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Company Registration No. 08491947 (England and Wales)
HML Engineering Services Limited Unaudited accounts for the year ended 30 April 2024
HML Engineering Services Limited Unaudited accounts Contents
Page
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HML Engineering Services Limited Company Information for the year ended 30 April 2024
Directors
Mr M I Lovett Mrs H Lovett
Company Number
08491947 (England and Wales)
Registered Office
Unit 5 Sunrise Complex Simmonds Road Wincheap Industrial Estate Canterbury CT1 3RA England
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
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HML Engineering Services Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,780 
7,822 
Current assets
Inventories
14,439 
14,439 
Debtors
12,981 
25,906 
Cash at bank and in hand
9,509 
7,266 
36,929 
47,611 
Creditors: amounts falling due within one year
(23,186)
(17,540)
Net current assets
13,743 
30,071 
Total assets less current liabilities
19,523 
37,893 
Creditors: amounts falling due after more than one year
(1,775)
(7,009)
Provisions for liabilities
Deferred tax
(1,098)
(1,384)
Net assets
16,650 
29,500 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,648 
29,498 
Shareholders' funds
16,650 
29,500 
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 7 January 2025 and were signed on its behalf by
Mrs H Lovett Director Company Registration No. 08491947
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HML Engineering Services Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
HML Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08491947. The registered office is Unit 5 Sunrise Complex Simmonds Road, Wincheap Industrial Estate, Canterbury, CT1 3RA, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
5% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
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HML Engineering Services Limited Notes to the Accounts for the year ended 30 April 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
58,222 
40,446 
7,056 
105,724 
Additions
1,168 
- 
- 
1,168 
At 30 April 2024
59,390 
40,446 
7,056 
106,892 
Depreciation
At 1 May 2023
50,640 
40,446 
6,816 
97,902 
Charge for the year
2,970 
- 
240 
3,210 
At 30 April 2024
53,610 
40,446 
7,056 
101,112 
Net book value
At 30 April 2024
5,780 
- 
- 
5,780 
At 30 April 2023
7,582 
- 
240 
7,822 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,981 
22,774 
Other debtors
- 
3,132 
12,981 
25,906 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,364 
5,328 
Trade creditors
4,337 
1,398 
Taxes and social security
8,985 
6,314 
Loans from directors
4,500 
4,500 
23,186 
17,540 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,775 
7,009 
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HML Engineering Services Limited Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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