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REGISTERED NUMBER: 01448830















Financial Statements for the Year Ended 31 May 2024

for

Addison Engineering Company (Blackpool)
Limited

Addison Engineering Company (Blackpool)
Limited (Registered number: 01448830)






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 (Blackpool)
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr A W Addison
Mr M A Addison





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





REGISTERED NUMBER: 01448830





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

Addison Engineering Company (Blackpool)
Limited (Registered number: 01448830)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 874,650 862,008
Investments 5 561,236 492,579
1,435,886 1,354,587

CURRENT ASSETS
Stocks 701,828 1,019,417
Debtors 1,425,671 1,707,636
Cash at bank and in hand 1,443,956 653,193
3,571,455 3,380,246
CREDITORS
Amounts falling due within one year 785,881 785,399
NET CURRENT ASSETS 2,785,574 2,594,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,221,460

3,949,434

PROVISIONS FOR LIABILITIES 167,882 162,291
NET ASSETS 4,053,578 3,787,143

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 4,003,578 3,737,143
SHAREHOLDERS' FUNDS 4,053,578 3,787,143

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 (Blackpool)
Limited (Registered number: 01448830)

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

1. STATUTORY INFORMATION

Addison Engineering Company (Blackpool) Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Freehold property - not provided
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stock and work in progress
Stock and work in progress are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in first out basis.

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.

Leases
Assets held under finance leases and the related lease obligations are included at the fair value of the leased assets at the inception of the lease. Depreciation on leased assets is calculated to write off this amount on a straight line basis over the shorter of the lease term and the useful life of the asset.

Rentals payable under operating leases are charged on a straight line basis over the lease term.

Pension scheme
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value.

Addison Engineering Company (Blackpool)
Limited (Registered number: 01448830)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 3,735,857
Additions 177,155
Disposals (24,000 )
At 31 May 2024 3,889,012
DEPRECIATION
At 1 June 2023 2,873,849
Charge for year 163,944
Eliminated on disposal (23,431 )
At 31 May 2024 3,014,362
NET BOOK VALUE
At 31 May 2024 874,650
At 31 May 2023 862,008

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023 492,579
Additions 68,657
At 31 May 2024 561,236
NET BOOK VALUE
At 31 May 2024 561,236
At 31 May 2023 492,579

Addison Engineering Company (Blackpool)
Limited (Registered number: 01448830)

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

6. RELATED PARTY DISCLOSURES

Addison Engineering Company (Blackpool) Limited is a company owned by Mr M A Addison.
Addison Engineering Company (Hillhouse) Limited, Addison Project plc and Addison Academy Limited are companies where Mr M A Addison is the majority shareholder, Therefore Addison Engineering Company (Hillhouse) 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 2023 2023
£    £   
Addison Engineering Company (Hillhouse) Limited Sales 355,350 261,127
Purchases 220 345
Addison Project plc Sales 275,179 14,733
Purchases 121,266 256,136
Management charge 18,000 18,000
Addison Academy Limited Purchases 6,698 7,140
Addison Engineering Company (Blackpool) Limited provides treasury services to Addison Engineering Company (Hillhouse) Limited and Addison Project plc 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 and -£1,107,237 (2023: -£364,000) as agent for Addison Project plc.

At the balance sheet date there was a net amount due to Addison Project plc of £16,178 (2023: £157,660 debtor), a net amount due from Addison Engineering Company (Hillhouse) Limited of £353,785 (2023: £846) and a net amount due from Addison Academy Limited of £nil (2023: £nil).

All transactions were undertaken on an arms length basis.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M A Addison.