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
Howes Precision Hydraulics (Holdings) Limited
Company Information
for the year ended 30 June 2024
Directors
N Howes
D Howes
K Howes
L 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
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
Howes Precision Hydraulics (Holdings) Limited
Statement of financial position
as at 30 June 2024
Tangible assets
402,006
407,278
Creditors: amounts falling due within one year
(57,514)
(23,913)
Net current liabilities
(57,514)
(23,913)
Net assets
344,532
383,405
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
Howes Precision Hydraulics (Holdings) Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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
At 30 June 2024
400,000
1,183
823
402,006
At 30 June 2023
400,000
3,095
4,183
407,278
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
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).