H.N.P. Engineers (Lerwick) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC056090 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

H.N.P. Engineers (Lerwick) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I F Walterson

SECRETARY:

Mrs C A Mckay

REGISTERED OFFICE:

5 & 6 Lower Blackhill Industrial Estate

Lerwick

Shetland

ZE1 0DG

REGISTERED NUMBER:

SC056090 (Scotland)

ACCOUNTANTS:

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

FIXED ASSETS

Tangible assets

4

518,092

495,356

Investments

5

25,662

34,178

543,754

529,534

CURRENT ASSETS

Stocks

257,110

265,469

Debtors

6

167,150

134,110

Cash at bank

86,198

114,364

510,458

513,943

CREDITORS

Amounts falling due within one year

7

(73,557

)

(133,094

)

NET CURRENT ASSETS

436,901

380,849

TOTAL ASSETS LESS CURRENT
LIABILITIES

980,655

910,383

CREDITORS

Amounts falling due after more than
one year

8

-

(23,487

)

PROVISIONS FOR LIABILITIES

(7,500

)

(3,450

)

NET ASSETS

973,155

883,446

CAPITAL AND RESERVES

Called up share capital

9

2,685

Capital redemption reserve

45,502

Retained earnings

924,968

835,259

SHAREHOLDERS' FUNDS

973,155

883,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 August 2026 and were signed by:

Mr I F Walterson - Director

1.	STATUTORY INFORMATION

H.N.P. Engineers (Lerwick) 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.

Tangible fixed assets

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

Freehold property

-

Not Depreciated

Long leasehold

-

over lease term

Plant and machinery

-

20% on reducing balance

Commercial vehicles

-

20% 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

Commercial

property

leasehold

machinery

vehicles

Totals

£

COST

At 1 December 2024

461,614

13,427

149,440

67,225

691,706

Additions

-

1,043

31,690

32,733

Disposals

-

(14,949

)

(35,200

)

(50,149

)

At 30 November 2025

461,614

13,427

135,534

63,715

674,290

DEPRECIATION

At 1 December 2024

-

142,118

54,232

196,350

Charge for year

-

1,122

5,592

6,714

Eliminated on disposal

-

(14,459

)

(32,407

)

(46,866

)

At 30 November 2025

-

128,781

27,417

156,198

NET BOOK VALUE

At 30 November 2025

461,614

13,427

6,753

36,298

518,092

At 30 November 2024

461,614

13,427

7,322

12,993

495,356

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2024

34,178

Additions

6,484

Disposals

(15,000

)

At 30 November 2025

25,662

NET BOOK VALUE

At 30 November 2025

25,662

At 30 November 2024

34,178

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

143,811

130,480

Other debtors

23,339

3,630

167,150

134,110

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

18,090

20,160

Trade creditors

24,024

41,752

Taxation and social security

18,626

14,495

Other creditors

12,817

56,687

73,557

133,094

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

-

23,487

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2,685

Ordinary

£1

2,685