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REGISTERED NUMBER: 04891424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

ABRAHONE ENGINEERING LIMITED

ABRAHONE ENGINEERING LIMITED (REGISTERED NUMBER: 04891424)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABRAHONE ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: N M Anderson





SECRETARY: Mrs E Anderson





REGISTERED OFFICE: Unit 4 Chantry Bridge Industrial Estate
Thornes Lane
Wakefield
West Yorkshire
WF1 5QN





REGISTERED NUMBER: 04891424 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

ABRAHONE ENGINEERING LIMITED (REGISTERED NUMBER: 04891424)

BALANCE SHEET
31ST OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,736 24,367
Investments 6 7,250 7,250
25,986 31,617

CURRENT ASSETS
Stocks - 2,800
Debtors 7 35,601 34,549
Cash at bank 428 18,375
36,029 55,724
CREDITORS
Amounts falling due within one year 8 28,366 45,739
NET CURRENT ASSETS 7,663 9,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,649

41,602

PROVISIONS FOR LIABILITIES 3,560 -
NET ASSETS 30,089 41,602

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,989 41,502
30,089 41,602

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

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

ABRAHONE ENGINEERING LIMITED (REGISTERED NUMBER: 04891424)

BALANCE SHEET - continued
31ST 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 31st July 2024 and were signed by:





N M Anderson - Director


ABRAHONE ENGINEERING LIMITED (REGISTERED NUMBER: 04891424)

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

1. STATUTORY INFORMATION

Abrahone Engineering 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 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 a business in 2010, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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.

ABRAHONE ENGINEERING LIMITED (REGISTERED NUMBER: 04891424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST 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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022 187,423
Disposals (187,423 )
At 31st October 2023 -
AMORTISATION
At 1st November 2022 187,423
Eliminated on disposal (187,423 )
At 31st October 2023 -
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 39,108 1,247 6,485 1,727 48,567
Additions - - - 831 831
Disposals - - (6,485 ) - (6,485 )
At 31st October 2023 39,108 1,247 - 2,558 42,913
DEPRECIATION
At 1st November 2022 15,955 1,228 6,485 532 24,200
Charge for year 5,788 5 - 669 6,462
Eliminated on disposal - - (6,485 ) - (6,485 )
At 31st October 2023 21,743 1,233 - 1,201 24,177
NET BOOK VALUE
At 31st October 2023 17,365 14 - 1,357 18,736
At 31st October 2022 23,153 19 - 1,195 24,367

ABRAHONE ENGINEERING LIMITED (REGISTERED NUMBER: 04891424)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st November 2022
and 31st October 2023 7,250
NET BOOK VALUE
At 31st October 2023 7,250
At 31st October 2022 7,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 34,661 35,674
Other debtors 940 (1,125 )
35,601 34,549

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,123 10,806
Taxation and social security 14,541 10,527
Other creditors 11,702 24,406
28,366 45,739

9. RELATED PARTY DISCLOSURES

M C Tilley is interested as a director and shareholder in I C Gears Limited. In the year the company made sales to I C Gears Limited totalling £16,872 (2022 : £12,297).


During the year Anderson Hydraulics (Doncaster) Limited acquired the entire share capital of Abrahone Engineering Limited. Directors N Anderson and E Anderson are also interested as directors and shareholders in Anderson Hydraulics (Doncaster) Limited.

Since the acquisition, the company made sales of £3,882 to Anderson Hydraulics (Doncaster) Limited and at the balance sheet date and amount of £7,007 was owed to the company and included in trade debtors. The company owes an amount of £5,038 to Anderson Hydraulics (Doncaster) Limited, which is included in other creditors.