Hotchkiss Super Deltic Limited 6337857 true 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Manufacture of diesel engines. Digita Accounts Production Advanced 6.30.9574.0 true Mr Justin Gudgeon true 6337857 2023-09-01 2024-08-31 6337857 2024-08-31 6337857 bus:OrdinaryShareClass1 2024-08-31 6337857 core:RetainedEarningsAccumulatedLosses 2024-08-31 6337857 core:ShareCapital 2024-08-31 6337857 core:SharePremium 2024-08-31 6337857 core:CurrentFinancialInstruments 2024-08-31 6337857 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 6337857 core:Non-currentFinancialInstruments 2024-08-31 6337857 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 6337857 core:OtherResidualIntangibleAssets 2024-08-31 6337857 core:FurnitureFittingsToolsEquipment 2024-08-31 6337857 core:MotorVehicles 2024-08-31 6337857 bus:FRS102 2023-09-01 2024-08-31 6337857 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 6337857 bus:FullAccounts 2023-09-01 2024-08-31 6337857 bus:RegisteredOffice 2023-09-01 2024-08-31 6337857 bus:Director1 2023-09-01 2024-08-31 6337857 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 6337857 bus:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 6337857 bus:Consolidated 2023-09-01 2024-08-31 6337857 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 6337857 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 6337857 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 6337857 core:MotorVehicles 2023-09-01 2024-08-31 6337857 core:OfficeEquipment 2023-09-01 2024-08-31 6337857 countries:England 2023-09-01 2024-08-31 6337857 2023-08-31 6337857 core:OtherResidualIntangibleAssets 2023-08-31 6337857 core:FurnitureFittingsToolsEquipment 2023-08-31 6337857 core:MotorVehicles 2023-08-31 6337857 2023-08-31 6337857 bus:OrdinaryShareClass1 2023-08-31 6337857 core:RetainedEarningsAccumulatedLosses 2023-08-31 6337857 core:ShareCapital 2023-08-31 6337857 core:SharePremium 2023-08-31 6337857 core:CurrentFinancialInstruments 2023-08-31 6337857 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 6337857 core:Non-currentFinancialInstruments 2023-08-31 6337857 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 6337857 core:OtherResidualIntangibleAssets 2023-08-31 6337857 core:FurnitureFittingsToolsEquipment 2023-08-31 6337857 core:MotorVehicles 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 6337857

Hotchkiss Super Deltic Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Hotchkiss Super Deltic Limited

(Registration number: 6337857)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

100,000

100,000

Tangible assets

4

3,237

3,237

 

103,237

103,237

Current assets

 

Stocks

5

14,972

14,972

Debtors

6

345

345

Cash at bank and in hand

 

230

230

 

15,547

15,547

Creditors: Amounts falling due within one year

8

(18,723)

(18,723)

Net current liabilities

 

(3,176)

(3,176)

Total assets less current liabilities

 

100,061

100,061

Creditors: Amounts falling due after more than one year

8

(123,717)

(123,717)

Net liabilities

 

(23,656)

(23,656)

Capital and reserves

 

Called up share capital

9

218,888

218,888

Share premium reserve

15,292

15,292

Retained earnings

(257,836)

(257,836)

Shareholders' deficit

 

(23,656)

(23,656)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 26 November 2024
 

.........................................
Mr Justin Gudgeon
Director

 

Hotchkiss Super Deltic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
Ground Floor Lion House
Willowburn Trading Estate
Alnwick
Northumberland
NE66 2PF
United Kingdom

These financial statements were authorised for issue by the director on 26 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet 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

Office Equipment

25% Straight Line

Furniture & Fittings

20% Straight Line

Motor Vehicles

20% Straight Line

Intangible assets

The intangible asset Intellectual Property is not depreciated but maintained at cost in the balance sheet.

 

Hotchkiss Super Deltic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Research & Development

Asset not depreciated

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 merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

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

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Hotchkiss Super Deltic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Hotchkiss Super Deltic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 September 2023

100,000

100,000

At 31 August 2024

100,000

100,000

Amortisation

Carrying amount

At 31 August 2024

100,000

100,000

At 31 August 2023

100,000

100,000

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

8,757

2,600

11,357

At 31 August 2024

8,757

2,600

11,357

Depreciation

At 1 September 2023

6,560

1,560

8,120

At 31 August 2024

6,560

1,560

8,120

Carrying amount

At 31 August 2024

2,197

1,040

3,237

At 31 August 2023

2,197

1,040

3,237

5

Stocks

2024
£

2023
£

Work in progress

14,972

14,972

6

Debtors

 

Hotchkiss Super Deltic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Current

2024
£

2023
£

Other debtors

345

345

 

345

345

7

Cash and cash equivalents

2024
£

2023
£

Cash on hand

200

200

Cash at bank

29

29

Short-term deposits

1

1

230

230

8

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

17,223

17,223

Accruals

 

1,500

1,500

 

18,723

18,723

Due after one year

 

Loans and borrowings

10

123,717

123,717

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £0.01 each

21,888,888

218,889

21,888,888

218,889

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

123,717

123,717