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REGISTERED NUMBER: SC646714 (Scotland)















Unaudited Financial Statements For The Year Ended 30 November 2023

for

Household Appliance Engineers Ltd

Household Appliance Engineers Ltd (Registered number: SC646714)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Household Appliance Engineers Ltd

Company Information
For The Year Ended 30 November 2023







DIRECTOR: Mrs N Aslam





REGISTERED OFFICE: 673 Cathcart Road
Glasgow
G42 8AP





REGISTERED NUMBER: SC646714 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Household Appliance Engineers Ltd (Registered number: SC646714)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,280 1,600

CURRENT ASSETS
Debtors 5 26,705 35,014
Cash at bank and in hand 3,660 1,142
30,365 36,156
CREDITORS
Amounts falling due within one year 6 14,035 11,812
NET CURRENT ASSETS 16,330 24,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,610

25,944

CREDITORS
Amounts falling due after more than one
year

7

16,503

26,320
NET ASSETS/(LIABILITIES) 1,107 (376 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,007 (476 )
SHAREHOLDERS' FUNDS 1,107 (376 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Household Appliance Engineers Ltd (Registered number: SC646714)

Balance Sheet - continued
30 November 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 16 August 2024 and were signed by:





Mrs N Aslam - Director


Household Appliance Engineers Ltd (Registered number: SC646714)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Household Appliance Engineers Ltd is a private company, limited by shares , registered in Scotland. 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.

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 etc - 20% on reducing balance

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.

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 2 (2022 - 2 ) .

Household Appliance Engineers Ltd (Registered number: SC646714)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 2,000
DEPRECIATION
At 1 December 2022 400
Charge for year 320
At 30 November 2023 720
NET BOOK VALUE
At 30 November 2023 1,280
At 30 November 2022 1,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 26,705 35,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Pensions 78 74
Tax 553 -
Social security and other taxes 1,420 334
Accrued expenses 1,984 1,404
14,035 11,812

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 16,503 26,320

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

Household Appliance Engineers Ltd (Registered number: SC646714)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

9. RESERVES
Retained
earnings
£   

At 1 December 2022 (476 )
Profit for the year 2,483
Dividends (1,000 )
At 30 November 2023 1,007