Hickman Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03756714 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2020

FOR

HICKMAN ENGINEERING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Whitehouse

B Beer

REGISTERED OFFICE:

Unit 1, Landywood Lane

Cheslyn Hay

Walsall

West Midlands

WS6 7AL

REGISTERED NUMBER:

03756714 (England and Wales)

FIXED ASSETS

Tangible assets

4

40,862

45,315

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

196,490

182,633

Cash at bank

99,196

11,776

297,686

196,409

CREDITORS

Amounts falling due within one year

206,447

155,536

NET CURRENT ASSETS

91,239

40,873

TOTAL ASSETS LESS CURRENT LIABILITIES

132,101

86,188

CREDITORS

Amounts falling due after more than one year

(49,167

)

-

PROVISIONS FOR LIABILITIES

(7,610

)

(7,864

)

NET ASSETS

75,324

78,324

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,224

78,224

SHAREHOLDERS' FUNDS

75,324

78,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 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 Income Statement and an abridged Balance Sheet for the year ended 31st May 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd February 2021 and were signed on its behalf by:

S Whitehouse - Director

1.	STATUTORY INFORMATION

Hickman 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 10% 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 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

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 7 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2019

93,613

Additions

1,750

At 31st May 2020

95,363

DEPRECIATION

At 1st June 2019

48,298

Charge for year

6,203

At 31st May 2020

54,501

NET BOOK VALUE

At 31st May 2020

40,862

At 31st May 2019

45,315