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Company Registration No. 11339953 (England and Wales)
Howlett Machine Tool Services Limited Unaudited accounts for the year ended 30 April 2024
Howlett Machine Tool Services Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,249 
18,460 
Current assets
Inventories
1,500 
1,500 
Debtors
39,232 
28,227 
Cash at bank and in hand
10,036 
36,167 
50,768 
65,894 
Creditors: amounts falling due within one year
(34,331)
(40,094)
Net current assets
16,437 
25,800 
Total assets less current liabilities
19,686 
44,260 
Creditors: amounts falling due after more than one year
(9,598)
(27,091)
Provisions for liabilities
Deferred tax
(617)
(3,507)
Net assets
9,471 
13,662 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
9,466 
13,657 
Shareholders' funds
9,471 
13,662 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by
Ian Howlett Director Company Registration No. 11339953
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Howlett Machine Tool Services Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Howlett Machine Tool Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11339953. The registered office is 15 BARTON MEADOW, WELFORD ON AVON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 8DU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on a straight line basis
Computer equipment
3 Years on a straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Howlett Machine Tool Services Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
30,612 
749 
31,361 
Additions
- 
3,497 
3,497 
Disposals
(30,612)
- 
(30,612)
At 30 April 2024
- 
4,246 
4,246 
Depreciation
At 1 May 2023
12,755 
146 
12,901 
Charge for the year
- 
851 
851 
On disposals
(12,755)
- 
(12,755)
At 30 April 2024
- 
997 
997 
Net book value
At 30 April 2024
- 
3,249 
3,249 
At 30 April 2023
17,857 
603 
18,460 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,232 
23,698 
Accrued income and prepayments
- 
4,029 
Other debtors
- 
500 
39,232 
28,227 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,400 
2,400 
VAT
9,042 
8,303 
Obligations under finance leases and hire purchase contracts
- 
5,383 
Trade creditors
12,575 
3,848 
Taxes and social security
14,520 
17,596 
Other creditors
2,215 
1,462 
Loans from directors
(7,205)
402 
Accruals
784 
700 
34,331 
40,094 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,598 
11,796 
Obligations under finance leases and hire purchase contracts
- 
15,295 
9,598 
27,091 
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Howlett Machine Tool Services Limited Notes to the Accounts for the year ended 30 April 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5 
5 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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