IRIS Accounts Production v23.3.0.418 02219929 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022199292022-05-31022199292023-05-31022199292022-06-012023-05-31022199292021-05-31022199292021-06-012022-05-31022199292022-05-3102219929ns10:Originalns15:EnglandWales2022-06-012023-05-3102219929ns14:PoundSterlingns10:Original2022-06-012023-05-3102219929ns10:Originalns10:Director12022-06-012023-05-3102219929ns10:Original2022-06-012023-05-3102219929ns10:Original2023-05-3102219929ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3102219929ns10:Originalns10:SmallEntities2022-06-012023-05-3102219929ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3102219929ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102219929ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3102219929ns10:Originalns10:FullAccounts2022-06-012023-05-3102219929ns10:CompanySecretary1ns10:Original2022-06-012023-05-3102219929ns10:Originalns10:RegisteredOffice2022-06-012023-05-3102219929ns10:Original2022-05-3102219929ns10:Originalns5:CurrentFinancialInstruments2023-05-3102219929ns10:Originalns5:CurrentFinancialInstruments2022-05-3102219929ns10:Originalns5:Non-currentFinancialInstruments2023-05-3102219929ns10:Originalns5:Non-currentFinancialInstruments2022-05-3102219929ns5:ShareCapitalns10:Original2023-05-3102219929ns5:ShareCapitalns10:Original2022-05-3102219929ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3102219929ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3102219929ns10:Originalns5:PlantMachinery2022-06-012023-05-3102219929ns10:Original2021-06-012022-05-3102219929ns10:Originalns5:PlantMachinery2022-05-3102219929ns10:Originalns5:MotorVehicles2022-05-3102219929ns10:Original2022-05-3102219929ns10:Originalns5:MotorVehicles2022-06-012023-05-3102219929ns10:Originalns5:PlantMachinery2023-05-3102219929ns10:Originalns5:MotorVehicles2023-05-3102219929ns10:Originalns5:PlantMachinery2022-05-3102219929ns10:Originalns5:MotorVehicles2022-05-3102219929ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3102219929ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 02219929 (England and Wales)















SYSTEM 'H' ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023






SYSTEM 'H' ENGINEERING LIMITED (REGISTERED NUMBER: 02219929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYSTEM 'H' ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: S Hirst





SECRETARY: S Hirst





REGISTERED OFFICE: L3 Gate 4
Meltham Mills Industrial Estate
Meltham
Holmfirth
HD9 4DS





REGISTERED NUMBER: 02219929 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

SYSTEM 'H' ENGINEERING LIMITED (REGISTERED NUMBER: 02219929)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,215 26,920

CURRENT ASSETS
Stocks 137,254 93,892
Debtors 5 73,125 62,350
Cash at bank 151,629 145,483
362,008 301,725
CREDITORS
Amounts falling due within one year 6 103,329 64,385
NET CURRENT ASSETS 258,679 237,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,894

264,260

CREDITORS
Amounts falling due after more than one year 7 - 5,643
NET ASSETS 302,894 258,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 302,794 258,517
302,894 258,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SYSTEM 'H' ENGINEERING LIMITED (REGISTERED NUMBER: 02219929)

BALANCE SHEET - continued
31 MAY 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 20 February 2024 and were signed by:





S Hirst - Director


SYSTEM 'H' ENGINEERING LIMITED (REGISTERED NUMBER: 02219929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

System 'H' Engineering 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" 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SYSTEM 'H' ENGINEERING LIMITED (REGISTERED NUMBER: 02219929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 122,950 31,500 154,450
Additions 2,140 47,610 49,750
Disposals - (31,500 ) (31,500 )
At 31 May 2023 125,090 47,610 172,700
DEPRECIATION
At 1 June 2022 113,749 13,781 127,530
Charge for year 2,834 11,902 14,736
Eliminated on disposal - (13,781 ) (13,781 )
At 31 May 2023 116,583 11,902 128,485
NET BOOK VALUE
At 31 May 2023 8,507 35,708 44,215
At 31 May 2022 9,201 17,719 26,920

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,839 45,001
Other debtors 14,286 17,349
73,125 62,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 5,643
Trade creditors 55,756 25,947
Taxation and social security 20,067 24,896
Other creditors 27,506 7,899
103,329 64,385

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 5,643