B. Conway (Mechanical Handling) Limited 01349269 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the repairing, servicing, sales and hiring of mechanical handling equipment Digita Accounts Production Advanced 6.30.9574.0 true 01349269 2023-03-01 2024-02-29 01349269 2024-02-29 01349269 core:CurrentFinancialInstruments 2024-02-29 01349269 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 01349269 core:ConstructionInProgressAssetsUnderConstruction 2024-02-29 01349269 core:FurnitureFittingsToolsEquipment 2024-02-29 01349269 core:LandBuildings 2024-02-29 01349269 core:MotorVehicles 2024-02-29 01349269 bus:SmallEntities 2023-03-01 2024-02-29 01349269 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 01349269 bus:FullAccounts 2023-03-01 2024-02-29 01349269 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 01349269 bus:RegisteredOffice 2023-03-01 2024-02-29 01349269 bus:Director1 2023-03-01 2024-02-29 01349269 bus:Director3 2023-03-01 2024-02-29 01349269 bus:Director4 2023-03-01 2024-02-29 01349269 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 01349269 core:ConstructionInProgressAssetsUnderConstruction 2023-03-01 2024-02-29 01349269 core:FurnitureFittings 2023-03-01 2024-02-29 01349269 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 01349269 core:LandBuildings 2023-03-01 2024-02-29 01349269 core:LeaseholdImprovements 2023-03-01 2024-02-29 01349269 core:MotorVehicles 2023-03-01 2024-02-29 01349269 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 01349269 core:PlantMachinery 2023-03-01 2024-02-29 01349269 countries:EnglandWales 2023-03-01 2024-02-29 01349269 2023-02-28 01349269 core:ConstructionInProgressAssetsUnderConstruction 2023-02-28 01349269 core:FurnitureFittingsToolsEquipment 2023-02-28 01349269 core:LandBuildings 2023-02-28 01349269 core:MotorVehicles 2023-02-28 01349269 2022-03-01 2023-02-28 01349269 2023-02-28 01349269 core:CurrentFinancialInstruments 2023-02-28 01349269 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 01349269 core:ConstructionInProgressAssetsUnderConstruction 2023-02-28 01349269 core:FurnitureFittingsToolsEquipment 2023-02-28 01349269 core:LandBuildings 2023-02-28 01349269 core:MotorVehicles 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 01349269

B. Conway (Mechanical Handling) Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024

 

B. Conway (Mechanical Handling) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

B. Conway (Mechanical Handling) Limited

(Registration number: 01349269)
Statement of Financial Position as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

218,748

263,255

Current assets

 

Stocks

3,627

8,710

Debtors

5

1,125,819

940,439

Cash at bank and in hand

 

226,036

154,634

 

1,355,482

1,103,783

Creditors: Amounts falling due within one year

6

(156,694)

(73,851)

Net current assets

 

1,198,788

1,029,932

Total assets less current liabilities

 

1,417,536

1,293,187

Provisions for liabilities

(48,763)

(59,183)

Net assets

 

1,368,773

1,234,004

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,368,673

1,233,904

Shareholders' funds

 

1,368,773

1,234,004

 

B. Conway (Mechanical Handling) Limited

(Registration number: 01349269)
Statement of Financial Position as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
Mrs V Conway
Director

.........................................
Mr M J Conway
Director

.........................................
Mr A M Conway
Director

     
 

B. Conway (Mechanical Handling) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hamilton Street
Oldham
Lancashire
OL4 1DA
United Kingdom

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with FRS102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

B. Conway (Mechanical Handling) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

12.5% straight line

Plant and machinery

20% reducing balance

Fixtures and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Trucks for hire

20%-33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

B. Conway (Mechanical Handling) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Leasehold property
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Trucks for hire
£

Total
£

Cost or valuation

At 1 March 2023

65,329

171,025

-

1,034,204

1,270,558

Additions

-

-

18,767

24,245

43,012

At 29 February 2024

65,329

171,025

18,767

1,058,449

1,313,570

Depreciation

At 1 March 2023

62,279

169,114

-

775,910

1,007,303

Charge for the year

763

318

2,346

84,092

87,519

At 29 February 2024

63,042

169,432

2,346

860,002

1,094,822

Carrying amount

At 29 February 2024

2,287

1,593

16,421

198,447

218,748

At 28 February 2023

3,050

1,911

-

258,294

263,255

 

B. Conway (Mechanical Handling) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

146,313

69,900

Prepayments

57,293

18,268

Other debtors

922,213

852,271

 

1,125,819

940,439

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

33,746

28,152

Taxation and social security

88,707

11,580

Accruals and deferred income

31,145

33,038

Other creditors

3,096

1,081

156,694

73,851

7

Related party transactions

Summary of transactions with other related parties

B. Conway (Tail Lifts) Limited

The directors of B. Conway (Tail Lifts) Limited are also the directors of B. Conway (Mechanical Handling Limited.

At the balance sheet date the amount due from B. Conway (Tail Lifts) Limited was £922,213 (2023 - £843,387).
This amount is repayable on demand and no interest has been charged on the balance.