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REGISTERED NUMBER: 05387021 (England and Wales)















Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 31 March 2023

for

Allan J Hargreaves Plant Engineers
Limited

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Statement of Directors' Responsibilities 5

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14

Reconciliation of Equity 21

Reconciliation of Profit 23


Allan J Hargreaves Plant Engineers
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A J Hargreaves
Mrs R M Hargreaves
P J Hargreaves
P A Hargreaves





REGISTERED OFFICE: Longmeadow Lane
Redmarsh Industrial Estate
Thornton Cleveleys
FY5 4JT





REGISTERED NUMBER: 05387021 (England and Wales)





AUDITORS: JNB Accountancy Limited
Trident Business Centre
Amy Johnson Way
Blackpool
Lancashire
FY4 2RP

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Strategic Report
for the Year Ended 31 March 2023

The directors present their strategic report for the year ended 31 March 2023.

REVIEW OF BUSINESS
Business is generally good, there are plenty of new opportunities with existing and new clients as a result we expect to continue to grow over the next 12 months
Staffing levels have increased over the last 12 months as the business has grown, along with developing the management team which will allow for future growth.

PRINCIPAL RISKS AND UNCERTAINTIES
We are coming to the end of the Network Rail 5 year financial control period and as a result some Network Rail budgets are being cut and it is not clear when the work bank for the next control period will get going. High levels of inflation are having an effect on contracts, which needs to be closely managed. Higher interest rates have also increased the cost of borrowing so could affect customer spending on larger capital investments such as new machines. Finding the right staff to allow the business to grow is also a key uncertainty and risk to growth.

ON BEHALF OF THE BOARD:





P J Hargreaves - Director


27 October 2023

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of engineers.

DIVIDENDS
Interim dividends per share were paid as follows:
7626.25 - 20 April 2022
7626.25 - 20 May 2022
7626.25 - 20 June 2022
7626.25 - 20 July 2022
7626.25 - 20 August 2022
7626.25 - 20 September 2022
7626.25 - 20 October 2022
7626.25 - 20 November 2022
7626.25 - 20 December 2022
7626.25 - 20 January 2023
7626.25 - 20 February 2023
7626.25 - 20 March 2023
£91,515

The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2023 will be £ 91,515 .

RESEARCH AND DEVELOPMENT
We are committed to spending on Research and Development and strive to be leaders in the industry. Developing new innovative products is key to maintaining a competitive edge in the Rail industry.

FUTURE DEVELOPMENTS
We will continue to grow over the coming 12 months while focusing on finding efficiencies to help offset some of the cost challenges, some of this will be through new equipment and tools or adapting processes.

DIRECTORS
P J Hargreaves has held office during the whole of the period from 1 April 2022 to the date of this report.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Report of the Directors
for the Year Ended 31 March 2023


AUDITORS
The auditors, JNB Accountancy Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





P J Hargreaves - Director


27 October 2023

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Statement of Directors' Responsibilities
for the Year Ended 31 March 2023

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Report of the Independent Auditors to the Members of
Allan J Hargreaves Plant Engineers
Limited

Opinion
We have audited the financial statements of Allan J Hargreaves Plant Engineers Limited (the 'company') for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Allan J Hargreaves Plant Engineers
Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Report of the Directors and the Statement of Directors' Responsibilities, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Allan J Hargreaves Plant Engineers
Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

•we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the computer component manufacturing and supply sector;

•we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental (including Waste Electrical and Electronic Equipment recycling (WEEE) Regulations 2013) and health and safety legislation;

•we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

•identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

•considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

•performed analytical procedures to identify any unusual or unexpected relationships;

•tested journal entries to identify unusual transactions;

•assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and


Report of the Independent Auditors to the Members of
Allan J Hargreaves Plant Engineers
Limited

•investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•agreeing financial statement disclosures to underlying supporting documentation;

•reading the minutes of meetings of those charged with governance;

•enquiring of management as to actual and potential litigation and claims; and

•reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company’s legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Joseph Nathan Bannister FCCA (Senior Statutory Auditor)
for and on behalf of JNB Accountancy Limited
Trident Business Centre
Amy Johnson Way
Blackpool
Lancashire
FY4 2RP

27 October 2023

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 8,550,130 6,786,049

Cost of sales (4,138,151 ) (3,279,315 )
GROSS PROFIT 4,411,979 3,506,734

Administrative expenses (3,142,008 ) (2,565,416 )
1,269,971 941,318

Other operating income 14,740 14,640
Gain/loss on revaluation of
investment property

19,437

-
OPERATING PROFIT 4 1,304,148 955,958

Interest receivable and similar
income

1,733

235
1,305,881 956,193

Interest payable and similar
expenses

5

(527

)

-
PROFIT BEFORE TAXATION 1,305,354 956,193

Tax on profit 6 (87,762 ) (44,721 )
PROFIT FOR THE FINANCIAL
YEAR

1,217,592

911,472

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Other Comprehensive Income
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

PROFIT FOR THE YEAR 1,217,592 911,472


OTHER COMPREHENSIVE INCOME
Freehold property revaluation 8,665 -
Income tax relating to other
comprehensive income

(1,646

)

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME
TAX


7,019


-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,224,611

911,472

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 8 2,077,034 2,119,984
Investment property 9 194,437 -
2,271,471 2,119,984

CURRENT ASSETS
Stocks 10 1,828,317 1,286,071
Debtors 11 1,148,564 1,227,924
Cash at bank and in hand 3,372,488 2,705,746
6,349,369 5,219,741
CREDITORS
Amounts falling due within one year 12 (1,408,512 ) (1,314,698 )
NET CURRENT ASSETS 4,940,857 3,905,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,212,328

6,025,027

CREDITORS
Amounts falling due after more than
one year

13

(30,732

)

-

PROVISIONS FOR LIABILITIES 16 (23,473 ) -
NET ASSETS 7,158,123 6,025,027

CAPITAL AND RESERVES
Called up share capital 17 100 100
Revaluation reserve 18 7,019 -
Retained earnings 18 7,151,004 6,024,927
SHAREHOLDERS' FUNDS 7,158,123 6,025,027

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





P J Hargreaves - Director


Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Statement of Changes in Equity
for the Year Ended 31 March 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 April 2021 100 5,230,873 - 5,230,973

Changes in equity
Dividends - (117,418 ) - (117,418 )
Total comprehensive income - 911,472 - 911,472
Balance at 31 March 2022 100 6,024,927 - 6,025,027

Changes in equity
Dividends - (91,515 ) - (91,515 )
Total comprehensive income - 1,217,592 7,019 1,224,611
Balance at 31 March 2023 100 7,151,004 7,019 7,158,123

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

1. STATUTORY INFORMATION

Allan J Hargreaves Plant Engineers Limited 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv),
11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirement of paragraph 33.7;
the requirements of paragraph 24(b) of IFRS 6.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS
31.3.23 31.3.22
£    £   
Wages and salaries 2,377,671 1,968,748

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.3.23 31.3.22

Manufacturing 50 45
Administrative 15 11
65 56

31.3.23 31.3.22
£    £   
Directors' remuneration 135,802 125,831

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Hire of plant and machinery 12,340 5,987
Depreciation - owned assets 165,305 119,660
Profit on disposal of fixed assets (10,145 ) -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.23 31.3.22
£    £   
Hire purchase 527 -

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.23 31.3.22
£    £   
Current tax:
UK corporation tax 142,981 130,530
Research & Development claims (78,692 ) (85,809 )
Total current tax 64,289 44,721

Deferred tax 23,473 -
Tax on profit 87,762 44,721

UK corporation tax has been charged at 19% (2022 - 19%).

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

6. TAXATION - continued

Tax effects relating to effects of other comprehensive income

31.3.23
Gross Tax Net
£    £    £   
Freehold property revaluation 8,665 (1,646 ) 7,019

7. DIVIDENDS
31.3.23 31.3.22
£    £   
Ordinary shares of 1 each
Interim 91,515 117,418

8. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 1,761,004 673,205 234,684 2,668,893
Additions 132,540 111,487 49,747 293,774
Disposals - (583 ) (40,100 ) (40,683 )
Revaluations 7,019 - - 7,019
Transfer to ownership (175,000 ) - - (175,000 )
At 31 March 2023 1,725,563 784,109 244,331 2,754,003
DEPRECIATION
At 1 April 2022 - 380,897 168,012 548,909
Charge for year 36,111 100,803 28,391 165,305
Eliminated on disposal - - (37,245 ) (37,245 )
At 31 March 2023 36,111 481,700 159,158 676,969
NET BOOK VALUE
At 31 March 2023 1,689,452 302,409 85,173 2,077,034
At 31 March 2022 1,761,004 292,308 66,672 2,119,984

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

8. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2023 7,019 - - 7,019
Cost 1,718,544 784,109 244,331 2,746,984
1,725,563 784,109 244,331 2,754,003

9. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 19,437
Transfer to ownership 175,000
At 31 March 2023 194,437
NET BOOK VALUE
At 31 March 2023 194,437

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 19,437
Cost 175,000
194,437

10. STOCKS
31.3.23 31.3.22
£    £   
Stocks 1,200,751 850,000
Work-in-progress 627,566 436,071
1,828,317 1,286,071

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,148,564 1,226,630
Other debtors - 1,294
1,148,564 1,227,924

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 289,010 429,676
Tax 142,981 130,530
Social security and other taxes 60,141 57,829
VAT 371,595 234,400
Other creditors 92,270 69,404
Creditors - deposits held on account 446,150 367,988
Directors' loan accounts 6,365 24,871
1,408,512 1,314,698

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Finance leases (see note 14) 30,732 -

14. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.3.23 31.3.22
£    £   
Net obligations repayable:
Between one and five years 30,732 -

15. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Finance leases 30,732 -

Hire purchase and lease liabilities are secured on the assets to which they relate.

16. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 23,473 -

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

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

16. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 23,473
Balance at 31 March 2023 23,473

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1 100 100

18. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 6,024,927 - 6,024,927
Profit for the year 1,217,592 1,217,592
Dividends (91,515 ) (91,515 )
Freehold Property - 7,019 7,019
At 31 March 2023 7,151,004 7,019 7,158,023

19. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P J Hargreaves.

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Reconciliation of Equity
1 April 2021
(Date of Transition to FRS 102)

Effect of
UK transition
GAAP to FRS 102 FRS 102
£    £    £   
FIXED ASSETS
Tangible assets 1,523,469 - 1,523,469
CURRENT ASSETS
Stocks 1,043,856 - 1,043,856
Debtors 1,186,749 - 1,186,749
Cash at bank and in hand 2,439,921 - 2,439,921
4,670,526 - 4,670,526
CREDITORS
Amounts falling due within one year (963,022 ) - (963,022 )
NET CURRENT ASSETS 3,707,504 - 3,707,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,230,973

-

5,230,973
NET ASSETS 5,230,973 - 5,230,973
CAPITAL AND RESERVES
Called up share capital 100 - 100
Retained earnings 5,230,873 - 5,230,873
SHAREHOLDERS' FUNDS 5,230,973 - 5,230,973

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Reconciliation of Equity - continued
31 March 2022

Effect of
UK transition
GAAP to FRS 102 FRS 102
£    £    £   
FIXED ASSETS
Tangible assets 1,523,469 596,515 2,119,984
CURRENT ASSETS
Stocks 1,043,856 242,215 1,286,071
Debtors 1,186,749 41,175 1,227,924
Cash at bank and in hand 2,439,921 265,825 2,705,746
4,670,526 549,215 5,219,741
CREDITORS
Amounts falling due within one year (963,022 ) (351,676 ) (1,314,698 )
NET CURRENT ASSETS 3,707,504 197,539 3,905,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,230,973

794,054

6,025,027
NET ASSETS 5,230,973 794,054 6,025,027
CAPITAL AND RESERVES
Called up share capital 100 - 100
Retained earnings 5,230,873 794,054 6,024,927
SHAREHOLDERS' FUNDS 5,230,973 794,054 6,025,027

Allan J Hargreaves Plant Engineers
Limited (Registered number: 05387021)

Reconciliation of Profit
for the Year Ended 31 March 2022

Effect of
UK transition
GAAP to FRS 102 FRS 102
£    £    £   
TURNOVER 5,279,233 1,506,816 6,786,049

Cost of sales (2,595,036 ) (684,279 ) (3,279,315 )
GROSS PROFIT 2,684,197 822,537 3,506,734
Administrative expenses (2,026,613 ) (538,803 ) (2,565,416 )
Other operating income 127,879 (113,239 ) 14,640

OPERATING PROFIT 785,463 170,495 955,958
Interest receivable and similar
income

1,366

(1,131

)

235
PROFIT BEFORE TAXATION 786,829 169,364 956,193
Tax on profit (94,120 ) 49,399 (44,721 )
PROFIT FOR THE FINANCIAL
YEAR

692,709

218,763

911,472