Company Registration No. 11834420 (England and Wales)
Howard Engineering Developments Limited
Unaudited accounts
for the year ended 28 February 2023
Howard Engineering Developments Limited
Unaudited accounts
Contents
Howard Engineering Developments Limited
Company Information
for the year ended 28 February 2023
Directors
T.Howard
Mrs L.Howard
Company Number
11834420 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts
EN8 7AN
United Kingdom
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Howard Engineering Developments Limited for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Howard Engineering Developments Limited for the year ended
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Howard Engineering Developments Limited, as a body, in accordance with the terms of our engagement letter dated 19 February 2019. Our work has been undertaken solely to prepare for your approval the accounts of Howard Engineering Developments Limited and state those matters that we have agreed to state to the Board of Directors of Howard Engineering Developments Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Howard Engineering Developments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Howard Engineering Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Howard Engineering Developments Limited. You consider that Howard Engineering Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Howard Engineering Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
26 October 2023
Howard Engineering Developments Limited
Statement of financial position
as at 28 February 2023
Tangible assets
13,548
17,580
Cash at bank and in hand
10,324
13,389
Creditors: amounts falling due within one year
(44,147)
(47,182)
Net current liabilities
(12,835)
(19,619)
Net assets/(liabilities)
713
(2,039)
Called up share capital
100
100
Profit and loss account
613
(2,139)
Shareholders' funds
713
(2,039)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by
T.Howard
Director
Company Registration No. 11834420
Howard Engineering Developments Limited
Notes to the Accounts
for the year ended 28 February 2023
Howard Engineering Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11834420. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 % straight line
Motor vehicles
20% straight line
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
19,031
10,645
29,676
At 28 February 2023
19,031
10,645
29,676
At 1 March 2022
5,709
6,387
12,096
Charge for the year
1,903
2,129
4,032
At 28 February 2023
7,612
8,516
16,128
At 28 February 2023
11,419
2,129
13,548
At 28 February 2022
13,322
4,258
17,580
Howard Engineering Developments Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
44,147
44,545
7
Transactions with related parties
The company was under the control of Mr T.Howard and Mrs L.Howard throughout the current period. Mr T.Howard And Mrs L.Howard are both personally in 50% of the company's issued share capital.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).