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REGISTERED NUMBER: 06583239 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Concept Engineering (Hull) Limited

Concept Engineering (Hull) Limited (Registered number: 06583239)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Concept Engineering (Hull) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S I Larkin
C Leach





SECRETARY:





REGISTERED OFFICE: 2 - 6 GB Business Park
Wiltshire Road
Kingston upon Hull
East Yorkshire
HU4 6PA





REGISTERED NUMBER: 06583239 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

Concept Engineering (Hull) Limited (Registered number: 06583239)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,133 214,296

CURRENT ASSETS
Stocks 45,800 36,720
Debtors 5 621,475 868,919
Cash at bank and in hand 643,287 530,207
1,310,562 1,435,846
CREDITORS
Amounts falling due within one year 6 551,024 671,306
NET CURRENT ASSETS 759,538 764,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,671

978,836

CREDITORS
Amounts falling due after more than one
year

7

28,702

74,890
NET ASSETS 981,969 903,946

CAPITAL AND RESERVES
Called up share capital 2,003 2,003
Capital redemption reserve 2 2
Retained earnings 979,964 901,941
SHAREHOLDERS' FUNDS 981,969 903,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Concept Engineering (Hull) Limited (Registered number: 06583239)

Balance Sheet - continued
31 May 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 25 February 2025 and were signed on its behalf by:





S I Larkin - Director


Concept Engineering (Hull) Limited (Registered number: 06583239)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Concept Engineering (Hull) 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.

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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost, 15% on cost and 10% on cost

Stocks
Stocks 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 stocks 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 balance sheet date.

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.

Concept Engineering (Hull) Limited (Registered number: 06583239)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 29 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 412,752
Additions 93,351
At 31 May 2024 506,103
DEPRECIATION
At 1 June 2023 198,456
Charge for year 56,514
At 31 May 2024 254,970
NET BOOK VALUE
At 31 May 2024 251,133
At 31 May 2023 214,296

Concept Engineering (Hull) Limited (Registered number: 06583239)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 110,129
Additions 20,495
At 31 May 2024 130,624
DEPRECIATION
At 1 June 2023 29,212
Charge for year 9,503
At 31 May 2024 38,715
NET BOOK VALUE
At 31 May 2024 91,909
At 31 May 2023 80,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 586,504 868,919
Other debtors 34,971 -
621,475 868,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 20,000
Hire purchase contracts 51,432 21,042
Trade creditors 249,902 266,495
Taxation and social security 189,279 272,099
Other creditors 50,411 91,670
551,024 671,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 18,519 28,519
Hire purchase contracts 10,183 46,371
28,702 74,890

Concept Engineering (Hull) Limited (Registered number: 06583239)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is S I Larkin.