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
Tangible assets
3,249
18,460
Cash at bank and in hand
10,036
36,167
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
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
Howlett Machine Tool Services Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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 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.
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.
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
Disposals
(30,612)
-
(30,612)
At 30 April 2024
-
4,246
4,246
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
At 30 April 2024
-
3,249
3,249
At 30 April 2023
17,857
603
18,460
Amounts falling due within one year
Trade debtors
39,232
23,698
Accrued income and prepayments
-
4,029
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
2,400
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
15,295
Howlett Machine Tool Services Limited
Notes to the Accounts
for the year ended 30 April 2024
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).