REGISTERED NUMBER: 05358670 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

HAIG ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C I Bailey

T J Clark

SECRETARY:

Mrs A Bailey

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

05358670 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

137,558

186,401

137,558

186,401

CURRENT ASSETS

Stocks

48,000

45,000

Debtors

6

278,638

188,870

Cash at bank

147,417

213,789

474,055

447,659

CREDITORS

Amounts falling due within one year

7

186,595

149,963

NET CURRENT ASSETS

287,460

297,696

TOTAL ASSETS LESS CURRENT LIABILITIES

425,018

484,097

CREDITORS

Amounts falling due after more than one year

8

(48,058

)

(67,945

)

PROVISIONS FOR LIABILITIES

(34,390

)

(47,514

)

NET ASSETS

342,570

368,638

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

342,568

368,636

342,570

368,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th June 2026 and were signed on its behalf by:

C I Bailey - Director

T J Clark - Director

1.	STATUTORY INFORMATION

Haig Engineering 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

and 31st March 2026

54,000

AMORTISATION

At 1st April 2025

and 31st March 2026

54,000

NET BOOK VALUE

At 31st March 2026

-

At 31st March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

754,568

Additions

500

Disposals

(2,643

)

At 31st March 2026

752,425

DEPRECIATION

At 1st April 2025

568,167

Charge for year

48,449

Eliminated on disposal

(1,749

)

At 31st March 2026

614,867

NET BOOK VALUE

At 31st March 2026

137,558

At 31st March 2025

186,401

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2025

and 31st March 2026

110,480

DEPRECIATION

At 1st April 2025

27,620

Charge for year

20,715

At 31st March 2026

48,335

NET BOOK VALUE

At 31st March 2026

62,145

At 31st March 2025

82,860

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

202,614

151,734

Other debtors

76,024

37,136

278,638

188,870

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

19,886

19,886

Trade creditors

68,016

15,308

Taxation and social security

90,002

85,847

Other creditors

8,691

28,922

186,595

149,963

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

48,058

67,945

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

C I Bailey

Balance outstanding at start of year

11,790

37,784

Amounts advanced

250

-

Amounts repaid

(12,000

)

(25,994

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

40

11,790

T J Clark

Balance outstanding at start of year

12,000

37,900

Amounts advanced

250

-

Amounts repaid

(12,073

)

(25,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

177

12,000

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors and equal shareholders, Mr T.J. Clark and Mr C. Bailey.