Registered number
11361758
HINC ENGINEERING LTD
Filleted Accounts
31 May 2024
HINC ENGINEERING LTD
Registered number: 11361758
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,508 123
Current assets
Debtors 4 538 -
Cash at bank and in hand 21,690 6,380
22,228 6,380
Creditors: amounts falling due within one year 5 (3,991) (3,112)
Net current assets 18,237 3,268
Total assets less current liabilities 19,745 3,391
Provisions for liabilities (286) -
Net assets 19,459 3,391
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,359 3,291
Shareholders' funds 19,459 3,391
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Henryk Hinc
Director
Approved by the board on 27 August 2024
HINC ENGINEERING LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The company had no turnover in the period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 489
Additions 1,686
At 31 May 2024 2,175
Depreciation
At 1 June 2023 366
Charge for the year 301
At 31 May 2024 667
Net book value
At 31 May 2024 1,508
At 31 May 2023 123
4 Debtors 2024 2023
£ £
Other debtors, prepayments and recoverable VAT 538 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 900 -
Taxation and social security costs 3,091 -
Other creditors - 3,112
3,991 3,112
6 Other information
HINC ENGINEERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
226-228 King Street
London
W6 0RA
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