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REGISTERED NUMBER: 06558894 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

HSP Consulting Engineers Limited

HSP Consulting Engineers Limited (Registered number: 06558894)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSP Consulting Engineers Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: H S Pratt
L A Baker
P R Daykin
N M T Beecham
M J Stratford





REGISTERED OFFICE: Lawrence House
6 Meadowbank Way
Eastwood
Nottingham
Nottinghamshire
NG16 3SB





REGISTERED NUMBER: 06558894 (England and Wales)

HSP Consulting Engineers Limited (Registered number: 06558894)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,078 65,370
69,078 65,370

CURRENT ASSETS
Stocks 124,036 94,315
Debtors 6 2,223,339 1,959,355
Cash at bank and in hand 189,156 387,510
2,536,531 2,441,180
CREDITORS
Amounts falling due within one year 7 1,232,972 1,307,070
NET CURRENT ASSETS 1,303,559 1,134,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,372,637

1,199,480

CREDITORS
Amounts falling due after more than one
year

8

(75,000

)

(120,000

)

PROVISIONS FOR LIABILITIES (14,882 ) (14,119 )
NET ASSETS 1,282,755 1,065,361

CAPITAL AND RESERVES
Called up share capital 10 510 510
Retained earnings 1,282,245 1,064,851
SHAREHOLDERS' FUNDS 1,282,755 1,065,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HSP Consulting Engineers Limited (Registered number: 06558894)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





H S Pratt - Director


HSP Consulting Engineers Limited (Registered number: 06558894)

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

1. STATUTORY INFORMATION

HSP Consulting Engineers 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 represents net work undertaken during the period, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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.

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 - 33% on cost and 20% on cost
Fixtures and fittings - 33% on cost and 25% on cost

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 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
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.

HSP Consulting Engineers Limited (Registered number: 06558894)

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

2. ACCOUNTING POLICIES - continued

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 50 (2022 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 4
AMORTISATION
At 1 October 2022
and 30 September 2023 4
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022 20,248 158,456 178,704
Additions 9,077 28,776 37,853
At 30 September 2023 29,325 187,232 216,557
DEPRECIATION
At 1 October 2022 9,719 103,615 113,334
Charge for year 4,192 29,953 34,145
At 30 September 2023 13,911 133,568 147,479
NET BOOK VALUE
At 30 September 2023 15,414 53,664 69,078
At 30 September 2022 10,529 54,841 65,370

HSP Consulting Engineers Limited (Registered number: 06558894)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,525,693 1,499,500
Other debtors 697,646 459,855
2,223,339 1,959,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 156,407 45,000
Trade creditors 509,925 524,047
Taxation and social security 342,449 321,248
Other creditors 224,191 416,775
1,232,972 1,307,070

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 75,000 120,000

9. SECURED DEBTS

The bank loans and overdrafts are secured by fixed and floating charges covering all the property and undertaking of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued, and fully paid 2022 2021
Number: Class: Nominal
Value: £ £
51 A Ordinary £1 51 51
51 B Ordinary £1 51 51
51 C Ordinary £1 51 51
357 D Ordinary £1 357 357
510 510

11. OTHER FINANCIAL COMMITMENTS

At 30 September 2023, the company has total commitments under non-cancellable operating leases over the remaining life of those leases of £111,626 (2022 - £138,017).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director owed the company £211,297 (2022 - £nil). Interest has been charged at the ORI. Since the year end, the loan has been repaid in full.

13. ULTIMATE CONTROLLING PARTY

The controlling party is H S Pratt.