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
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
HML Engineering Services Limited
Statement of financial position
as at 30 April 2024
Tangible assets
5,780
7,822
Cash at bank and in hand
9,509
7,266
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)
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
HML Engineering Services Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
HML Engineering Services Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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
At 30 April 2024
59,390
40,446
7,056
106,892
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
At 30 April 2024
5,780
-
-
5,780
At 30 April 2023
7,582
-
240
7,822
Amounts falling due within one year
Trade debtors
12,981
22,774
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
7
Creditors: amounts falling due after more than one year
2024
2023
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).