REGISTERED NUMBER: SC418561 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

H & F MOIR ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D H Moir

Mrs J A Moir

REGISTERED OFFICE:

Birchwood Works

Kinellar

Aberdeen

AB21 0SH

REGISTERED NUMBER:

SC418561 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Intangible assets

4

74,045

70,032

Tangible assets

5

2,565,749

2,561,178

2,639,794

2,631,210

CURRENT ASSETS

Stocks

6

125,848

128,737

Debtors

7

405,262

559,679

Cash at bank

125,656

68,098

656,766

756,514

CREDITORS

Amounts falling due within one year

8

724,078

834,316

NET CURRENT LIABILITIES

(67,312

)

(77,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,572,482

2,553,408

CREDITORS

Amounts falling due after more than one year

9

(84,110

)

(163,031

)

PROVISIONS FOR LIABILITIES

11

(120,439

)

(132,869

)

NET ASSETS

2,367,933

2,257,508

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Other reserves

864,393

864,393

Retained earnings

1,502,040

1,391,615

SHAREHOLDERS' FUNDS

2,367,933

2,257,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

D H Moir - Director

1.	STATUTORY INFORMATION

H & F Moir Engineering Limited is a private company, limited by shares , registered in Scotland. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Machinery Alpacas

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 20 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

70,032

Additions

4,013

At 31 March 2025

74,045

NET BOOK VALUE

At 31 March 2025

74,045

At 31 March 2024

70,032

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

1,883,413

608,043

595,779

Additions

-

65,263

30,063

Disposals

-

(31,182

)

(13,145

)

At 31 March 2025

1,883,413

642,124

612,697

DEPRECIATION

At 1 April 2024

-

226,998

384,010

Charge for year

-

31,691

55,373

Eliminated on disposal

-

(27,856

)

(12,019

)

At 31 March 2025

-

230,833

427,364

NET BOOK VALUE

At 31 March 2025

1,883,413

411,291

185,333

At 31 March 2024

1,883,413

381,045

211,769

Machinery

Motor

Computer

Alpacas

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

6,454

98,096

30,840

3,222,625

Additions

-

20,000

4,024

119,350

Disposals

-

(275

)

(4,483

)

(49,085

)

At 31 March 2025

6,454

117,821

30,381

3,292,890

DEPRECIATION

At 1 April 2024

3,218

32,161

15,060

661,447

Charge for year

809

18,979

2,476

109,328

Eliminated on disposal

-

(256

)

(3,503

)

(43,634

)

At 31 March 2025

4,027

50,884

14,033

727,141

NET BOOK VALUE

At 31 March 2025

2,427

66,937

16,348

2,565,749

At 31 March 2024

3,236

65,935

15,780

2,561,178

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

52,200

62,000

Work-in-progress

73,648

66,737

125,848

128,737

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

364,972

510,506

VAT

-

11,304

Prepayments and accrued income

40,290

37,869

405,262

559,679

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 10)

60,000

112,509

Hire purchase contracts

18,921

17,648

Trade creditors

331,078

469,527

Tax

110,609

49,574

Social security and other taxes

15,369

25,791

VAT

57,451

-

Other creditors

30,942

28,371

Directors' current accounts

2,006

10,006

Accrued expenses

97,702

120,890

724,078

834,316

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 10)

65,569

125,569

Hire purchase contracts

18,541

37,462

84,110

163,031

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

60,000

112,509

Amounts falling due between one and two years:

Bank Loan due over 1 year

65,569

125,569

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

120,439

132,869

Deferred

tax

£

Balance at 1 April 2024

132,869

Provided during year

(12,430

)

Movement during the year

Balance at 31 March 2025

120,439