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REGISTERED NUMBER: 02473187 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

H&M COMPRESSORS AND PUMPS LIMITED

H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H&M COMPRESSORS AND PUMPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr P K Hennan
Mr P Hennan





SECRETARY: Mrs M J Hennan





REGISTERED OFFICE: Unit B Enterprise Centre
Paycocke Road
Basildon
Essex
SS14 3DY





REGISTERED NUMBER: 02473187 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,057 34,719
Investments 5 110,555 110,555
138,612 145,274

CURRENT ASSETS
Stocks 15,490 11,074
Debtors 6 331,101 593,913
Cash at bank 723,025 544,791
1,069,616 1,149,778
CREDITORS
Amounts falling due within one year 7 275,698 434,458
NET CURRENT ASSETS 793,918 715,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

932,530

860,594

PROVISIONS FOR LIABILITIES 9 4,820 5,076
NET ASSETS 927,710 855,518

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 927,560 855,368
SHAREHOLDERS' FUNDS 927,710 855,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)

BALANCE SHEET - continued
30 APRIL 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 11 September 2024 and were signed on its behalf by:





Mr P K Hennan - Director


H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

H&M Compressors and Pumps 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents all amounts received and receivable in respect of goods and services supplied by the company during the year excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - Between 10% and 33% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiaries are recognized at cost less impairment.

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

Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognized at transaction price and then subsequently at amortized cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognized in profit and loss.

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.


H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefits and pension costs
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognized at the undiscounted amount expected to be paid for that service.

The company operates two defined contribution schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

Consolidation
The company and its subsidiary comprise a small group and has elected not to prepare group financial statements.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant & Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 15,030 60,099 25,395 100,524
Additions - 7,227 - 7,227
Disposals - - (14,995 ) (14,995 )
At 30 April 2024 15,030 67,326 10,400 92,756
DEPRECIATION
At 1 May 2023 1,752 49,653 14,400 65,805
Charge for year 751 3,185 1,347 5,283
Eliminated on disposal - - (6,389 ) (6,389 )
At 30 April 2024 2,503 52,838 9,358 64,699
NET BOOK VALUE
At 30 April 2024 12,527 14,488 1,042 28,057
At 30 April 2023 13,278 10,446 10,995 34,719

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 110,555
NET BOOK VALUE
At 30 April 2024 110,555
At 30 April 2023 110,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 251,180 255,412
Amounts owed by group undertakings 65,555 65,555
Other debtors 14,366 272,946
331,101 593,913

H&M COMPRESSORS AND PUMPS LIMITED (REGISTERED NUMBER: 02473187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 166,771 291,699
Corporation tax 52,319 42,015
Social security and other taxes 20,310 16,387
Other creditors 20,343 7,835
Directors' current accounts 15,955 76,522
275,698 434,458

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,090 23,406
Between one and five years 33,753 11,936
63,843 35,342

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,820 5,076

Deferred
tax
£   
Balance at 1 May 2023 5,076
Credit to Income Statement during year (256 )
Balance at 30 April 2024 4,820

The provision for deferred taxation is made up of accelerated capital allowances.

10. PENSION COMMITMENTS

The company operates two defined contribution pension schemes, for the employees and directors. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were £1,453 of unpaid contributions (2023: £1,338).