Humberside Instruments Limited 01855594 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Technical testing and analysis Digita Accounts Production Advanced 6.30.9574.0 true 01855594 2023-11-01 2024-10-31 01855594 2024-10-31 01855594 bus:Director1 1 2024-10-31 01855594 bus:OrdinaryShareClass1 2024-10-31 01855594 core:CapitalRedemptionReserve 2024-10-31 01855594 core:RetainedEarningsAccumulatedLosses 2024-10-31 01855594 core:ShareCapital 2024-10-31 01855594 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 01855594 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 01855594 core:CurrentFinancialInstruments 2024-10-31 01855594 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 01855594 core:Non-currentFinancialInstruments 2024-10-31 01855594 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 01855594 core:FurnitureFittingsToolsEquipment 2024-10-31 01855594 core:MotorVehicles 2024-10-31 01855594 bus:SmallEntities 2023-11-01 2024-10-31 01855594 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 01855594 bus:FilletedAccounts 2023-11-01 2024-10-31 01855594 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 01855594 bus:RegisteredOffice 2023-11-01 2024-10-31 01855594 bus:Director1 2023-11-01 2024-10-31 01855594 bus:Director1 1 2023-11-01 2024-10-31 01855594 bus:Director2 2023-11-01 2024-10-31 01855594 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 01855594 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01855594 core:FurnitureFittings 2023-11-01 2024-10-31 01855594 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 01855594 core:MotorVehicles 2023-11-01 2024-10-31 01855594 1 2023-11-01 2024-10-31 01855594 2 2023-11-01 2024-10-31 01855594 countries:England 2023-11-01 2024-10-31 01855594 2023-10-31 01855594 bus:Director1 1 2023-10-31 01855594 core:FurnitureFittingsToolsEquipment 2023-10-31 01855594 core:MotorVehicles 2023-10-31 01855594 2022-11-01 2023-10-31 01855594 2023-10-31 01855594 bus:OrdinaryShareClass1 2023-10-31 01855594 core:CapitalRedemptionReserve 2023-10-31 01855594 core:RetainedEarningsAccumulatedLosses 2023-10-31 01855594 core:ShareCapital 2023-10-31 01855594 core:HirePurchaseContracts core:CurrentFinancialInstruments core:PriorPeriodErrorIncreaseDecrease 2023-10-31 01855594 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-10-31 01855594 core:CurrentFinancialInstruments 2023-10-31 01855594 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 01855594 core:CurrentFinancialInstruments core:PriorPeriodErrorIncreaseDecrease 2023-10-31 01855594 core:Non-currentFinancialInstruments 2023-10-31 01855594 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 01855594 core:FurnitureFittingsToolsEquipment 2023-10-31 01855594 core:MotorVehicles 2023-10-31 01855594 core:PriorPeriodErrorIncreaseDecrease 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01855594

Humberside Instruments Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Humberside Instruments Limited

(Registration number: 01855594)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,740

70

Current assets

 

Stocks

40,797

20,517

Debtors

5

83,319

74,990

Cash at bank and in hand

 

29,305

28,701

 

153,421

124,208

Creditors: Amounts falling due within one year

6

(137,191)

(96,730)

Net current assets

 

16,230

27,478

Total assets less current liabilities

 

38,970

27,548

Creditors: Amounts falling due after more than one year

6

(33,861)

(22,363)

Net assets

 

5,109

5,185

Capital and reserves

 

Called up share capital

8

5,000

5,000

Capital redemption reserve

2

2

Retained earnings

107

183

Shareholders' funds

 

5,109

5,185

For the financial year ending 31 October 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 


Mrs M Washington
Director

   
 

Humberside Instruments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
15 Barkhouse Lane
Cleethorpes
North East Lincolnshire
DN35 8RA

The company registration number is 01855594.

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 sales/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 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.

 

Humberside Instruments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% on cost

Motor vehicles

25% on cost

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Humberside Instruments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

The business utilises an invoice financing facility. Financial assets and liabilities arising from a sale
are recorded at the transaction price.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2023 - 4).

 

Humberside Instruments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

79,260

52,884

132,144

Additions

26,324

-

26,324

At 31 October 2024

105,584

52,884

158,468

Depreciation

At 1 November 2023

79,190

52,884

132,074

Charge for the year

3,654

-

3,654

At 31 October 2024

82,844

52,884

135,728

Carrying amount

At 31 October 2024

22,740

-

22,740

At 31 October 2023

70

-

70

5

Debtors

2024
£

2023
£

Trade debtors

72,707

72,907

Amounts owed by related parties

8,529

-

Other debtors

2,083

2,083

 

83,319

74,990

 

Humberside Instruments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

60,724

55,077

Trade creditors

 

54,437

14,970

Social security and other taxes

 

20,030

24,671

Other creditors

 

2,000

2,012

 

137,191

96,730

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

33,861

22,363

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,070

14,904

Hire purchase contracts

6,275

-

Invoice finance

44,379

40,173

60,724

55,077

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

17,651

22,363

Hire purchase contracts

16,210

-

33,861

22,363

The invoice finance creditor is secured upon the book debts of the company. Of the bank borrowings, £0 (2023 - £4,494) is secured by a personal guarantee from the director.

Finance lease liabilities are secured against the assets to which they relate.

 

Humberside Instruments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

5,000

5,000

5,000

5,000

       

9

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Mr M Egarr

Director's loan account

-

35,229

(26,700)

8,529

No interest was charged in respect of this loan which is repayable on demand.