Handmark Engineering Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01680897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

HANDMARK ENGINEERING COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Mellen

Mr J D Mellen

Mrs S Mellen

SECRETARY:

Mr G Mellen

REGISTERED OFFICE:

Unit 4 Park Road Industrial

Estate Park Road

Barrow In Furness

Cumbria

LA14 4EQ

REGISTERED NUMBER:

01680897 (England and Wales)

BANKERS:

Weatherbys Bank

Sanders Road

Wellingborough

Northamptonshire

NN8 4BX

FIXED ASSETS

Tangible assets

4

1,257,816

1,100,438

Investments

5

1,000

485,216

1,258,816

1,585,654

CURRENT ASSETS

Stocks

2,768,800

2,788,000

Debtors

6

1,786,734

4,518,682

Cash at bank and in hand

1,115,379

13,435,048

5,670,913

20,741,730

CREDITORS

Amounts falling due within one year

4,507,273

5,898,335

NET CURRENT ASSETS

1,163,640

14,843,395

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,422,456

16,429,049

CREDITORS

Amounts falling due after more than one
year

(58,608

)

(594,627

)

PROVISIONS FOR LIABILITIES

(126,131

)

(249,779

)

NET ASSETS

2,237,717

15,584,643

CAPITAL AND RESERVES

Called up share capital

7

1,694

Capital redemption reserve

53,550

Retained earnings

2,182,473

15,529,399

SHAREHOLDERS' FUNDS

2,237,717

15,584,643

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

Mr G Mellen - Director

1.	STATUTORY INFORMATION

Handmark Engineering Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 50 (2025 - 50 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

2,642,380

Additions

305,368

Disposals

(97,147

)

At 31 January 2026

2,850,601

DEPRECIATION

At 1 February 2025

1,541,942

Charge for year

110,527

Eliminated on disposal

(59,684

)

At 31 January 2026

1,592,785

NET BOOK VALUE

At 31 January 2026

1,257,816

At 31 January 2025

1,100,438

The net book value of tangible fixed assets includes £108,427 in respect of assets held under hire purchase agreements (2025: £54,420). The amount of depreciation in respect of such assets amounted to £28,091 for the financial year (2025: £13,605)..

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2025

485,216

Disposals

(484,216

)

At 31 January 2026

1,000

NET BOOK VALUE

At 31 January 2026

1,000

At 31 January 2025

485,216

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.26

31.1.25

£

Other debtors

-

2,681,701

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

694

A Ordinary

£1

694

-

100

B Ordinary

£1

100

-

200

C Ordinary

£1

200

-

500

D Ordinary

£1

500

-

200

E Ordinary

£1

200

-

1,694

-

Allotted and issued:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

NIL

Share capital 1

£1

-

894

NIL

Share capital 2

£1

-

800

-

1,694

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

Mr G Mellen

Balance outstanding at start of year

-

27,021

Amounts repaid

-

(27,021

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is HMK Topco Ltd.