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REGISTERED NUMBER: 05207243 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HASWELL ENTERPRISES LTD.

HASWELL ENTERPRISES LTD. (REGISTERED NUMBER: 05207243)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HASWELL ENTERPRISES LTD.

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTOR: K A Haswell



REGISTERED OFFICE: Seven Stars House
1 Wheler Road
Coventry
CV3 4LB



REGISTERED NUMBER: 05207243 (England and Wales)



BANKERS: Barclays Bank PLC
Town Hall Square
Leicester
LE87 2BB

HASWELL ENTERPRISES LTD. (REGISTERED NUMBER: 05207243)

ABRIDGED BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 225,553 144,782

CURRENT ASSETS
Stocks 271,174 378,766
Debtors 642,914 648,800
Cash at bank and in hand 160,564 402,437
1,074,652 1,430,003
CREDITORS
Amounts falling due within one year 341,418 551,572
NET CURRENT ASSETS 733,234 878,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,787

1,023,213

CREDITORS
Amounts falling due after more than one
year

(48,876

)

(131,471

)

PROVISIONS FOR LIABILITIES (51,799 ) (41,334 )
NET ASSETS 858,112 850,408

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 857,112 849,408
858,112 850,408

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 director acknowledges his 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.

HASWELL ENTERPRISES LTD. (REGISTERED NUMBER: 05207243)

ABRIDGED BALANCE SHEET - continued
31 August 2024


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 August 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 director and authorised for issue on 30 May 2025 and were signed by:





K A Haswell - Director


HASWELL ENTERPRISES LTD. (REGISTERED NUMBER: 05207243)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Haswell Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's place of business address is Unit 7 Stenson Road, Whitwick Business Park, Coalville, LE67 4JP.

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 20% on cost
Fixtures & fittings - 25% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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 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.

HASWELL ENTERPRISES LTD. (REGISTERED NUMBER: 05207243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 245,042
Additions 155,680
Disposals (39,078 )
At 31 August 2024 361,644
DEPRECIATION
At 1 September 2023 100,260
Charge for year 44,953
Eliminated on disposal (9,122 )
At 31 August 2024 136,091
NET BOOK VALUE
At 31 August 2024 225,553
At 31 August 2023 144,782

HASWELL ENTERPRISES LTD. (REGISTERED NUMBER: 05207243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2023 37,489
Disposals (37,489 )
Transfer to ownership 22,703
At 31 August 2024 22,703
DEPRECIATION
At 1 September 2023 8,151
Charge for year 8,283
Eliminated on disposal (8,453 )
At 31 August 2024 7,981
NET BOOK VALUE
At 31 August 2024 14,722
At 31 August 2023 29,338

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 10,146 51,797

6. PENSION COMMITMENTS

There are outstanding employer pension commitments at the year end of £871 (2023 - £600).

7. CHARGES

Barclays Security Trustee Limited holds charges over the property and undertaking of the company. Further details can be found on companies house.