Company registration number 14869018 (England and Wales)
HOWE ENGINEERING FABRICATIONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HOWE ENGINEERING FABRICATIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HOWE ENGINEERING FABRICATIONS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
75,271
68,705
Investments
4
795,773
795,773
871,044
864,478
Current assets
Debtors
5
-
0
32,347
Cash at bank and in hand
2,770
15,778
2,770
48,125
Creditors: amounts falling due within one year
6
(543,213)
(693,344)
Net current liabilities
(540,443)
(645,219)
Total assets less current liabilities
330,601
219,259
Creditors: amounts falling due after more than one year
7
(28,333)
(45,333)
Provisions for liabilities
(14,301)
(13,054)
Net assets
287,967
160,872
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
287,867
160,772
Total equity
287,967
160,872

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 April 2026
Mr K R Moore
Director
Company registration number 14869018 (England and Wales)
HOWE ENGINEERING FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Howe Engineering Fabrications Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, United Kingdom, NP20 2DW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
25% straight line
Computers
33% straight line
Motor vehicles
25% reducing balance
1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

HOWE ENGINEERING FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
HOWE ENGINEERING FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
40,926
4,332
2,300
27,293
74,851
Additions
11,391
459
194
12,100
24,144
Disposals
(355)
-
0
-
0
(1,228)
(1,583)
At 31 December 2025
51,962
4,791
2,494
38,165
97,412
Depreciation and impairment
At 1 January 2025
2,346
992
484
2,324
6,146
Depreciation charged in the year
6,847
1,182
802
7,524
16,355
Eliminated in respect of disposals
(53)
-
0
-
0
(307)
(360)
At 31 December 2025
9,140
2,174
1,286
9,541
22,141
Carrying amount
At 31 December 2025
42,822
2,617
1,208
28,624
75,271
At 31 December 2024
38,580
3,340
1,816
24,969
68,705
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
795,773
795,773
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
25,000
Other debtors
-
0
7,347
-
0
32,347
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
17,000
17,000
Amounts owed to group undertakings
317,351
382,060
Other creditors
208,862
294,284
543,213
693,344
HOWE ENGINEERING FABRICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
28,333
45,333
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
10
10
10
10
Ordinary B shares of £1 each
90
90
90
90
100
100
100
100
9
Related party transactions

During the year, the company was loaned money by Howe Engineering Limited a company with a common director. At the year end, the amount owed to Howe Engineering Limited was £317,351 (2024 - £382,060) this amount is included in creditors: amounts falling due within one year.

10
Directors' transactions

Dividends totalling £41,300 (2024 - £42,525) were paid in the year in respect of shares held by the company's director.

Advances or credits have been granted by the company to its directors as follows:

Advances
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors Loan
-
225
41,056
(41,300)
(19)
225
41,056
(41,300)
(19)
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