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REGISTERED NUMBER: 03293072 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Addison Engineering Company (Hillhouse)
Limited

Addison Engineering Company (Hillhouse)
Limited (Registered number: 03293072)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Addison Engineering Company (Hillhouse)
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr A W Addison
Mr M A Addison





SECRETARY: Mr M A Addison





REGISTERED OFFICE: Hillhouse Business Park
Bourne Road
THORNTON CLEVELEYS
Lancashire
FY5 4QD





REGISTERED NUMBER: 03293072 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Addison Engineering Company (Hillhouse)
Limited (Registered number: 03293072)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 358,781 287,646
Investments 5 571,390 1,517,474
930,171 1,805,120

CURRENT ASSETS
Debtors 859,174 1,614,698
Cash at bank 4,862,736 2,916,681
5,721,910 4,531,379
CREDITORS
Amounts falling due within one year 747,604 895,715
NET CURRENT ASSETS 4,974,306 3,635,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,904,477

5,440,784

PROVISIONS FOR LIABILITIES 69,973 56,797
NET ASSETS 5,834,504 5,383,987

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 5,831,504 5,380,987
SHAREHOLDERS' FUNDS 5,834,504 5,383,987

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 May 2025 and were signed on its behalf by:




Mr M A Addison - Director


Addison Engineering Company (Hillhouse)
Limited (Registered number: 03293072)

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

1. STATUTORY INFORMATION

Addison Engineering Company (Hillhouse) Limited 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.
Improvements to leasehold - Over 15 years straight line
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Amounts recoverable on contracts
Amounts recoverable on contracts are included in debtors and comprise the value of work carried out but not yet invoiced to clients, and is stated after making due allowance for irrecoverable amounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 28 ) .

Addison Engineering Company (Hillhouse)
Limited (Registered number: 03293072)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,157,865
Additions 165,530
Disposals (50,115 )
At 31 May 2024 1,273,280
DEPRECIATION
At 1 June 2023 870,219
Charge for year 76,440
Eliminated on disposal (32,160 )
At 31 May 2024 914,499
NET BOOK VALUE
At 31 May 2024 358,781
At 31 May 2023 287,646

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023 1,517,474
Additions 115,562
Disposals (1,061,646 )
At 31 May 2024 571,390
NET BOOK VALUE
At 31 May 2024 571,390
At 31 May 2023 1,517,474

Addison Engineering Company (Hillhouse)
Limited (Registered number: 03293072)

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

6. RELATED PARTY DISCLOSURES

Addison Engineering Company (Hillhouse) Limited is a company owned by Mr M A Addison.
Addison Engineering Company (Blackpool) Limited, Addison Project plc and Addison Academy Limited are companies where Mr M A Addison is the majority shareholder, Therefore Addison Engineering Company (Blackpool) Limited, Addison Project plc and Addison Academy Limited are related parties by virtue of common control.

The following transactions were undertaken during the year.

Name Description 2024 2023
£ £
Addison Engineering Company (Blackpool) Limited Sales 220 -
Purchases 355,350 261,127
Addison Project plc Sales 300,001 1,132,859
Purchases 182,072 266,768

Management
charge

18,000


18,000
Addison Academy Limited Purchases - -

Addison Engineering Company (Blackpool) Limited provides treasury services to Addison Engineering Company (Hillhouse) Limited under a cash management agreement.
At the balance sheet date Addison Engineering Company (Blackpool) Limited was holding cash balances of £150,000 (2023: £150,000) as agent for Addison Engineering Company (Hillhouse) Limited.


At the balance sheet date there was a net amount due from Addison Project plc of £82,018 (2023:£557,728),a net amount due to Addison Engineering Company (Blackpool) Limited of £353,785 (2023:£846) and a net amount due to Addison Academy Limited of £NIL (2023: £588).

All transactions were undertaken on an arms length basis.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A Addison.