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REGISTERED NUMBER: 01548439 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HB ALUMINIUM FABRICATIONS LIMITED

HB ALUMINIUM FABRICATIONS LIMITED (REGISTERED NUMBER: 01548439)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HB ALUMINIUM FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr I M Dewhirst
Mrs A B Dewhirst
Mrs C L Beards
Mr G A W Thornburn





SECRETARY: Mrs C L Beards





REGISTERED OFFICE: California House
Leathley Road
Leeds
West Yorkshire
LS10 1BG





REGISTERED NUMBER: 01548439 (England and Wales)





ACCOUNTANTS: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
1 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

HB ALUMINIUM FABRICATIONS LIMITED (REGISTERED NUMBER: 01548439)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,995 83,895

CURRENT ASSETS
Stocks 19,927 19,595
Debtors 5 347,269 471,192
Cash at bank and in hand 97,430 62,172
464,626 552,959
CREDITORS
Amounts falling due within one year 6 212,854 264,541
NET CURRENT ASSETS 251,772 288,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,767

372,313

CREDITORS
Amounts falling due after more than one
year

7

-

4,825
NET ASSETS 325,767 367,488

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 324,767 366,488
SHAREHOLDERS' FUNDS 325,767 367,488

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.

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 10 October 2024 and were signed on its behalf by:





Mr I M Dewhirst - Director


HB ALUMINIUM FABRICATIONS LIMITED (REGISTERED NUMBER: 01548439)

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

1. STATUTORY INFORMATION

HB Aluminium Fabrications 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

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.

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.

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.

HB ALUMINIUM FABRICATIONS LIMITED (REGISTERED NUMBER: 01548439)

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

2. ACCOUNTING POLICIES - continued

Profit recognition on contracting activities
Profit on individual contracts is taken only when their outcome can be foreseen with reasonable certainty, based on the stage of completion and the forecast margin of the individual contract.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 38,960 147,733 144,492 133,712 464,897
Additions - - 19,322 - 19,322
Disposals - - (42,245 ) - (42,245 )
At 30 April 2024 38,960 147,733 121,569 133,712 441,974
DEPRECIATION
At 1 May 2023 38,960 130,244 87,568 124,230 381,002
Charge for year - 2,624 17,182 1,897 21,703
Eliminated on disposal - - (34,726 ) - (34,726 )
At 30 April 2024 38,960 132,868 70,024 126,127 367,979
NET BOOK VALUE
At 30 April 2024 - 14,865 51,545 7,585 73,995
At 30 April 2023 - 17,489 56,924 9,482 83,895

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 51,108
Transfer to ownership (23,868 )
At 30 April 2024 27,240
DEPRECIATION
At 1 May 2023 17,106
Charge for year 8,227
Transfer to ownership (13,734 )
At 30 April 2024 11,599
NET BOOK VALUE
At 30 April 2024 15,641
At 30 April 2023 34,002

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 272,673 356,865
Other debtors 43,500 92,708
316,173 449,573

HB ALUMINIUM FABRICATIONS LIMITED (REGISTERED NUMBER: 01548439)

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

5. DEBTORS - continued
30.4.24 30.4.23
£    £   
Amounts falling due after more than one year:
Other debtors 31,096 21,619

Aggregate amounts 347,269 471,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) 4,825 13,466
Trade creditors 124,919 184,752
Taxation and social security 65,367 31,215
Other creditors 17,743 35,108
212,854 264,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 8) - 4,825

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 4,825 13,466
Between one and five years - 4,825
4,825 18,291

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year - 3,400
Between one and five years 33,735 -
33,735 3,400

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase 4,825 18,291

The hire purchase liabilities are secured on the assets to which they relate.

HB ALUMINIUM FABRICATIONS LIMITED (REGISTERED NUMBER: 01548439)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr I M Dewhirst
Balance outstanding at start of year 72 72
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72 72

The loan account is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I M Dewhirst.