HMB Machinists and Engineers Limited - Accounts to registrar (filleted) - small 18.2

HMB Machinists and Engineers Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 00689916(England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2018

for

HMB Machinists and Engineers Limited

HMB Machinists and Engineers Limited (Registered number: 00689916)






Contents of the Financial Statements
For The Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HMB Machinists and Engineers Limited

Company Information
For The Year Ended 31 March 2018







DIRECTORS: Mr Terry Anthony Bown
Mrs Margaret Bown





SECRETARY: Mrs Margaret Bown





REGISTERED OFFICE: Meadow Lane Industrial Estate
Alfreton
Derbyshire
DE55 7EZ





REGISTERED NUMBER: 00689916(England and Wales)





ACCOUNTANTS: Pedley & Co.
Chartered Certified Accountants
82 Nottingham Road
Somercotes
Alfreton
Derbyshire
DE55 4LY

HMB Machinists and Engineers Limited (Registered number: 00689916)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 752 917

CURRENT ASSETS
Stocks 400 500
Debtors 5 757 2,457
Cash at bank and in hand 18,759 27,502
19,916 30,459
CREDITORS
Amounts falling due within one year 6 20,310 24,771
NET CURRENT (LIABILITIES)/ASSETS (394 ) 5,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

358

6,605

CAPITAL AND RESERVES
Called up share capital 8,332 8,332
Capital redemption reserve (73,566 ) (73,566 )
Retained earnings 65,592 71,839
SHAREHOLDERS' FUNDS 358 6,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 November 2018and were signed on its behalf
by:





Mr Terry Anthony Bown- Director


HMB Machinists and Engineers Limited (Registered number: 00689916)

Notes to the Financial Statements
For The Year Ended 31 March 2018

1. STATUTORY INFORMATION

HMB Machinists and Engineers 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2017 - 2) .

HMB Machinists and Engineers Limited (Registered number: 00689916)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2017
and 31 March 2018 62,129 10,136 3,200 75,465
DEPRECIATION
At 1 April 2017 61,935 9,594 3,019 74,548
Charge for year 39 81 45 165
At 31 March 2018 61,974 9,675 3,064 74,713
NET BOOK VALUE
At 31 March 2018 155 461 136 752
At 31 March 2017 194 542 181 917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 522 1,994
Other debtors 235 463
757 2,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 300 -
Trade creditors 672 1,093
Taxation and social security 104 4,892
Other creditors 19,234 18,786
20,310 24,771