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REGISTERED NUMBER: 00544326 (England and Wales)










HEADLAND ENGINEERING DEVELOPMENTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






HEADLAND ENGINEERING DEVELOPMENTS LTD (REGISTERED NUMBER: 00544326)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

HEADLAND ENGINEERING DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A J T Nielsen





REGISTERED OFFICE: Unit 3 Seven Stars Business Centre
100 Seven Stars Road
Oldbury
West Midlands
B69 4JS





REGISTERED NUMBER: 00544326 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

HEADLAND ENGINEERING DEVELOPMENTS LTD (REGISTERED NUMBER: 00544326)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,407 4,109
Investments 5 251 251
4,658 4,360

CURRENT ASSETS
Stocks 6 40,262 31,577
Debtors 7 32,254 82,713
Cash at bank and in hand 32,815 132,072
105,331 246,362
CREDITORS
Amounts falling due within one year 8 109,870 217,490
NET CURRENT (LIABILITIES)/ASSETS (4,539 ) 28,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

119

33,232

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 19 33,132
SHAREHOLDERS' FUNDS 119 33,232

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 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:



A J T Nielsen - Director


HEADLAND ENGINEERING DEVELOPMENTS LTD (REGISTERED NUMBER: 00544326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Headland Engineering Developments 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.

The presentation 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 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 property - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

HEADLAND ENGINEERING DEVELOPMENTS LTD (REGISTERED NUMBER: 00544326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 22,356 15,440 14,027 51,823
Additions - 280 550 830
At 30 June 2023 22,356 15,720 14,577 52,653
DEPRECIATION
At 1 July 2022 22,356 12,005 13,353 47,714
Charge for year - 282 250 532
At 30 June 2023 22,356 12,287 13,603 48,246
NET BOOK VALUE
At 30 June 2023 - 3,433 974 4,407
At 30 June 2022 - 3,435 674 4,109

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 251
NET BOOK VALUE
At 30 June 2023 251
At 30 June 2022 251

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 40,262 31,577

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 18,734 65,324
Other debtors 13,520 17,389
32,254 82,713

HEADLAND ENGINEERING DEVELOPMENTS LTD (REGISTERED NUMBER: 00544326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 677 680
Trade creditors 22,875 21,125
Tax 456 16,544
Social security and other taxes 723 725
VAT - 17,882
Other creditors 504 504
Directors' loan accounts 81,946 157,341
Accrued expenses 2,689 2,689
109,870 217,490

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2022 33,132
Profit for the year 2,887
Dividends (36,000 )
At 30 June 2023 19

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within the creditors, are monies owed to the director amounting to £81,946, (2022: £157,341). This amount is not interest bearing and there is no fixed date of repayment.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J T Nielsen.

Company is controlled by Mr AJT Nielsen and Mrs JM Nielsen by virtue of their joint shareholdings.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HEADLAND ENGINEERING DEVELOPMENTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Headland Engineering Developments Ltd for the year ended 30 June 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Headland Engineering Developments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Headland Engineering Developments Ltd and state those matters that we have agreed to state to the director of Headland Engineering Developments Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Headland Engineering Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Headland Engineering Developments Ltd. You consider that Headland Engineering Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Headland Engineering Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB


Date: .............................................