Company registration number:
01114562
Haverly Systems Europe Limited
Unaudited filleted financial statements
31 March 2025
Brooking Ruse
Chartered Accountants
2 Stafford Place
Weston-super-Mare
Somerset
BS23 2QZ
Haverly Systems Europe Limited
Statement of financial position
31 March 2025
|
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2025 |
|
2024 |
|
|
|
|
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
4,682 |
|
6,242 |
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|
|
|
_______ |
|
_______ |
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|
|
|
|
|
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|
|
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Current assets |
|
|
206,937 |
|
191,088 |
|
|
|
|
|
|
|
|
|
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|
Creditors: amounts falling due within one year |
|
|
(
4,224) |
|
(
2,892) |
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|
|
|
_______ |
|
_______ |
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|
|
|
|
|
|
|
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Net current assets |
|
|
202,713 |
|
188,196 |
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|
|
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|
_______ |
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_______ |
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Total assets less current liabilities |
|
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207,395 |
|
194,438 |
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|
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Accruals and deferred income |
|
|
(
19,172) |
|
(
18,749) |
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|
|
|
|
|
|
|
|
|
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|
_______ |
|
_______ |
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Net assets |
|
|
188,223 |
|
175,689 |
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_______ |
|
_______ |
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|
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Capital and reserves |
|
|
188,223 |
|
175,689 |
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|
|
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_______ |
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_______ |
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Notes to the financial statements
Haverly Systems Europe Limited
Year ended 31 March 2025
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2024:
4
).
2.
Foreign currency
The company receives most of its income in US Dollars. Accumulated USD get converted to Sterling. All transactions are carried out at appropriate rates of exchange. At any time, the company is holding part of its assets in STG and part in USD. The company has to revalue the USD holding at the start and the end of the year. Fluctuations in exchange rates can effect the profits of the company by as much as plus or minus £10,000 in some years. The company tried to counter this by choosing when to sell its USD. This can both make a small profit for the company and helps smooth the exchange rate. The company's holdings in USD at the end and the start of the year were valued as follows: 31.03.2025
$114,547 at 1.292 totalling £88,659 31.03.2024
$64,843 at 1.263 totalling £51,341
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
15 August 2025
, and are signed on behalf of the board by:
Dr M Fieldhouse
Director
Company registration number:
01114562
The company is a private company limited by shares, registered in England and Wales.