd. (Registered number: 02981348)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Tools &
property Trailer equipment
£    £    £   
COST
At 1 April 2022 24,907 1,100 144,608
Additions - - 4,700
At 31 March 2023 24,907 1,100 149,308
DEPRECIATION
At 1 April 2022 24,475 1,099 126,560
Charge for year 86 - 3,416
At 31 March 2023 24,561 1,099 129,976
NET BOOK VALUE
At 31 March 2023 346 1 19,332
At 31 March 2022 432 1 18,048

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 7,000 34,160 211,775
Additions - - 4,700
At 31 March 2023 7,000 34,160 216,475
DEPRECIATION
At 1 April 2022 6,473 27,439 186,046
Charge for year 131 675 4,308
At 31 March 2023 6,604 28,114 190,354
NET BOOK VALUE
At 31 March 2023 396 6,046 26,121
At 31 March 2022 527 6,721 25,729

S.H.P. Engineering Ltd. (Registered number: 02981348)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 11
NET BOOK VALUE
At 31 March 2023 11
At 31 March 2022 11

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 124,130 54,919
Other debtors - 3,028
In account - Pickup Truck
Racing Limited 1,370 870
Tax 3,418 3,418
Prepayments 18,998 13,136
147,916 75,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,962 7,765
Payments on account 14,216 849
Trade creditors 95,631 78,583
Tax 3,135 -
Social security and other taxes 37,421 14,270
Other creditors 7,287 12,266
Directors' current accounts 107,205 67,689
Accrued expenses 4,986 6,135
277,843 187,557

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 8,163 7,962
Bank loans - 2-5 years 9,785 17,948
17,948 25,910