Hawk Precision Engineering Limited 06646846 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is precision engineering. Digita Accounts Production Advanced 6.30.9574.0 true 06646846 2023-10-01 2024-09-30 06646846 2024-09-30 06646846 core:RetainedEarningsAccumulatedLosses 2024-09-30 06646846 core:ShareCapital 2024-09-30 06646846 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 06646846 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 06646846 core:CurrentFinancialInstruments 2024-09-30 06646846 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 06646846 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 06646846 core:Goodwill 2024-09-30 06646846 core:FurnitureFittingsToolsEquipment 2024-09-30 06646846 core:MotorVehicles 2024-09-30 06646846 core:OtherPropertyPlantEquipment 2024-09-30 06646846 bus:SmallEntities 2023-10-01 2024-09-30 06646846 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06646846 bus:FullAccounts 2023-10-01 2024-09-30 06646846 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06646846 bus:RegisteredOffice 2023-10-01 2024-09-30 06646846 bus:Director1 2023-10-01 2024-09-30 06646846 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06646846 core:Goodwill 2023-10-01 2024-09-30 06646846 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 06646846 core:MotorVehicles 2023-10-01 2024-09-30 06646846 core:OfficeEquipment 2023-10-01 2024-09-30 06646846 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 06646846 core:PlantMachinery 2023-10-01 2024-09-30 06646846 countries:EnglandWales 2023-10-01 2024-09-30 06646846 2023-09-30 06646846 core:Goodwill 2023-09-30 06646846 core:FurnitureFittingsToolsEquipment 2023-09-30 06646846 core:MotorVehicles 2023-09-30 06646846 core:OtherPropertyPlantEquipment 2023-09-30 06646846 2022-09-01 2023-09-30 06646846 2023-09-30 06646846 core:RetainedEarningsAccumulatedLosses 2023-09-30 06646846 core:ShareCapital 2023-09-30 06646846 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 06646846 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-30 06646846 core:CurrentFinancialInstruments 2023-09-30 06646846 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06646846 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 06646846 core:Goodwill 2023-09-30 06646846 core:FurnitureFittingsToolsEquipment 2023-09-30 06646846 core:MotorVehicles 2023-09-30 06646846 core:OtherPropertyPlantEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 06646846

Hawk Precision Engineering Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Hawk Precision Engineering Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Hawk Precision Engineering Limited

(Registration number: 06646846)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

31,624

51,541

Current assets

 

Debtors

6

26,974

17,050

Cash at bank and in hand

 

2,500

90,000

 

29,474

107,050

Creditors: Amounts falling due within one year

7

(42,575)

(78,674)

Net current (liabilities)/assets

 

(13,101)

28,376

Total assets less current liabilities

 

18,523

79,917

Creditors: Amounts falling due after more than one year

7

(3,945)

(6,934)

Provisions for liabilities

-

(12,885)

Net assets

 

14,578

60,098

Capital and reserves

 

Called up share capital

6

6

Retained earnings

14,572

60,092

Shareholders' funds

 

14,578

60,098

For the financial year ending 30 September 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.

 

Hawk Precision Engineering Limited

(Registration number: 06646846)
Balance Sheet as at 30 September 2024

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 Profit and Loss Account.

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

.........................................
S J Fletcher
Director

 

Hawk Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

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 Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

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.

The current 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.

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

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.

 

Hawk Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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

Fixtures, fittings and computer equipment

straight line over 5 years/ straight line over 3 years

Motor vehicles

20% reducing balance

Plant and machinery

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

Goodwill

straight line over 10 years

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

Hawk Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

15,000

15,000

At 30 September 2024

15,000

15,000

Amortisation

At 1 October 2023

15,000

15,000

At 30 September 2024

15,000

15,000

Carrying amount

At 30 September 2024

-

-

At 30 September 2023

-

-

5

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

7,345

67,768

145,789

220,902

Additions

505

-

-

505

Disposals

(4,308)

(37,233)

(43,067)

(84,608)

At 30 September 2024

3,542

30,535

102,722

136,799

Depreciation

At 1 October 2023

5,276

47,165

116,920

169,361

Charge for the year

1,180

3,062

4,528

8,770

Eliminated on disposal

(4,179)

(31,938)

(36,839)

(72,956)

At 30 September 2024

2,277

18,289

84,609

105,175

Carrying amount

At 30 September 2024

1,265

12,246

18,113

31,624

At 30 September 2023

2,069

20,603

28,869

51,541

 

Hawk Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

22,635

11,722

Other debtors

4,339

5,328

 

26,974

17,050

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

17,462

13,536

Trade creditors

 

19,306

25,648

Taxation and social security

 

-

6,529

Other creditors

 

5,807

32,961

 

42,575

78,674

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,945

6,934

 

Hawk Precision Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdraft

6,968

7,135

Hire purchase

10,494

6,401

17,462

13,536

2024
£

2023
£

Non-current loans and borrowings

Hire purchase

3,945

6,934