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Company Registration No. 04965118 (England and Wales)
Howes Precision Hydraulics (Holdings) Limited Unaudited accounts for the year ended 30 June 2024
Howes Precision Hydraulics (Holdings) Limited Unaudited accounts Contents
Page
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Howes Precision Hydraulics (Holdings) Limited Company Information for the year ended 30 June 2024
Directors
N Howes D Howes K Howes L Howes
Secretary
Mrs D Howes
Company Number
04965118 (England and Wales)
Registered Office
Unit 2, Davis Way, Newgate Lane Fareham Hampshire PO14 1JF
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Howes Precision Hydraulics (Holdings) Limited Accountants' report
Accountants' report to the board of directors of Howes Precision Hydraulics (Holdings) Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Howes Precision Hydraulics (Holdings) Limited for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Howes Precision Hydraulics (Holdings) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Howes Precision Hydraulics (Holdings) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Howes Precision Hydraulics (Holdings) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Howes Precision Hydraulics (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Howes Precision Hydraulics (Holdings) Limited. You consider that Howes Precision Hydraulics (Holdings) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Howes Precision Hydraulics (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 20 August 2024
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Howes Precision Hydraulics (Holdings) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
402,006 
407,278 
Investments
40 
40 
402,046 
407,318 
Creditors: amounts falling due within one year
(57,514)
(23,913)
Net current liabilities
(57,514)
(23,913)
Net assets
344,532 
383,405 
Capital and reserves
Called up share capital
44 
44 
Revaluation reserve
151,050 
151,050 
Profit and loss account
193,438 
232,311 
Shareholders' funds
344,532 
383,405 
For the year ending 30 June 2024 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 20 August 2024 and were signed on its behalf by
D Howes Director Company Registration No. 04965118
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Howes Precision Hydraulics (Holdings) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Howes Precision Hydraulics (Holdings) Limited is a private company, limited by shares, registered in England and Wales, registration number 04965118. The registered office is Unit 2, Davis Way, Newgate Lane, Fareham, Hampshire, PO14 1JF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
15% on cost
Fixtures & fittings
20% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
400,000 
216,502 
45,050 
661,552 
At 30 June 2024
400,000 
216,502 
45,050 
661,552 
Depreciation
At 1 July 2023
- 
213,407 
40,867 
254,274 
Charge for the year
- 
1,912 
3,360 
5,272 
At 30 June 2024
- 
215,319 
44,227 
259,546 
Net book value
At 30 June 2024
400,000 
1,183 
823 
402,006 
At 30 June 2023
400,000 
3,095 
4,183 
407,278 
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Howes Precision Hydraulics (Holdings) Limited Notes to the Accounts for the year ended 30 June 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
40 
Valuation at 30 June 2024
40 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
45,742 
10,743 
Taxes and social security
- 
2,714 
Accruals
11,772 
10,456 
57,514 
23,913 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
44 Ordinary shares of £1 each
44 
44 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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