Registration number: 04479230

M H Pneumatics Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

M H Pneumatics Limited

Company Information

Directors

J Doe S J Doe D Schofield

Registered office

Unit E Manby Hall Business Park Immingham DN40 2LT

M H Pneumatics Limited

(Registration number: 04479230)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,040	4,177
Current assets
Stocks	5	73,433	73,433
Debtors	6	238,436	229,832
Cash at bank and in hand		1,145	535
		313,014	303,800
Creditors: Amounts falling due within one year	7	(172,196)	(158,504)
Net current assets		140,818	145,296
Total assets less current liabilities		143,858	149,473
Provisions for liabilities		(760)	(1,044)
Net assets		143,098	148,429
Capital and reserves
Called up share capital	9	50,000	50,000
Retained earnings		93,098	98,429
Shareholders' funds		143,098	148,429

For the financial year ending 31 December 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

M H Pneumatics Limited

(Registration number: 04479230)
Balance Sheet as at 31 December 2024

......................................... J Doe Director

......................................... S J Doe Director

......................................... D Schofield Director

M H Pneumatics Limited

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

1	General information

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

The address of its registered office is:
Unit E
Manby Hall Business Park
Immingham
DN40 2LT

These financial statements were authorised for issue by the Board on 19 September 2025.

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.

The financial statements are prepared for the individual entity in sterling, the functional currency of the company, and are rounded to the nearest pound,

Going concern
The financial statements have been prepared on a going concern basis.

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.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

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 corporation 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.

M H Pneumatics Limited

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	25% Straight Line
Motor Vehicles	25% Reducing Balance
Plant & Machinery	15% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

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.

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.

M H Pneumatics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company contributes to certain employees personal pension schemes in accordance with statutory automatic enrolment legislation outlined under the the Pensions Act 2008. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 5 (2023 - 7).

M H Pneumatics Limited

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	10,535	39,361	13,600	63,496
At 31 December 2024	10,535	39,361	13,600	63,496
Depreciation
At 1 January 2024	10,535	37,671	11,113	59,319
Charge for the year	-	515	622	1,137
At 31 December 2024	10,535	38,186	11,735	60,456
Carrying amount
At 31 December 2024	-	1,175	1,865	3,040
At 31 December 2023	-	1,690	2,487	4,177

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Stocks

	2024 £	2023 £
Other inventories	73,433	73,433

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		65,743	89,935
Amounts owed by related parties		171,379	138,479
Prepayments		1,314	1,418
		238,436	229,832

M H Pneumatics Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings		52,443	70,485
Trade creditors		83,277	50,893
Taxation and social security		32,331	28,706
Accruals and deferred income		3,445	3,280
Other creditors		700	5,140
		172,196	158,504

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £52,443 (2023: £70,485)

8	Parent and ultimate parent undertaking

The ultimate controlling party is Mr & Mrs SJ Doe by virtue of their 100% ownership of the parent company of Endotec Limited, Endotec Group Limited, also registered in England and Wales..

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Share Capital of £1 each	50,000	50,000	50,000	50,000