IRIS Accounts Production v23.3.1.45 02139203 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Voting A 1.00000 Nonvoting B 100.00000 1.00000 100.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021392032022-06-30021392032023-06-30021392032022-07-012023-06-30021392032021-06-30021392032021-07-012022-06-30021392032022-06-3002139203ns10:Originalns15:EnglandWales2022-07-012023-06-3002139203ns14:PoundSterlingns10:Original2022-07-012023-06-3002139203ns10:Originalns10:Director12022-07-012023-06-3002139203ns10:Original2022-07-012023-06-3002139203ns10:Original2023-06-3002139203ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002139203ns10:Originalns10:SmallEntities2022-07-012023-06-3002139203ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3002139203ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002139203ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002139203ns10:Originalns10:FullAccounts2022-07-012023-06-3002139203ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3002139203ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3002139203ns10:Originalns10:OrdinaryShareClass112022-07-012023-06-30021392032ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3002139203ns10:Originalns10:Director22022-07-012023-06-3002139203ns10:Originalns10:Director42022-07-012023-06-3002139203ns10:Originalns10:Director52022-07-012023-06-3002139203ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002139203ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002139203ns10:Original2022-06-3002139203ns10:Originalns5:CurrentFinancialInstruments2023-06-3002139203ns10:Originalns5:CurrentFinancialInstruments2022-06-3002139203ns10:Originalns5:Non-currentFinancialInstruments2023-06-3002139203ns10:Originalns5:Non-currentFinancialInstruments2022-06-3002139203ns5:ShareCapitalns10:Original2023-06-3002139203ns5:ShareCapitalns10:Original2022-06-3002139203ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002139203ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002139203ns10:Originalns5:PlantMachinery2022-07-012023-06-3002139203ns10:Originalns5:FurnitureFittings2022-07-012023-06-3002139203ns10:Original2021-07-012022-06-3002139203ns10:Originalns5:PlantMachinery2022-06-3002139203ns10:Originalns5:FurnitureFittings2022-06-3002139203ns10:Original2022-06-3002139203ns10:Originalns5:PlantMachinery2023-06-3002139203ns10:Originalns5:FurnitureFittings2023-06-3002139203ns10:Originalns5:PlantMachinery2022-06-3002139203ns10:Originalns5:FurnitureFittings2022-06-3002139203ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002139203ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3002139203ns10:Originalns10:OrdinaryShareClass12023-06-3002139203ns10:Originalns10:OrdinaryShareClass22023-06-30
REGISTERED NUMBER: 02139203 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

HASTINGS DIESELS LIMITED

HASTINGS DIESELS LIMITED (REGISTERED NUMBER: 02139203)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HASTINGS DIESELS LIMITED

Company Information
for the year ended 30 June 2023







DIRECTORS: J White
F N Wallace
A R King
A G Tompkins





SECRETARY: F N Wallace





REGISTERED OFFICE: The Railway Depot
Bridgeway
St Leonards on Sea
East Sussex
TN38 8AP





REGISTERED NUMBER: 02139203 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HASTINGS DIESELS LIMITED (REGISTERED NUMBER: 02139203)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,345 -

CURRENT ASSETS
Debtors 5 2,874 1,325
Cash at bank 71,006 119,876
73,880 121,201
CREDITORS
Amounts falling due within one year 6 (9,952 ) (21,423 )
NET CURRENT ASSETS 63,928 99,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,273

99,778

CREDITORS
Amounts falling due after more than one
year

7

(1,131

)

(1,151

)
NET ASSETS 89,142 98,627

CAPITAL AND RESERVES
Called up share capital 8 148,934 145,532
Retained earnings (59,792 ) (46,905 )
SHAREHOLDERS' FUNDS 89,142 98,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HASTINGS DIESELS LIMITED (REGISTERED NUMBER: 02139203)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





J White - Director


HASTINGS DIESELS LIMITED (REGISTERED NUMBER: 02139203)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Hastings Diesels Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

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 represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of rail transport repairs and maintenance services is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Rolling stock - straight line over 5 years
Plant and equipment - straight line over 5 years

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

HASTINGS DIESELS LIMITED (REGISTERED NUMBER: 02139203)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Rolling Plant and
stock equipment Totals
£    £    £   
COST
At 1 July 2022 73,219 4,587 77,806
Additions 26,345 - 26,345
At 30 June 2023 99,564 4,587 104,151
DEPRECIATION
At 1 July 2022
and 30 June 2023 73,219 4,587 77,806
NET BOOK VALUE
At 30 June 2023 26,345 - 26,345
At 30 June 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,874 1,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 9,952 21,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,131 1,151

HASTINGS DIESELS LIMITED (REGISTERED NUMBER: 02139203)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
234 Voting A £1 234 232
(2022 - 232 )
1,487 Nonvoting B £100 148,700 145,300
148,934 145,532

The following shares were issued during the year for cash at par :

2 Voting A shares of £1
34 Nonvoting B shares of £100