Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31182022-04-01falseOther construction installation18truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03946902 2022-04-01 2023-03-31 03946902 2021-04-01 2022-03-31 03946902 2023-03-31 03946902 2022-03-31 03946902 2021-04-01 03946902 c:Director1 2022-04-01 2023-03-31 03946902 c:Director2 2022-04-01 2023-03-31 03946902 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 03946902 d:OtherPropertyPlantEquipment 2023-03-31 03946902 d:OtherPropertyPlantEquipment 2022-03-31 03946902 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03946902 d:CurrentFinancialInstruments 2023-03-31 03946902 d:CurrentFinancialInstruments 2022-03-31 03946902 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03946902 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03946902 d:ShareCapital 2023-03-31 03946902 d:ShareCapital 2022-03-31 03946902 d:RetainedEarningsAccumulatedLosses 2023-03-31 03946902 d:RetainedEarningsAccumulatedLosses 2022-03-31 03946902 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-04-01 2023-03-31 03946902 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 03946902 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2022-04-01 2023-03-31 03946902 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-03-31 03946902 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03946902 c:OrdinaryShareClass1 2023-03-31 03946902 c:OrdinaryShareClass1 2022-03-31 03946902 c:FRS102 2022-04-01 2023-03-31 03946902 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03946902 c:FullAccounts 2022-04-01 2023-03-31 03946902 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03946902 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03946902 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03946902









HARTMAN ENGINEERING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HARTMAN ENGINEERING LIMITED
REGISTERED NUMBER: 03946902

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
                                                                        Note
£
£

Fixed assets
  

Tangible assets
 4 
83,434
85,688

Current assets
  

Stocks
 5 
33,566
33,566

Debtors: amounts falling due within one year
 6 
352,537
374,236

Cash at bank and in hand
 7 
123,690
63,351

  
509,793
471,153

Creditors: amounts falling due within one year
 8 
(269,653)
(360,072)

Net current assets
  
 
 
240,140
 
 
111,081

Total assets less current liabilities
  
323,574
196,769

Provisions for liabilities
  

Deferred tax
 9 
(19,316)
(16,119)

Other provisions
 10 
(25,000)
-

Net assets
  
279,258
180,650


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
279,256
180,648

  
279,258
180,650


Page 1

 
HARTMAN ENGINEERING LIMITED
REGISTERED NUMBER: 03946902
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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.

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: 



B Hartley Esq
G Mantell Esq
Director
Director


Date: 13 October 2023


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hartman Engineering Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The company's principal activity is that of lift carriage manufacture and refurbishment, both of standard and bespoke design.

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

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

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.

 
2.6

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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

  
2.7

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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.8

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.

Page 4

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Fixed Assets
-
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.

  
2.9

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 (FIFO) basis. Work in progress and finished goods include labour.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

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 reporting 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 Statement of Financial Position.

 
2.14

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.

  
2.15

Warranty provision

Provision is made for claims under warranties given by the company for some of its products. The provision is based on an assessment of future claims with reference to past experience. Such costs are generally incurred within one to two years post sale and are included within other creditors and accruals.


3.


Employees

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

Page 6

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixed assets

£



Cost or valuation


At 1 April 2022
278,594


Additions
21,811



At 31 March 2023

300,405



Depreciation


At 1 April 2022
192,906


Charge for the year on owned assets
24,065



At 31 March 2023

216,971



Net book value



At 31 March 2023
83,434



At 31 March 2022
85,688


5.


Stocks

2023
2022
£
£

Raw materials and consumables
33,566
33,566

33,566
33,566



6.


Debtors

2023
2022
£
£


Trade debtors
260,092
262,596

Other debtors
92,445
110,815

Prepayments and accrued income
-
825

352,537
374,236


Page 7

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
123,690
63,351

123,690
63,351



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
74,619
107,461

Amounts owed to group undertakings
49,300
53,328

Other taxation and social security
16,254
16,679

Obligations under finance lease and hire purchase contracts
-
2,669

Other creditors
120,855
133,281

Accruals and deferred income
8,625
46,654

269,653
360,072


Secured loans
Net obligations relating to hire purchase contracts amounting to £Nil (2022 - £2,669) are secured against the assets to which they relates.


9.


Deferred taxation




2023
2022


£

£






At beginning of year
(16,119)
(13,652)


(Charged)/credited to profit or loss
(3,197)
(2,467)



At end of year
(19,316)
(16,119)

Page 8

 
HARTMAN ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(19,316)
(16,119)

(19,316)
(16,119)


10.


Provisions




Dilapidation provision
Warranty provision
Total

£
£
£





Transferred from accruals
10,000
15,000
25,000



At 31 March 2023
10,000
15,000
25,000


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



12.


Pension commitments

The company operates a defined contribution pension scheme. Outstanding contributions at the year end amounted to £4,913 (2022: £4,517).


13.


Related party transactions

During the year the company paid rent of £42,900 (2022: £42,900) to Hartman Engineering (Properties) LLP, an entity in which two of the directors are members.

 
Page 9