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REGISTERED NUMBER: 01316321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HOWDON POWER TRANSMISSION LIMITED

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOWDON POWER TRANSMISSION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: H Miles
H S Pinkney
F B M Slama





SECRETARY: Mrs L K Pinkney





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Paganhill lane
Cainscross
Stroud
Gloucestershire
GL5 4JN





REGISTERED NUMBER: 01316321 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224,535 238,384

CURRENT ASSETS
Stocks 5 480,939 494,094
Debtors 6 127,587 263,896
Cash at bank and in hand 342,675 265,193
951,201 1,023,183
CREDITORS
Amounts falling due within one year 7 193,533 248,205
NET CURRENT ASSETS 757,668 774,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

982,203

1,013,362

CREDITORS
Amounts falling due after more than one
year

8

(69,473

)

(75,064

)

PROVISIONS FOR LIABILITIES (13,191 ) (15,119 )
NET ASSETS 899,539 923,179

CAPITAL AND RESERVES
Called up share capital 9,157 9,083
Share premium 50,844 46,918
Retained earnings 839,538 867,178
SHAREHOLDERS' FUNDS 899,539 923,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




H Miles - Director H S Pinkney - Director




F B M Slama - Director


HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Howdon Power Transmission Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced amount of goods manufactured of transmission products stated net of credit notes and value added tax. Sales are made within the United Kingdom (46%); the European Community (6%) and the USA (48%).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost of buildings
Improvements to property - 10% on cost, 7.5% on cost and 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Cost is derived as purchase price.

Depreciation is charged from the date of acquisition to the date of disposal at the above rates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
There are no material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern since the company has sufficient cash and reserves available to be able to continue as a going concern for at least the next 12 months.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 215,792 108,423 134,742
Additions - - -
At 30 April 2024 215,792 108,423 134,742
DEPRECIATION
At 1 May 2023 47,474 43,417 133,120
Charge for year 4,316 8,424 1,622
At 30 April 2024 51,790 51,841 134,742
NET BOOK VALUE
At 30 April 2024 164,002 56,582 -
At 30 April 2023 168,318 65,006 1,622

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 2,822 25,148 486,927
Additions 1,640 - 1,640
At 30 April 2024 4,462 25,148 488,567
DEPRECIATION
At 1 May 2023 2,375 22,157 248,543
Charge for year 149 978 15,489
At 30 April 2024 2,524 23,135 264,032
NET BOOK VALUE
At 30 April 2024 1,938 2,013 224,535
At 30 April 2023 447 2,991 238,384

5. STOCKS
2024 2023
£    £   
Stocks 480,939 494,094

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,269 219,392
VAT 6,224 24,019
Prepayments 21,094 20,485
127,587 263,896

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,457 6,457
Payments on account 22,248 22,882
Trade creditors 135,814 183,083
UK Corporation tax 2,570 6,699
Social security and other taxes 3,341 6,114
Other creditors 13 609
Pension Control Account 855 -
Directors' loan accounts 18,652 18,778
Accruals and deferred income 3,583 3,583
193,533 248,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,457 6,457
Bank loans - 2-5 years 19,370 19,370
Bank loans 43,646 49,237
69,473 75,064

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 43,646 49,237

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage with HSBC 75,929 81,520

The debenture dated 16 January 2013 is held at HSBC Bank Plc.

The debenture is secured on the property known as Howdon Power Transmission Limited, Paganhill Lane, Cainscross, Stroud, Gloucestershire, GL5 4JT.

The Hire purchase agreement with HSBC ended in July 2022 and security over the associated assets has now completed.

HOWDON POWER TRANSMISSION LIMITED (REGISTERED NUMBER: 01316321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
H Miles
Balance outstanding at start of year (6,467 ) (6,103 )
Amounts advanced 354 538
Amounts repaid (312 ) (902 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,425 ) (6,467 )

T G Wilkins
Balance outstanding at start of year (11,924 ) (12,150 )
Amounts advanced 354 538
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,882 ) (11,924 )

H S Pinkney
Balance outstanding at start of year (387 ) (23 )
Amounts advanced 354 536
Amounts repaid (312 ) (900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (345 ) (387 )

No interest is being charged on the loans from the directors and there are no set repayment terms.