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Registration number: NI650361

Hasson Engineering Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Hasson Engineering Solutions Limited

(Registration number: NI650361)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

26,955

Current assets

 

Work in progress

5

-

12,400

Debtors

6

-

17,481

Cash at bank and in hand

 

13,702

21,331

 

13,702

51,212

Creditors: Amounts falling due within one year

7

(12,702)

(48,968)

Net current assets

 

1,000

2,244

Total assets less current liabilities

 

1,000

29,199

Provisions for liabilities

-

(6,651)

Net assets

 

1,000

22,548

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

-

21,548

Shareholders' funds

 

1,000

22,548

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hasson Engineering Solutions Limited

(Registration number: NI650361)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 11 April 2025 and signed on its behalf by:
 

.........................................
Mr Michael Hasson
Director

.........................................
Mrs Karen Hasson
Director

 

Hasson Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 70 Tamlaght Road, Rasharkin, Co. Antrim, BT44 8RL.

These financial statements were authorised for issue by the Board on 11 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Hasson Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Office equipment

20% reducing balance

Software licence

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Work in progress

Work in progress comprises the value of work undertaken in respect of the provision of services as at the reporting date. The value of the work is calculated based on a combination of the degree of completion and the expected fee level.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Hasson Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Hasson Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

63,425

28,454

91,879

Disposals

(63,425)

(28,454)

(91,879)

At 31 March 2025

-

-

-

Depreciation

At 1 April 2024

43,928

20,996

64,924

Charge for the year

19,497

2,458

21,955

Eliminated on disposal

(63,425)

(23,454)

(86,879)

At 31 March 2025

-

-

-

Carrying amount

At 31 March 2025

-

-

-

At 31 March 2024

19,497

7,458

26,955

5

Work in progress

2025
£

2024
£

Work in progress

-

12,400

6

Debtors

Current

2025
£

2024
£

Trade debtors

-

7,410

Prepayments

-

10,071

 

-

17,481

 

Hasson Engineering Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

-

1,286

Taxation and social security

7,098

5,431

Other creditors and accruals

5,604

42,251

12,702

48,968

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

9

Related party transactions

The following balance was owed to the directors at the year end:

2025
 £

2024
 £

Directors current account

102

29,555