Handling and Storage Equipment Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: NI007122

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		190,850		196,991

			190,850		196,991
CURRENT ASSETS
Stocks	5	919,803		738,321
Debtors	6	694,447		791,241
Cash at bank and in hand		876,228		567,370

		2,490,478		2,096,932
Creditors: Amounts Falling Due Within One Year	7	(1,446,708 )		(1,132,163 )

NET CURRENT ASSETS (LIABILITIES)			1,043,770		964,769

TOTAL ASSETS LESS CURRENT LIABILITIES			1,234,620		1,161,760

Creditors: Amounts Falling Due After More Than One Year	8		(69,124 )		(105,907 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(44,578 )		(32,606 )

NET ASSETS			1,120,918		1,023,247

CAPITAL AND RESERVES
Called up share capital	11		333,432		333,432
Capital redemption reserve			166,668		166,668
Profit and Loss Account			620,818		523,147

SHAREHOLDERS' FUNDS			1,120,918		1,023,247

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Handling and Storage Equipment Company Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Robin Alexander

Director

11 November 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Handling and Storage Equipment Company Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI007122 . The registered office is Unit 20 Blaris Industrial Estate, Altona Road, Lisburn, Co Antrim, BT27 5QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Handling and Storage Equipment Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 33 (2024: 33)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	14,812	526,443	58,888	600,143
Additions	-	63,995	13,245	77,240
Disposals	-	(113,203 )	-	(113,203 )

As at 31 March 2025	14,812	477,235	72,133	564,180

Depreciation
As at 1 April 2024	12,978	338,494	51,680	403,152
Provided during the period	536	71,602	3,263	75,401
Disposals	-	(105,223 )	-	(105,223 )

As at 31 March 2025	13,514	304,873	54,943	373,330

Net Book Value
As at 31 March 2025	1,298	172,362	17,190	190,850

As at 1 April 2024	1,834	187,949	7,208	196,991

5. Stocks

	2025	2024
	£	£
Stock	768,951	636,664
Work in progress	150,852	101,657

	919,803	738,321

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Handling and Storage Equipment Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	513,913	542,273
Amounts owed by group undertakings	155,017	199,961
Other debtors	25,517	49,007

	694,447	791,241

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	54,892	52,595
Trade creditors	913,899	687,108
Bank loans and overdrafts	31,250	62,500
Amounts owed to group undertakings	232,630	162,086
Other creditors	48,629	78,219
Taxation and social security	165,408	89,655

	1,446,708	1,132,163

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	69,124	74,657
Bank loans	-	31,250

	69,124	105,907

9. Secured Creditors

Under group banking arrangements group borrowings are secured by fixed charges over premises and book debts and by floating charges over other assets of the group companies and are repayable on demand.

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	72,507	67,039
Later than one year and not later than five years	69,124	74,657

	141,631	141,696
Less: Finance charges allocated to future periods	17,615	14,444

	124,016	127,252

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	333,432	333,432

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Handling and Storage Equipment Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Capital Commitments

	2025	2024
	£	£
At the end of the period	87,143	87,143

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements.

13. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Management Charges Paid £	Loan Balances owed to/ (by) Handling & Storage Equipment Limited at Year End £	Trade Balances owed to/ (by) Handling & Storage Equipment Limited at Year end £
Transactions with controlling entity	-	-	208,000	155,017	-
Transactions with other Related Parties	584,704	143,240	-	(232,630)	-

14. Ultimate Controlling Party

The company's ultimate controlling party is The Alexander Group Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.

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