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REGISTERED NUMBER: 08186882 (England and Wales)















HURSTLEY ENGINEERING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






HURSTLEY ENGINEERING LTD (REGISTERED NUMBER: 08186882)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HURSTLEY ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C Thomas
Mrs S F Thomas





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 08186882 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

HURSTLEY ENGINEERING LTD (REGISTERED NUMBER: 08186882)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,616 10,770
8,616 10,770

CURRENT ASSETS
Stocks 7,350 12,350
Cash at bank - 12,676
7,350 25,026
CREDITORS
Amounts falling due within one year 6 6,877 24,687
NET CURRENT ASSETS 473 339
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,089

11,109

PROVISIONS FOR LIABILITIES 500 659
NET ASSETS 8,589 10,450

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 8,389 10,250
SHAREHOLDERS' FUNDS 8,589 10,450

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

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

HURSTLEY ENGINEERING LTD (REGISTERED NUMBER: 08186882)

BALANCE SHEET - continued
31 MARCH 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 14 March 2024 and were signed on its behalf by:





C Thomas - Director


HURSTLEY ENGINEERING LTD (REGISTERED NUMBER: 08186882)

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

1. STATUTORY INFORMATION

Hurstley Engineering 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Formation costs are being amortised evenly over their estimated useful life of nil years.

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 - 20% on reducing balance

Stocks
Stocks 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 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.

HURSTLEY ENGINEERING LTD (REGISTERED NUMBER: 08186882)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Formation
costs
£   
COST
At 1 April 2022
and 31 March 2023 179
AMORTISATION
At 1 April 2022
and 31 March 2023 179
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 25,322
DEPRECIATION
At 1 April 2022 14,552
Charge for year 2,154
At 31 March 2023 16,706
NET BOOK VALUE
At 31 March 2023 8,616
At 31 March 2022 10,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,698 21,182
VAT 446 1,217
Directors' current accounts 1,053 1,638
Accruals and deferred income 680 650
6,877 24,687

HURSTLEY ENGINEERING LTD (REGISTERED NUMBER: 08186882)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

8. RESERVES
Retained
earnings
£   

At 1 April 2022 10,250
Deficit for the year (1,861 )
At 31 March 2023 8,389

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
C Thomas
Balance outstanding at start of year 819 278
Amounts advanced (19,574 ) (8,400 )
Amounts repaid 19,282 8,941
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 527 819

Mrs S F Thomas
Balance outstanding at start of year 819 279
Amounts advanced (19,574 ) (8,400 )
Amounts repaid 19,281 8,940
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 526 819

The shareholders and directors of Hurstley Engineering Ltd are also partners in C and S F Thomas.

Sales invoiced to C and S F Thomas during the current financial period amounted to £18,000. (2022 - £14,000).