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REGISTERED NUMBER: 02981348 (England and Wales)
























Financial Statements

for the Year Ended 31 March 2024

for

S.H.P. Engineering Ltd.

S.H.P. Engineering Ltd. (Registered number: 02981348)






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


S.H.P. Engineering Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Howard





SECRETARY: Ms M J Ashley





REGISTERED OFFICE: Unit 7
Faraday Road Business Park
Littleport
Ely
Cambridgeshire
CB6 1PE





REGISTERED NUMBER: 02981348 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

S.H.P. Engineering Ltd. (Registered number: 02981348)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,248 26,121
Investments 5 11 11
48,259 26,132

CURRENT ASSETS
Stocks 324,013 238,098
Debtors 6 123,302 147,916
Cash at bank and in hand 15,331 46,175
462,646 432,189
CREDITORS
Amounts falling due within one year 7 340,828 277,843
NET CURRENT ASSETS 121,818 154,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,077

180,478

CREDITORS
Amounts falling due after more than one year 8 (16,251 ) (17,948 )

PROVISIONS FOR LIABILITIES (2,401 ) (4,055 )
NET ASSETS 151,425 158,475

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,325 158,375
SHAREHOLDERS' FUNDS 151,425 158,475

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 director acknowledges his 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.

S.H.P. Engineering Ltd. (Registered number: 02981348)

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 director and authorised for issue on 12 September 2024 and were signed by:





S Howard - Director


S.H.P. Engineering Ltd. (Registered number: 02981348)

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

1. STATUTORY INFORMATION

S.H.P. Engineering Ltd. 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 represents the value of work done and invoiced excluding value added tax as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 5 ) .

S.H.P. Engineering Ltd. (Registered number: 02981348)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 216,475
Additions 32,090
At 31 March 2024 248,565
DEPRECIATION
At 1 April 2023 190,354
Charge for year 9,963
At 31 March 2024 200,317
NET BOOK VALUE
At 31 March 2024 48,248
At 31 March 2023 26,121

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 15,000
At 31 March 2024 15,000
DEPRECIATION
Charge for year 3,750
At 31 March 2024 3,750
NET BOOK VALUE
At 31 March 2024 11,250

S.H.P. Engineering Ltd. (Registered number: 02981348)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 11
NET BOOK VALUE
At 31 March 2024 11
At 31 March 2023 11

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,365 124,130
Other debtors 16,937 23,786
123,302 147,916

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,163 7,962
Hire purchase contracts 5,779 -
Payments on account 1,238 14,216
Trade creditors 125,945 95,631
Taxation and social security 9,263 40,556
Other creditors 190,440 119,478
340,828 277,843

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,785 17,948
Hire purchase contracts 6,466 -
16,251 17,948