Company Registration No. 08274442 (England and Wales)
Hindley Engineering Limited
Unaudited accounts
for the year ended 31 October 2023
Hindley Engineering Limited
Unaudited accounts
Contents
Hindley Engineering Limited
Company Information
for the year ended 31 October 2023
Directors
Julie Anne Wadsley
Rex Wadsley
Company Number
08274442 (England and Wales)
Registered Office
UNIT 4 PROSPECT INDUSTRIAL ESTATE
PLATT LANE
HINDLEY
WIGAN
WN2 3PA
Hindley Engineering Limited
Statement of financial position
as at 31 October 2023
Tangible assets
12,083
16,110
Cash at bank and in hand
357,592
280,372
Creditors: amounts falling due within one year
(58,259)
(43,199)
Net current assets
499,311
412,397
Net assets
511,394
428,507
Called up share capital
100
100
Profit and loss account
511,294
428,407
Shareholders' funds
511,394
428,507
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by
Rex Wadsley
Director
Company Registration No. 08274442
Hindley Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
Hindley Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 08274442. The registered office is UNIT 4 PROSPECT INDUSTRIAL ESTATE , PLATT LANE, HINDLEY, WIGAN, WN2 3PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% per annum on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
54,012
4,000
58,012
At 31 October 2023
54,012
4,000
58,012
At 1 November 2022
37,903
3,999
41,902
Charge for the year
4,027
-
4,027
At 31 October 2023
41,930
3,999
45,929
At 31 October 2023
12,082
1
12,083
At 31 October 2022
16,109
1
16,110
Hindley Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
79,943
60,553
Other debtors
102,535
93,671
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,827
6,551
Taxes and social security
24,576
23,714
7
Transactions with related parties
At 31 October 2023, the director owed the company £16,535 (2022 £ 8,671). The loan has since been repaid.
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).