Allen Hydraulic Engineering Limited 04851418 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is hydraulic engineering Digita Accounts Production Advanced 6.30.9574.0 true true 04851418 2023-04-01 2024-03-31 04851418 2024-03-31 04851418 core:RetainedEarningsAccumulatedLosses 2024-03-31 04851418 core:ShareCapital 2024-03-31 04851418 core:CurrentFinancialInstruments 2024-03-31 04851418 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04851418 core:BetweenTwoFiveYears 2024-03-31 04851418 core:WithinOneYear 2024-03-31 04851418 core:FurnitureFittingsToolsEquipment 2024-03-31 04851418 core:LandBuildings 2024-03-31 04851418 core:MotorVehicles 2024-03-31 04851418 bus:SmallEntities 2023-04-01 2024-03-31 04851418 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04851418 bus:FilletedAccounts 2023-04-01 2024-03-31 04851418 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04851418 bus:RegisteredOffice 2023-04-01 2024-03-31 04851418 bus:Director2 2023-04-01 2024-03-31 04851418 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04851418 core:Buildings 2023-04-01 2024-03-31 04851418 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04851418 core:LandBuildings 2023-04-01 2024-03-31 04851418 core:MotorCars 2023-04-01 2024-03-31 04851418 core:MotorVehicles 2023-04-01 2024-03-31 04851418 core:OfficeEquipment 2023-04-01 2024-03-31 04851418 countries:England 2023-04-01 2024-03-31 04851418 2023-03-31 04851418 core:FurnitureFittingsToolsEquipment 2023-03-31 04851418 core:LandBuildings 2023-03-31 04851418 core:MotorVehicles 2023-03-31 04851418 2022-04-01 2023-03-31 04851418 2023-03-31 04851418 core:RetainedEarningsAccumulatedLosses 2023-03-31 04851418 core:ShareCapital 2023-03-31 04851418 core:CurrentFinancialInstruments 2023-03-31 04851418 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04851418 core:BetweenTwoFiveYears 2023-03-31 04851418 core:WithinOneYear 2023-03-31 04851418 core:FurnitureFittingsToolsEquipment 2023-03-31 04851418 core:LandBuildings 2023-03-31 04851418 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04851418

Allen Hydraulic Engineering Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Allen Hydraulic Engineering Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Allen Hydraulic Engineering Limited

(Registration number: 04851418)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,392

18,304

Current assets

 

Stocks

5

493,250

498,139

Debtors

6

243,549

202,377

Cash at bank and in hand

 

75,931

160,467

 

812,730

860,983

Creditors: Amounts falling due within one year

7

(122,548)

(204,434)

Net current assets

 

690,182

656,549

Total assets less current liabilities

 

698,574

674,853

Provisions for liabilities

(2,098)

(4,576)

Net assets

 

696,476

670,277

Capital and reserves

 

Called up share capital

100

100

Retained earnings

696,376

670,177

Shareholders' funds

 

696,476

670,277

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2024 and signed on its behalf by:
 

.........................................
Mrs L A Allen
Director

 

Allen Hydraulic Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 2 Healey House
Dene Road
Andover
Hampshire
SP10 2AA

These financial statements were authorised for issue by the Board on 1 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

 

Allen Hydraulic Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% Straight Line

Office equipment

33% Straight Line

Short leasehold land and buildings

10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average purchase price method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Allen Hydraulic Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Allen Hydraulic Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

1,176

48,396

45,779

95,351

Disposals

-

(1,382)

-

(1,382)

At 31 March 2024

1,176

47,014

45,779

93,969

Depreciation

At 1 April 2023

1,058

45,252

30,737

77,047

Charge for the year

118

1,995

7,796

9,909

Eliminated on disposal

-

(1,379)

-

(1,379)

At 31 March 2024

1,176

45,868

38,533

85,577

Carrying amount

At 31 March 2024

-

1,146

7,246

8,392

At 31 March 2023

118

3,144

15,042

18,304

5

Stocks

2024
£

2023
£

Other inventories

493,250

498,139

 

Allen Hydraulic Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

225,557

184,263

Prepayments

17,992

18,114

 

243,549

202,377

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

79

79

Trade creditors

 

59,216

129,547

Taxation and social security

 

51,485

62,217

Accruals and deferred income

 

4,117

10,160

Other creditors

 

7,651

2,431

 

122,548

204,434

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

17,701

53,100

Later than one year and not later than five years

-

17,701

17,701

70,801

The amount of non-cancellable operating lease payments recognised as an expense during the year was £53,100 (2023 - £53,100).