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REGISTERED NUMBER: 04653492 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Herts Mechanical Handling Services
Limited

Herts Mechanical Handling Services
Limited (Registered number: 04653492)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Herts Mechanical Handling Services
Limited

Company Information
for the Year Ended 31 March 2024







Directors: S Howell
P Tolworthy
R Hide





Registered office: Unit 5 Crowbush Farm
Luton Road
Toddington
Dunstable
LU5 6HU





Registered number: 04653492 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

Herts Mechanical Handling Services
Limited (Registered number: 04653492)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 164,086 48,648

Current assets
Stocks 22,068 -
Debtors 5 658,083 616,695
Cash at bank 153,615 290,816
833,766 907,511
Creditors
Amounts falling due within one year 6 585,150 564,909
Net current assets 248,616 342,602
Total assets less current liabilities 412,702 391,250

Creditors
Amounts falling due after more than
one year

7

(144,170

)

(226,278

)

Provisions for liabilities (35,022 ) (5,780 )
Net assets 233,510 159,192

Capital and reserves
Called up share capital 9 4 4
Capital redemption reserve 96 96
Retained earnings 233,410 159,092
Shareholders' funds 233,510 159,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Herts Mechanical Handling Services
Limited (Registered number: 04653492)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





S Howell - Director


Herts Mechanical Handling Services
Limited (Registered number: 04653492)

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

1. Statutory information

Herts Mechanical Handling Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Herts Mechanical Handling Services
Limited (Registered number: 04653492)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

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.

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 25 (2023 - 21 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2023 152,632
Additions 147,256
Disposals (58,970 )
At 31 March 2024 240,918
Depreciation
At 1 April 2023 103,984
Charge for year 31,818
Eliminated on disposal (58,970 )
At 31 March 2024 76,832
Net book value
At 31 March 2024 164,086
At 31 March 2023 48,648

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 469,855 416,874
Other debtors 188,228 199,821
658,083 616,695

Herts Mechanical Handling Services
Limited (Registered number: 04653492)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 138,148 109,392
Hire purchase contracts (see note 8)
30,361

11,566
Trade creditors 66,722 120,582
Taxation and social security 152,113 157,699
Other creditors 197,806 165,670
585,150 564,909

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 71,041 190,065
Hire purchase contracts (see note 8)
73,129

36,213
144,170 226,278

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 30,361 11,566
Between one and five years 73,129 36,213
103,490 47,779

Non-cancellable
operating leases
2024 2023
£ £
Within one year 32,291 39,960
Between one and five years 45,027 72,527
77,318 112,487

Herts Mechanical Handling Services
Limited (Registered number: 04653492)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2,998 Ordinary A £0.001 2.98 2.98
999 Ordinary B £0.001 0.99 0.99
1 Ordinary C £0.001 0.01 0.01
1 Ordinary D £0.001 0.01 0.01
1 Ordinary E £0.001 0.01 0.01
4 4

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£ £
S Howell
Balance outstanding at start of year 170,831 154,733
Amounts advanced - 16,098
Amounts repaid (30,558 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,273 170,831

P Tyrell
Balance outstanding at start of year - 232,399
Amounts repaid - (232,399 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

R Hide
Balance outstanding at start of year - -
Amounts advanced 8,790 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,790 -

The loans to S Howell and R Hide are interest bearing at HM Revenue & Customs approved rates.