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REGISTERED NUMBER: 02063228 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

H & B MOTOR ENGINEERS LIMITED

H & B MOTOR ENGINEERS LIMITED (REGISTERED NUMBER: 02063228)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H & B MOTOR ENGINEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs S Spyrou
Mr S Spyrou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 02063228 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

H & B MOTOR ENGINEERS LIMITED (REGISTERED NUMBER: 02063228)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,692 33,771

CURRENT ASSETS
Stocks 5 315 325
Debtors 6 92,101 39,776
Cash at bank and in hand 25,545 55,274
117,961 95,375
CREDITORS
Amounts falling due within one year 7 24,530 27,372
NET CURRENT ASSETS 93,431 68,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,123

101,774

CREDITORS
Amounts falling due after more than one
year

8

10,667

18,667
NET ASSETS 115,456 83,107

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 115,356 83,007
SHAREHOLDERS' FUNDS 115,456 83,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 & B MOTOR ENGINEERS LIMITED (REGISTERED NUMBER: 02063228)

BALANCE SHEET - continued
29 FEBRUARY 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 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 25 November 2024 and were signed on its behalf by:





Mr S Spyrou - Director


H & B MOTOR ENGINEERS LIMITED (REGISTERED NUMBER: 02063228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

H & B Motor Engineers 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

H & B MOTOR ENGINEERS LIMITED (REGISTERED NUMBER: 02063228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 28,543 91,572 19,384 22,737 162,236
DEPRECIATION
At 1 March 2023 - 89,736 17,111 21,618 128,465
Charge for year - 459 341 279 1,079
At 29 February 2024 - 90,195 17,452 21,897 129,544
NET BOOK VALUE
At 29 February 2024 28,543 1,377 1,932 840 32,692
At 28 February 2023 28,543 1,836 2,273 1,119 33,771

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 315 325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amount due from related party 92,101 38,228
VAT - 1,548
92,101 39,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 8,000 8,000
Trade creditors 1,873 450
Tax 12,239 15,904
Amount due to related party 36 36
Directors' current accounts 1,182 1,182
Accrued expenses 1,200 1,800
24,530 27,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 10,667 18,667

H & B MOTOR ENGINEERS LIMITED (REGISTERED NUMBER: 02063228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,000 8,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,000 8,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,667 10,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100