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REGISTERED NUMBER: SC531663 (Scotland)











Unaudited Financial Statements for the Year Ended 31st March 2024

for

N Henderson Engineering Limited

N Henderson Engineering Limited (Registered number: SC531663)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


N Henderson Engineering Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: N Henderson
Mrs L A Henderson





REGISTERED OFFICE: Orsay
Glencaple
Dumfries
DUMFRIESSHIRE
DG1 4RD





REGISTERED NUMBER: SC531663 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

N Henderson Engineering Limited (Registered number: SC531663)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,843 115,515

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 16,586 20,496
Cash at bank 38,366 15,488
58,952 39,984
CREDITORS
Amounts falling due within one year 6 64,695 60,593
NET CURRENT LIABILITIES (5,743 ) (20,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,100

94,906

CREDITORS
Amounts falling due after more than one year 7 (15,409 ) (39,870 )

PROVISIONS FOR LIABILITIES (16,891 ) (18,475 )
NET ASSETS 47,800 36,561

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 47,796 36,557
SHAREHOLDERS' FUNDS 47,800 36,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





N Henderson - Director


N Henderson Engineering Limited (Registered number: SC531663)

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

1. STATUTORY INFORMATION

N Henderson Engineering Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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
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.

N Henderson Engineering Limited (Registered number: SC531663)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
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.

Trade Debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of he business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade Creditors
Trade creditors are obligations o pay for goods or services that have been acquired in the ordinary course of the 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.

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 proceeds, net of transactions costs, and the amount due on redemption recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 18,280 119,587 2,764 60,935 201,566
Additions - 1,275 - - 1,275
Disposals - (16,500 ) - - (16,500 )
At 31st March 2024 18,280 104,362 2,764 60,935 186,341
DEPRECIATION
At 1st April 2023 - 66,802 1,786 17,463 86,051
Charge for year - 5,908 146 10,868 16,922
Eliminated on disposal - (2,475 ) - - (2,475 )
At 31st March 2024 - 70,235 1,932 28,331 100,498
NET BOOK VALUE
At 31st March 2024 18,280 34,127 832 32,604 85,843
At 31st March 2023 18,280 52,785 978 43,472 115,515

N Henderson Engineering Limited (Registered number: SC531663)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,586 15,041
VAT - 5,455
16,586 20,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,651 33,421
Hire purchase contracts 7,781 15,514
Trade creditors 11,308 1,626
Tax 18,052 1,997
VAT 523 -
Other creditors 3,879 3,879
Directors' current accounts 1 -
Accrued expenses 500 4,156
64,695 60,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,409 39,870