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REGISTERED NUMBER: 03160006 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

HESKIN FABRICATIONS LTD

HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HESKIN FABRICATIONS LTD

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr S J F Hogan
Mr A P Makinson
Mr R A Davidson
Mr C Allen





REGISTERED OFFICE: Unit 6
Centurion Court
Off Wheelton Lane
Leyland
Lancashire
PR25 3UQ





REGISTERED NUMBER: 03160006 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,204 78,639

CURRENT ASSETS
Stocks 5 48,913 11,803
Debtors 6 347,346 500,670
Cash at bank 24,004 117,750
420,263 630,223
CREDITORS
Amounts falling due within one year 7 472,379 238,481
NET CURRENT (LIABILITIES)/ASSETS (52,116 ) 391,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,088

470,381

PROVISIONS FOR LIABILITIES - 14,111
NET ASSETS 19,088 456,270

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 18,988 456,170
SHAREHOLDERS' FUNDS 19,088 456,270

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

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

HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

Balance Sheet - continued
31st March 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 17th March 2025 and were signed on its behalf by:





Mr C Allen - Director


HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Heskin Fabrications 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the yearr 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 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
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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Going concern
The accounts have been prepared on the going concern basis and this is based upon the continued support of the company's director and shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 42 ) .

HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1st April 2023 - 41,601 714,518
Additions 2,682 - 2,836
At 31st March 2024 2,682 41,601 717,354
DEPRECIATION
At 1st April 2023 - 41,601 641,184
Charge for year 149 - 11,287
At 31st March 2024 149 41,601 652,471
NET BOOK VALUE
At 31st March 2024 2,533 - 64,883
At 31st March 2023 - - 73,334

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2023 47,921 20,800 824,840
Additions - - 5,518
At 31st March 2024 47,921 20,800 830,358
DEPRECIATION
At 1st April 2023 45,893 17,523 746,201
Charge for year 697 820 12,953
At 31st March 2024 46,590 18,343 759,154
NET BOOK VALUE
At 31st March 2024 1,331 2,457 71,204
At 31st March 2023 2,028 3,277 78,639

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,709 2,461
Work-in-progress 47,204 9,342
48,913 11,803

HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 295,724 491,431
Other debtors 1,958 -
Tax refund due - 4,847
Prepayments and accrued income 49,664 4,392
347,346 500,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 243,808 175,705
Amounts owed to group undertakings 229 -
Social security and other taxes 53,375 55,858
Other creditors 420 509
Factoring account 153,158 -
Directors' current accounts 15,000 -
Accrued expenses 6,389 6,409
472,379 238,481

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 148,675 66,675
Between one and five years 248,125 179,807
In more than five years - 5,160
396,800 251,642

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Factoring Account 153,158 -

Praetura Invoice Finance Limited have a fixed and floating charge over all the property or undertaking of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

HESKIN FABRICATIONS LTD (REGISTERED NUMBER: 03160006)

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

11. RELATED PARTY DISCLOSURES

At the 31 March 2024 the company owed the directors £15,000. No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Casard Holdings Limited.

On the 31st May 2023 100% of the share capital was purchased by Casard Holding Limited. Mr R Davidson and Mr C Allen control the company via their interest in the parent company, Casard Holdings Limited.