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REGISTERED NUMBER: 00732397 (England and Wales)















HORDERN ENGINEERING SUPPLIES LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






HORDERN ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 00732397)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HORDERN ENGINEERING SUPPLIES LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: JA Pask





SECRETARY: SL Pask





REGISTERED OFFICE: High Trees, 36 Vicarage Road,
Penn
Wolverhampton
West Midlands
WV4 5JA





REGISTERED NUMBER: 00732397 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

HORDERN ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 00732397)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250 340
Investment property 5 175,000 175,000
175,250 175,340

CURRENT ASSETS
Cash at bank 21,860 23,222

CREDITORS
Amounts falling due within one year 6 7,648 7,496
NET CURRENT ASSETS 14,212 15,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,462

191,066

PROVISIONS FOR LIABILITIES 38,834 38,834
NET ASSETS 150,628 152,232

CAPITAL AND RESERVES
Called up share capital 7 550 550
Fair value reserve 8 116,501 116,501
Retained earnings 33,577 35,181
SHAREHOLDERS' FUNDS 150,628 152,232

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HORDERN ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 00732397)

Balance Sheet - continued
31 August 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 director and authorised for issue on 10 March 2025 and were signed by:





J A Pask - Director


HORDERN ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 00732397)

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


1. STATUTORY INFORMATION

Hordern Engineering Supplies 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 as modified by the revaluation of certain assets.

There were no material departures from that standard.

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.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HORDERN ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 00732397)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or 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.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 9,526
DEPRECIATION
At 1 September 2023 9,186
Charge for year 90
At 31 August 2024 9,276
NET BOOK VALUE
At 31 August 2024 250
At 31 August 2023 340

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 175,000
NET BOOK VALUE
At 31 August 2024 175,000
At 31 August 2023 175,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 1981 25,494
Valuation in 2017 79,841
Valuation in 2018 50,000
Cost 19,665
175,000

HORDERN ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 00732397)

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


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 19,665 19,665

Investment property was valued on an open market basis on 31 August 2024 by the Director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 2,606 2,615
Other creditors 5,042 4,881
7,648 7,496

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
550 Ordinary 1 550 550

8. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 116,501

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A Pask.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hordern Engineering Supplies Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hordern Engineering Supplies Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hordern Engineering Supplies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hordern Engineering Supplies Limited and state those matters that we have agreed to state to the director of Hordern Engineering Supplies Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hordern Engineering Supplies Limited and its director for our work or for this report.

It is your duty to ensure that Hordern Engineering Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hordern Engineering Supplies Limited. You consider that Hordern Engineering Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hordern Engineering Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


10 March 2025