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REGISTERED NUMBER: 09883856 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Howard Pullen Machinery Ltd

Howard Pullen Machinery Ltd (Registered number: 09883856)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Howard Pullen Machinery Ltd (Registered number: 09883856)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,011 10,950

Current assets
Stocks 58,500 55,150
Debtors 5 22,350 133,238
Cash at bank and in hand 221,028 221,626
301,878 410,014
Creditors
Amounts falling due within one year 6 106,038 179,079
Net current assets 195,840 230,935
Total assets less current liabilities 203,851 241,885

Provisions for liabilities 1,185 1,868
Net assets 202,666 240,017

Capital and reserves
Called up share capital 7 10,000 10,000
Retained earnings 192,666 230,017
Shareholders' funds 202,666 240,017

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

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

Howard Pullen Machinery Ltd (Registered number: 09883856)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





H J H Pullen - Director


Howard Pullen Machinery Ltd (Registered number: 09883856)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Howard Pullen Machinery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09883856

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for goods supplied, stated net of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initialled stated at cost which includes costs directly attributable to making the asset capable of operating as intended, less accumulated depreciation and impairments.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Howard Pullen Machinery Ltd (Registered number: 09883856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 - NIL).

Howard Pullen Machinery Ltd (Registered number: 09883856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023
and 31 December 2023 2,008 17,583 1,532 21,123
Depreciation
At 1 January 2023 1,533 7,693 947 10,173
Charge for year 119 2,472 348 2,939
At 31 December 2023 1,652 10,165 1,295 13,112
Net book value
At 31 December 2023 356 7,418 237 8,011
At 31 December 2022 475 9,890 585 10,950

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 22,350 125,186
Other debtors - 8,052
22,350 133,238

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 5,782 144,297
Taxation and social security 12,471 25,511
Other creditors 87,785 9,271
106,038 179,079

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
7,500 Ordinary A £1 7,500 7,500
2,500 Ordinary B £1 2,500 2,500
10,000 10,000

Howard Pullen Machinery Ltd (Registered number: 09883856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. Related party disclosures

Creditors include a balances of £43,007 (2022: £4,007) owed to a shareholder and £42,052 (2022: £2,740) owed to the director.