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REGISTERED NUMBER: 06632933 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

HDM Engineering Services Ltd

HDM Engineering Services Ltd (Registered number: 06632933)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HDM Engineering Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T J McGlynn
A C C Dell
D P Howarth
Mrs J A Howarth
Mrs R McGlynn
Mrs L G Dell





REGISTERED OFFICE: Hollows Chapel
Shawclough Road
Rochdale
Lancashire
OL12 6LN





REGISTERED NUMBER: 06632933 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

HDM Engineering Services Ltd (Registered number: 06632933)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 110,098 125,303

CURRENT ASSETS
Inventories 5 215,000 294,001
Debtors 6 242,477 182,944
Cash at bank and in hand 479,209 404,519
936,686 881,464
CREDITORS
Amounts falling due within one year 7 502,918 388,588
NET CURRENT ASSETS 433,768 492,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

543,866

618,179

CREDITORS
Amounts falling due after more than
one year

8

(20,465

)

(30,465

)

PROVISIONS FOR LIABILITIES 9 (19,850 ) (22,671 )
NET ASSETS 503,551 565,043

HDM Engineering Services Ltd (Registered number: 06632933)

Statement of Financial Position - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 503,401 564,893
SHAREHOLDERS' FUNDS 503,551 565,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 January 2025 and were signed on its behalf by:





A C C Dell - Director


HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

HDM Engineering Services Ltd 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to building - 5% on reducing balance
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.


HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Improvements
to to Plant and
building property machinery
£    £    £   
COST
At 1 July 2023 7,202 29,298 147,682
Additions - 5,000 318
At 30 June 2024 7,202 34,298 148,000
DEPRECIATION
At 1 July 2023 4,156 23,934 70,253
Charge for year 456 804 12,754
At 30 June 2024 4,612 24,738 83,007
NET BOOK VALUE
At 30 June 2024 2,590 9,560 64,993
At 30 June 2023 3,046 5,364 77,429

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 34,191 55,728 9,185 283,286
Additions 224 - 1,005 6,547
At 30 June 2024 34,415 55,728 10,190 289,833
DEPRECIATION
At 1 July 2023 17,192 40,558 1,890 157,983
Charge for year 2,549 3,792 1,397 21,752
At 30 June 2024 19,741 44,350 3,287 179,735
NET BOOK VALUE
At 30 June 2024 14,674 11,378 6,903 110,098
At 30 June 2023 16,999 15,170 7,295 125,303

HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVENTORIES
30.6.24 30.6.23
£    £   
Stocks 95,000 128,201
Work-in-progress 120,000 165,800
215,000 294,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade debtors 157,914 125,263
Prepayments and accrued income 84,563 57,681
242,477 182,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 2,747 3,339
Trade creditors 181,184 94,060
Tax 36,900 4,987
Social security and other taxes 5,742 6,141
VAT 42,970 44,262
Other creditors 19,462 22,745
Directors' loan accounts 208,714 207,365
Accrued expenses 5,199 5,689
502,918 388,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 20,465 21,297
Bank loans - 2-5 years - 9,168
20,465 30,465

HDM Engineering Services Ltd (Registered number: 06632933)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 19,850 22,671

Deferred
tax
£   
Balance at 1 July 2023 22,671
Provided during year (2,821 )
Balance at 30 June 2024 19,850