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REGISTERED NUMBER: 06632933 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

HDM Engineering Services Ltd

HDM Engineering Services Ltd (Registered number: 06632933)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HDM Engineering Services Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: T J McGlynn
A C C Dell
D P Howarth
Mrs J A Howarth
Mrs R McGlynn
Mrs L G Dell





REGISTERED OFFICE: Hollows Chapel
Shawclough Road
Rochdale
Lancashire
OL12 6LN





REGISTERED NUMBER: 06632933 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

HDM Engineering Services Ltd (Registered number: 06632933)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 125,303 130,184

CURRENT ASSETS
Inventories 5 294,001 267,531
Debtors 6 182,944 337,192
Cash at bank and in hand 404,519 431,395
881,464 1,036,118
CREDITORS
Amounts falling due within one year 7 393,588 400,290
NET CURRENT ASSETS 487,876 635,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,179

766,012

CREDITORS
Amounts falling due after more than
one year

8

(30,465

)

(40,465

)

PROVISIONS FOR LIABILITIES 9 (22,671 ) (23,683 )
NET ASSETS 560,043 701,864

HDM Engineering Services Ltd (Registered number: 06632933)

Statement of Financial Position - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 559,893 701,714
SHAREHOLDERS' FUNDS 560,043 701,864

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.

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 22 February 2024 and were signed on its behalf by:





A C C Dell - Director


HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

HDM Engineering Services Ltd 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
Revenue 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.
Improvements to building - 5% on reducing balance
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories 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 statement of financial position date.


HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 17 (2022 - 16 ) .

HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Improvements
to to Plant and
building property machinery
£    £    £   
COST
At 1 July 2022 7,202 29,298 140,659
Additions - - 9,963
Disposals - - (2,940 )
At 30 June 2023 7,202 29,298 147,682
DEPRECIATION
At 1 July 2022 3,618 22,987 57,678
Charge for year 538 947 14,114
Eliminated on disposal - - (4,404 )
At 30 June 2023 4,156 23,934 67,388
NET BOOK VALUE
At 30 June 2023 3,046 5,364 80,294
At 30 June 2022 3,584 6,311 82,981

HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 34,191 54,896 10,348 276,594
Additions - 832 4,553 15,348
Disposals - - (5,716 ) (8,656 )
At 30 June 2023 34,191 55,728 9,185 283,286
DEPRECIATION
At 1 July 2022 14,193 45,084 2,850 146,410
Charge for year 2,999 (4,526 ) 1,905 15,977
Eliminated on disposal - - - (4,404 )
At 30 June 2023 17,192 40,558 4,755 157,983
NET BOOK VALUE
At 30 June 2023 16,999 15,170 4,430 125,303
At 30 June 2022 19,998 9,812 7,498 130,184

5. INVENTORIES
30.6.23 30.6.22
£    £   
Stocks 128,201 192,431
Work-in-progress 165,800 75,100
294,001 267,531

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.23 30.6.22
£    £   
Trade debtors 125,263 316,726
Prepayments and accrued income 57,681 20,466
182,944 337,192

HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 3,339 3,730
Trade creditors 99,060 139,239
Tax 4,987 2,198
Social security and other taxes 6,141 9,163
VAT 44,262 32,184
Other creditors 22,745 27,728
Directors' loan accounts 207,365 183,328
Accrued expenses 5,689 2,720
393,588 400,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 21,297 21,297
Bank loans - 2-5 years 9,168 19,168
30,465 40,465

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 22,671 23,683

Deferred
tax
£   
Balance at 1 July 2022 23,683
Provided during year (1,012 )
Balance at 30 June 2023 22,671