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REGISTERED NUMBER: 01332306 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

H.A. England (Engineers) Limited

H.A. England (Engineers) Limited (Registered number: 01332306)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


H.A. England (Engineers) Limited (Registered number: 01332306)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 394,834 395,186

CURRENT ASSETS
Stocks 6 6,600 6,600
Debtors 7 314,629 432,922
Cash at bank 171,718 78,329
492,947 517,851
CREDITORS
Amounts falling due within one year 8 299,085 316,418
NET CURRENT ASSETS 193,862 201,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,696

596,619

CREDITORS
Amounts falling due after more than one
year

9

(55,259

)

(70,728

)

PROVISIONS FOR LIABILITIES 12 (43,676 ) (42,886 )
NET ASSETS 489,761 483,005

CAPITAL AND RESERVES
Called up share capital 13 378 378
Retained earnings 14 489,383 482,627
SHAREHOLDERS' FUNDS 489,761 483,005

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 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.A. England (Engineers) Limited (Registered number: 01332306)

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr R J England - Director


H.A. England (Engineers) Limited (Registered number: 01332306)

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


1. STATUTORY INFORMATION

H.A. England (Engineers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01332306

Registered office: Unit 1 Comtech Park
Manchester Road
Westhoughton
Bolton
Lancashire
BL5 3QY

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
The amount of revenue can be reasonably measured;
It is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

H.A. England (Engineers) Limited (Registered number: 01332306)

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


3. ACCOUNTING POLICIES - continued

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.
Land and buildings - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairments losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks
Stocks are stated at the lower of cost and estimated selling pice less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit and loss.

Share capital
Ordinary shares are classified as equity. Equity investments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial investment measurement is on a present value basis.

Taxation
The tax expense for the period comprises current tax and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
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.

H.A. England (Engineers) Limited (Registered number: 01332306)

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


3. ACCOUNTING POLICIES - continued

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees all the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

H.A. England (Engineers) Limited (Registered number: 01332306)

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


3. ACCOUNTING POLICIES - continued

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 203,751 1,653,464 36,427 22,983 1,916,625
Additions - 81,000 - - 81,000
At 31 March 2024 203,751 1,734,464 36,427 22,983 1,997,625
DEPRECIATION
At 1 April 2023 36,675 1,431,709 33,384 19,671 1,521,439
Charge for year 4,075 75,689 760 828 81,352
At 31 March 2024 40,750 1,507,398 34,144 20,499 1,602,791
NET BOOK VALUE
At 31 March 2024 163,001 227,066 2,283 2,484 394,834
At 31 March 2023 167,076 221,755 3,043 3,312 395,186

Included within the net book value of land and buildings above is £163,001 (2023: £167,076) in respect of freehold land and buildings.

H.A. England (Engineers) Limited (Registered number: 01332306)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 201,550
DEPRECIATION
At 1 April 2023
and 31 March 2024 153,721
NET BOOK VALUE
At 31 March 2024 47,829
At 31 March 2023 47,829

6. STOCKS
2024 2023
£    £   
Raw materials and consumables 6,600 6,600

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,333 307,244
Amounts owed by group undertakings 118,477 118,461
Other debtors 4,819 7,217
314,629 432,922

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 54,844 41,344
Trade creditors 116,218 116,631
Amounts owed to group undertakings 1,680 12,680
Taxation and social security 74,373 101,196
Other creditors 51,970 44,567
299,085 316,418

H.A. England (Engineers) Limited (Registered number: 01332306)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 55,259 70,728

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 54,844 41,344
Between one and five years 55,259 70,728
110,103 112,072

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 110,103 112,072

Hire purchase liabilities are secured against the assets to which they relate.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 43,676 42,886

Deferred
tax
£   
Balance at 1 April 2023 42,886
Charge to Income Statement during year 790
Balance at 31 March 2024 43,676

H.A. England (Engineers) Limited (Registered number: 01332306)

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


13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
278 Ordinary B £1 278 278
378 378

14. RESERVES
Retained
earnings
£   

At 1 April 2023 482,627
Profit for the year 113,316
Dividends (106,560 )
At 31 March 2024 489,383

15. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Autoguage Limited, incorporated in England and Wales.

The ultimate controlling party is the directors, by virtue of their shareholding in the parent company, Autoguage Limited.