REGISTERED NUMBER: 02619970 (England and Wales)

HANDLING EQUIPMENT SALES

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R G Gordon

Mrs K A Gordon

SECRETARY:

Mrs K A Gordon

REGISTERED OFFICE:

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

02619970 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

4

80,663

39,018

CURRENT ASSETS

Stocks

79,776

66,480

Debtors

5

209,214

274,013

Cash at bank and in hand

7,065

68,890

296,055

409,383

CREDITORS

Amounts falling due within one year

6

115,915

177,120

NET CURRENT ASSETS

180,140

232,263

TOTAL ASSETS LESS CURRENT LIABILITIES

260,803

271,281

CREDITORS

Amounts falling due after more than one year

7

(15,988

)

(27,475

)

PROVISIONS FOR LIABILITIES

(9,350

)

(8,011

)

NET ASSETS

235,465

235,795

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

234,465

234,795

SHAREHOLDERS' FUNDS

235,465

235,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

R G Gordon - Director

1.	STATUTORY INFORMATION

Handling Equipment Sales Limited 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.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

54,623

108,322

162,945

Additions

2,260

65,485

67,745

At 31 December 2024

56,883

173,807

230,690

DEPRECIATION

At 1 January 2024

46,736

77,191

123,927

Charge for year

1,522

24,578

26,100

At 31 December 2024

48,258

101,769

150,027

NET BOOK VALUE

At 31 December 2024

8,625

72,038

80,663

At 31 December 2023

7,887

31,131

39,018

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

202,196

272,195

Prepayments and accrued income

7,018

1,818

209,214

274,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

2,450

8,105

Trade creditors

79,387

66,578

Taxation and social security

23,213

85,320

Other creditors

10,865

17,117

115,915

177,120

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

15,988

25,025

Hire purchase contracts

-

2,450

15,988

27,475

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

800

Ordinary A

£1

800

800

100

Ordinary B

£1

100

100

50

Ordinary C

£1

50

50

50

Ordinary D

£1

50

50

1,000

1,000

9.	RELATED PARTY DISCLOSURES

The company was under the control of Mr Gordon throughout the current and previous tear. Mr Gordon is the managing director and majority shareholder.