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REGISTERED NUMBER: 12046146 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HOLDERNESS TECHNICAL SERVICES LTD

HOLDERNESS TECHNICAL SERVICES LTD (REGISTERED NUMBER: 12046146)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLDERNESS TECHNICAL SERVICES LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: W McFarlane





SECRETARY:





REGISTERED OFFICE: Hilltop Farm
East Newton
Hull
East Yorkshire
HU11 4SD





REGISTERED NUMBER: 12046146 (England and Wales)





ACCOUNTANTS: The Accountancy & Administration Bureau
31 Thornfields
Thorngumbald
East Riding

HOLDERNESS TECHNICAL SERVICES LTD (REGISTERED NUMBER: 12046146)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,063 21,091

CURRENT ASSETS
Stocks 34,234 60,779
Debtors 5 1,566 1,507
Cash at bank 103,867 8,011
139,667 70,297
CREDITORS
Amounts falling due within one year 6 104,718 42,694
NET CURRENT ASSETS 34,949 27,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,012

48,694

CREDITORS
Amounts falling due after more than one
year

7

(4,613

)

(11,659

)

PROVISIONS FOR LIABILITIES (4,266 ) (5,273 )
NET ASSETS 43,133 31,762

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,033 31,662
SHAREHOLDERS' FUNDS 43,133 31,762

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 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.

HOLDERNESS TECHNICAL SERVICES LTD (REGISTERED NUMBER: 12046146)

BALANCE SHEET - continued
30 June 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 12 March 2025 and were signed by:





W McFarlane - Director


HOLDERNESS TECHNICAL SERVICES LTD (REGISTERED NUMBER: 12046146)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Holderness Technical 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
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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

HOLDERNESS TECHNICAL SERVICES LTD (REGISTERED NUMBER: 12046146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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. 4

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 40,113
Additions 6,000
At 30 June 2024 46,113
DEPRECIATION
At 1 July 2023 19,022
Charge for year 10,028
At 30 June 2024 29,050
NET BOOK VALUE
At 30 June 2024 17,063
At 30 June 2023 21,091

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

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 29,030
DEPRECIATION
At 1 July 2023 15,724
Charge for year 8,062
At 30 June 2024 23,786
NET BOOK VALUE
At 30 June 2024 5,244
At 30 June 2023 13,306

HOLDERNESS TECHNICAL SERVICES LTD (REGISTERED NUMBER: 12046146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,566 1,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,500 3,500
Hire purchase contracts 3,201 3,492
Trade creditors 35,822 6,843
Taxation and social security 58,147 22,832
Other creditors 4,048 6,027
104,718 42,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,613 8,458
Hire purchase contracts - 3,201
4,613 11,659

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,201 6,693

The hire purchase debt is secured on the asset held

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,000 (2023 - £17,500) were paid to the director .