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REGISTERED NUMBER: 04252297 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 August 2024

for

Hyde Diecasting Ltd.

Hyde Diecasting Ltd. (Registered number: 04252297)






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


Hyde Diecasting Ltd.

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr Alan Douglas Mitchell
Mrs Caroline Mitchell
Mr Cameron Hardie Douglas Mitchell



SECRETARY: Mrs Caroline Mitchell



REGISTERED OFFICE: Unit 3 Riverside Works
Stoneholme Industrial Estate
Crawshawbooth
Rossendale
Lancashire
BB4 8BA



REGISTERED NUMBER: 04252297 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: National Westminster Bank plc.

Hyde Diecasting Ltd. (Registered number: 04252297)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 214,630 81,868

CURRENT ASSETS
Stocks 5 544,540 595,000
Debtors 6 965,337 897,756
Cash at bank and in hand 296,666 307,702
1,806,543 1,800,458
CREDITORS
Amounts falling due within one year 7 (414,038 ) (383,817 )
NET CURRENT ASSETS 1,392,505 1,416,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,607,135

1,498,509

PROVISIONS FOR LIABILITIES 9 (30,862 ) (20,467 )
NET ASSETS 1,576,273 1,478,042

CAPITAL AND RESERVES
Called up share capital 10 6 6
Retained earnings 1,576,267 1,478,036
SHAREHOLDERS' FUNDS 1,576,273 1,478,042

Hyde Diecasting Ltd. (Registered number: 04252297)

Balance Sheet - continued
31 August 2024


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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr Alan Douglas Mitchell - Director


Hyde Diecasting Ltd. (Registered number: 04252297)

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

1. STATUTORY INFORMATION

Hyde Diecasting 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 represents the total invoice value, excluding value added tax, of work done during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 12.5% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Hyde Diecasting Ltd. (Registered number: 04252297)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 - 85,732 41,608
Additions 6,251 10,988 5,728
Disposals - (2,470 ) -
At 31 August 2024 6,251 94,250 47,336
DEPRECIATION
At 1 September 2023 - 50,794 12,497
Charge for year - 4,659 3,387
Eliminated on disposal - - -
At 31 August 2024 - 55,453 15,884
NET BOOK VALUE
At 31 August 2024 6,251 38,797 31,452
At 31 August 2023 - 34,938 29,111

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 61,445 10,127 198,912
Additions 152,767 2,979 178,713
Disposals (61,445 ) - (63,915 )
At 31 August 2024 152,767 13,106 313,710
DEPRECIATION
At 1 September 2023 46,459 7,294 117,044
Charge for year 18,582 1,867 28,495
Eliminated on disposal (46,459 ) - (46,459 )
At 31 August 2024 18,582 9,161 99,080
NET BOOK VALUE
At 31 August 2024 134,185 3,945 214,630
At 31 August 2023 14,986 2,833 81,868

5. STOCKS
2024 2023
£    £   
Stocks 544,540 595,000

Hyde Diecasting Ltd. (Registered number: 04252297)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 529,248 659,231
Amounts owed by group undertakings 49 -
Other debtors 2,639 3,859
Prepayments 433,401 234,666
965,337 897,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 175,547 115,002
Amounts owed to group undertakings - 29,160
Tax 110,594 55,812
VAT 88,629 132,299
Other creditors 14,884 11,246
Directors' loan accounts 17,264 33,903
Accrued expenses 7,120 6,395
414,038 383,817

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,063 27,423

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,862 20,467

Deferred
tax
£   
Balance at 1 September 2023 20,467
Provided during year 10,395
Balance at 31 August 2024 30,862

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 Ordinary £1 6 6