Company registration number: 08772821
Unaudited financial statements
for the year ended 31 December 2024
for
Heming Engineering Limited
Pages for filing with the Registrar
Company registration number: 08772821
Heming Engineering Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Current assets
Stocks 193,446 235,570
Debtors 23,967 42,060
Cash at bank and in hand 2,909 3,390
220,322 281,020
Creditors: amounts falling due within one
year
(237,248) (275,643)
Net current (liabilities)/assets (16,926) 5,377
Creditors: Amounts falling due after more
than one year
4 (33,663) (56,391)
NET LIABILITIES (50,589) (51,014)
Capital and reserves
Called up share capital 1 1
Profit and loss account (50,590) (51,015)
TOTAL EQUITY (50,589) (51,014)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08772821
Heming Engineering Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 April 2025 and signed on its behalf by:
Mr P Heming, Director
29 April 2025
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Heming Engineering Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Heming Engineering Limited is a private company registered in England and Wales. Its registered number is 08772821. The company is limited by shares. Its registered office is Collin Lane, Willersey, WR12 7PE.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 4).
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Heming Engineering Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable by instalments
Bank loans - 10,648
4