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REGISTERED NUMBER: 03499279















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Hadfield Cnc & Electronics Co. Ltd.

Hadfield Cnc & Electronics Co. Ltd. (Registered number: 03499279)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hadfield Cnc & Electronics Co. Ltd.

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M L Hadfield





SECRETARY: Mrs J Kimberley





REGISTERED OFFICE: Tuxford House
Ollerton Road
Tuxford
Nottinghamshire
NG22 0PQ





REGISTERED NUMBER: 03499279





ACCOUNTANTS: Phillips, Cross & Co Limited
15 Valley Road
Simmondley
Glossop
Derbyshire
SK13 6YN

Hadfield Cnc & Electronics Co. Ltd. (Registered number: 03499279)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 505,928 543,873

CURRENT ASSETS
Stocks 534,000 560,000
Debtors 5 45,199 12,562
Cash at bank 92 92
579,291 572,654
CREDITORS
Amounts falling due within one year 6 375,400 395,270
NET CURRENT ASSETS 203,891 177,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,819

721,257

CREDITORS
Amounts falling due after more than one year 7 (84,636 ) (132,606 )

PROVISIONS FOR LIABILITIES (88,902 ) (96,621 )
NET ASSETS 536,281 492,030

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 536,279 492,028
SHAREHOLDERS' FUNDS 536,281 492,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Hadfield Cnc & Electronics Co. Ltd. (Registered number: 03499279)

Balance Sheet - continued
28 February 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 15 November 2023 and were signed by:





M L Hadfield - Director


Hadfield Cnc & Electronics Co. Ltd. (Registered number: 03499279)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Hadfield Cnc & Electronics Co. Ltd. is a private company, limited by shares , registered in Not specified/Other. 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 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 each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

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

Hadfield Cnc & Electronics Co. Ltd. (Registered number: 03499279)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 1,080,668
DEPRECIATION
At 1 March 2022 536,795
Charge for year 37,945
At 28 February 2023 574,740
NET BOOK VALUE
At 28 February 2023 505,928
At 28 February 2022 543,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 45,199 5,071
Other debtors - 7,491
45,199 12,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 93,238 78,311
Trade creditors 34,525 20,326
Taxation and social security 65,880 40,867
Other creditors 181,757 255,766
375,400 395,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 84,636 132,606