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REGISTERED NUMBER: 08212862 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: J T Marsden





REGISTERED OFFICE: The Airfield
Cranswick Industrial Estate
Hutton Cranswick
Driffield
East Yorkshire
YO25 9QE





REGISTERED NUMBER: 08212862 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 192,828 229,958
Investments 6 655,519 100,000
848,347 329,958

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 7 254,484 232,540
Cash at bank and in hand 611,446 1,017,957
890,930 1,275,497
CREDITORS
Amounts falling due within one year 8 141,063 103,515
NET CURRENT ASSETS 749,867 1,171,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,598,214

1,501,940

CREDITORS
Amounts falling due after more than one
year

9

(8,333

)

(25,000

)

PROVISIONS FOR LIABILITIES (48,207 ) (43,692 )
NET ASSETS 1,541,674 1,433,248

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 1,541,662 1,433,236
SHAREHOLDERS' FUNDS 1,541,674 1,433,248

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

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

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 30 July 2024 and were signed by:





J T Marsden - Director


NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)

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

1. STATUTORY INFORMATION

North Humberside Precision Engineers (Driffield) 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2012, is being amortised over its estimated life of two 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% 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.

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)

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

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 129,000
AMORTISATION
At 1 November 2022
and 31 October 2023 129,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 453,898
DEPRECIATION
At 1 November 2022 223,940
Charge for year 37,130
At 31 October 2023 261,070
NET BOOK VALUE
At 31 October 2023 192,828
At 31 October 2022 229,958

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2022 100,000
Additions 562,010
Revaluations (6,491 )
At 31 October 2023 655,519
NET BOOK VALUE
At 31 October 2023 655,519
At 31 October 2022 100,000

Cost or valuation at 31 October 2023 is represented by:

Other
investments
£   
Valuation in 2023 (6,491 )
Cost 662,010
655,519

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 218,389 196,451
Other debtors 36,095 36,089
254,484 232,540

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 16,667 22,222
Trade creditors 25,310 19,155
Taxation and social security 93,688 45,404
Other creditors 5,398 16,734
141,063 103,515

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 8,333 25,000

NORTH HUMBERSIDE PRECISION ENGINEERS
(DRIFFIELD) LIMITED (REGISTERED NUMBER: 08212862)

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

10. RELATED PARTY DISCLOSURES

Transactions with the director during the year were as follows:

J T Marsden was owed £475 by the company on 1 November 2022. During the year, he introduced funds of £15,000 and withdrew £15,069. At 31 October 2023, the company owed J T Marsden £406.

The loan is interest free with no fixed term for repayment.










11. ULTIMATE CONTROLLING PARTY

The controlling party is J T Marsden.