Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false192022-04-01falseNo description of principal activity18trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01015499 2022-04-01 2023-03-31 01015499 2021-04-01 2022-03-31 01015499 2023-03-31 01015499 2022-03-31 01015499 c:Director1 2022-04-01 2023-03-31 01015499 d:PlantMachinery 2022-04-01 2023-03-31 01015499 d:PlantMachinery 2023-03-31 01015499 d:PlantMachinery 2022-03-31 01015499 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01015499 d:MotorVehicles 2022-04-01 2023-03-31 01015499 d:MotorVehicles 2023-03-31 01015499 d:MotorVehicles 2022-03-31 01015499 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01015499 d:OfficeEquipment 2022-04-01 2023-03-31 01015499 d:OfficeEquipment 2023-03-31 01015499 d:OfficeEquipment 2022-03-31 01015499 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01015499 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01015499 d:CurrentFinancialInstruments 2023-03-31 01015499 d:CurrentFinancialInstruments 2022-03-31 01015499 d:Non-currentFinancialInstruments 2023-03-31 01015499 d:Non-currentFinancialInstruments 2022-03-31 01015499 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01015499 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01015499 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01015499 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01015499 d:ShareCapital 2023-03-31 01015499 d:ShareCapital 2022-03-31 01015499 d:InvestmentPropertiesRevaluationReserve 2023-03-31 01015499 d:InvestmentPropertiesRevaluationReserve 2022-03-31 01015499 d:RetainedEarningsAccumulatedLosses 2023-03-31 01015499 d:RetainedEarningsAccumulatedLosses 2022-03-31 01015499 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 01015499 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 01015499 c:FRS102 2022-04-01 2023-03-31 01015499 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01015499 c:FullAccounts 2022-04-01 2023-03-31 01015499 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01015499 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 01015499 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 01015499 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 01015499 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 01015499 2 2022-04-01 2023-03-31 01015499 6 2022-04-01 2023-03-31 01015499 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01015499 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01015499 d:OtherDeferredTax 2023-03-31 01015499 d:OtherDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 01015499









HOLMBRIDGE ENGINEERING CO. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
HOLMBRIDGE ENGINEERING CO. LIMITED
REGISTERED NUMBER: 01015499

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
303,048
152,472

Investments
 5 
184,306
255,387

  
487,354
407,859

Current assets
  

Stocks
  
13,500
12,000

Debtors: amounts falling due within one year
 6 
267,664
231,911

Cash at bank and in hand
 7 
135,457
96,884

  
416,621
340,795

Creditors: amounts falling due within one year
 8 
(377,759)
(320,210)

Net current assets
  
 
 
38,862
 
 
20,585

Total assets less current liabilities
  
526,216
428,444

Creditors: amounts falling due after more than one year
 9 
(127,049)
(64,368)

Provisions for liabilities
  

Deferred tax
 12 
(75,500)
(38,419)

  
 
 
(75,500)
 
 
(38,419)

Net assets
  
323,667
325,657


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Non-distributable reserve
  
24,946
38,309

Profit and loss account
  
297,721
286,348

  
323,667
325,657


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
 
Page 1

 
HOLMBRIDGE ENGINEERING CO. LIMITED
REGISTERED NUMBER: 01015499
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr R Smith
Director

Date: 12 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Holmbridge Engineering Co. Limited is a members limited liability company, incorporated in England and Wales. Its registered office is Brian Royd Business Centre, Saddleworth Road, Greetland, Halifax, HX4 8NF and registered number is 01015499.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. 

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 18).

Page 6

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment & leasehold improvements
Total

£
£
£
£



Cost or valuation


At 1 April 2022
831,973
12,150
32,411
876,534


Additions
192,535
-
1,729
194,264


Disposals
(108,199)
-
-
(108,199)



At 31 March 2023

916,309
12,150
34,140
962,599



Depreciation


At 1 April 2022
687,238
11,432
25,392
724,062


Charge for the year on owned assets
36,150
180
1,949
38,279


Disposals
(102,790)
-
-
(102,790)



At 31 March 2023

620,598
11,612
27,341
659,551



Net book value



At 31 March 2023
295,711
538
6,799
303,048



At 31 March 2022
144,735
718
7,019
152,472


5.


Intangible asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
255,387


Additions
253


Disposals
(61,604)


Revaluations
(9,730)



At 31 March 2023
184,306




Page 7

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
217,907
230,509

Other debtors
48,023
-

Prepayments and accrued income
1,734
1,402

267,664
231,911



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
135,457
96,884

135,457
96,884



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
187,459
99,933

Corporation tax
13,068
40,157

Other taxation and social security
11,413
23,849

Obligations under finance lease and hire purchase contracts
55,519
42,912

Other creditors
102,548
108,072

Accruals and deferred income
7,752
5,287

377,759
320,210


2023
2022
£
£

Other taxation and social security

PAYE/NI control
11,413
10,835

VAT control
-
13,014

11,413
23,849


Page 8

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
127,049
64,368

127,049
64,368



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
42,912

Between 1-5 years
-
21,456

-
64,368


11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
319,764
352,272




12.


Deferred taxation




2023


£






At beginning of year
(38,419)


Charged to the profit or loss
(37,081)



At end of year
(75,500)

Page 9

 
HOLMBRIDGE ENGINEERING CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(75,500)
(37,449)

Fair value movement on investments
-
(970)

(75,500)
(38,419)

 
Page 10