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REGISTERED NUMBER: 02619970 (England and Wales)















HANDLING EQUIPMENT SALES
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HANDLING EQUIPMENT SALES
LIMITED (REGISTERED NUMBER: 02619970)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HANDLING EQUIPMENT SALES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R G Gordon
Mrs K A Gordon





SECRETARY: Mrs K A Gordon





REGISTERED OFFICE: 3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 02619970 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

HANDLING EQUIPMENT SALES
LIMITED (REGISTERED NUMBER: 02619970)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,018 47,961

CURRENT ASSETS
Stocks 66,480 193,480
Debtors 5 274,013 218,175
Cash at bank and in hand 68,890 45,708
409,383 457,363
CREDITORS
Amounts falling due within one year 6 177,120 279,112
NET CURRENT ASSETS 232,263 178,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,281

226,212

CREDITORS
Amounts falling due after more than one
year

7

(27,475

)

(45,737

)

PROVISIONS FOR LIABILITIES (8,011 ) (8,936 )
NET ASSETS 235,795 171,539

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 234,795 170,539
SHAREHOLDERS' FUNDS 235,795 171,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HANDLING EQUIPMENT SALES
LIMITED (REGISTERED NUMBER: 02619970)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





R G Gordon - Director


HANDLING EQUIPMENT SALES
LIMITED (REGISTERED NUMBER: 02619970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Handling Equipment Sales 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 each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

HANDLING EQUIPMENT SALES
LIMITED (REGISTERED NUMBER: 02619970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 54,623 108,322 162,945
DEPRECIATION
At 1 January 2023 45,345 69,639 114,984
Charge for year 1,391 7,552 8,943
At 31 December 2023 46,736 77,191 123,927
NET BOOK VALUE
At 31 December 2023 7,887 31,131 39,018
At 31 December 2022 9,278 38,683 47,961

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 272,195 216,357
Prepayments and accrued income 1,818 1,818
274,013 218,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 8,105 8,104
Trade creditors 66,578 143,748
Taxation and social security 85,320 58,011
Other creditors 17,117 69,249
177,120 279,112

HANDLING EQUIPMENT SALES
LIMITED (REGISTERED NUMBER: 02619970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 25,025 35,182
Hire purchase contracts 2,450 10,555
27,475 45,737

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
800 Ordinary A £1 800 800
100 Ordinary B £1 100 100
50 Ordinary C £1 50 50
50 Ordinary D £1 50 50
1,000 1,000

9. RELATED PARTY DISCLOSURES



The company was under the control of Mr Gordon throughout the current and previous tear. Mr Gordon is the managing director and majority shareholder.