2022-05-012023-04-302023-04-30false12551780HUTCH LOGISTICS LTD2023-10-0947910iso4217:GBPxbrli:pure125517802022-05-01125517802023-04-30125517802022-05-012023-04-30125517802021-05-01125517802022-04-30125517802021-05-012022-04-3012551780bus:SmallEntities2022-05-012023-04-3012551780bus:AuditExempt-NoAccountantsReport2022-05-012023-04-3012551780bus:AbridgedAccounts2022-05-012023-04-3012551780bus:PrivateLimitedCompanyLtd2022-05-012023-04-3012551780core:WithinOneYear2023-04-3012551780core:AfterOneYear2023-04-3012551780core:WithinOneYear2022-04-3012551780core:AfterOneYear2022-04-3012551780core:ShareCapital2023-04-3012551780core:SharePremium2023-04-3012551780core:RevaluationReserve2023-04-3012551780core:OtherReservesSubtotal2023-04-3012551780core:RetainedEarningsAccumulatedLosses2023-04-3012551780core:ShareCapital2022-04-3012551780core:SharePremium2022-04-3012551780core:RevaluationReserve2022-04-3012551780core:OtherReservesSubtotal2022-04-3012551780core:RetainedEarningsAccumulatedLosses2022-04-3012551780core:LandBuildings2023-04-3012551780core:PlantMachinery2023-04-3012551780core:Vehicles2023-04-3012551780core:FurnitureFittings2023-04-3012551780core:OfficeEquipment2023-04-3012551780core:NetGoodwill2023-04-3012551780core:IntangibleAssetsOtherThanGoodwill2023-04-3012551780core:ListedExchangeTraded2023-04-3012551780core:UnlistedNon-exchangeTraded2023-04-3012551780core:LandBuildings2022-04-3012551780core:PlantMachinery2022-04-3012551780core:Vehicles2022-04-3012551780core:FurnitureFittings2022-04-3012551780core:OfficeEquipment2022-04-3012551780core:NetGoodwill2022-04-3012551780core:IntangibleAssetsOtherThanGoodwill2022-04-3012551780core:ListedExchangeTraded2022-04-3012551780core:UnlistedNon-exchangeTraded2022-04-3012551780core:LandBuildings2022-05-012023-04-3012551780core:PlantMachinery2022-05-012023-04-3012551780core:Vehicles2022-05-012023-04-3012551780core:FurnitureFittings2022-05-012023-04-3012551780core:OfficeEquipment2022-05-012023-04-3012551780core:NetGoodwill2022-05-012023-04-3012551780core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3012551780core:ListedExchangeTraded2022-05-012023-04-3012551780core:UnlistedNon-exchangeTraded2022-05-012023-04-3012551780core:MoreThanFiveYears2022-05-012023-04-3012551780core:Non-currentFinancialInstruments2023-04-3012551780core:Non-currentFinancialInstruments2022-04-3012551780dpl:CostSales2022-05-012023-04-3012551780dpl:DistributionCosts2022-05-012023-04-3012551780dpl:AdministrativeExpenses2022-05-012023-04-3012551780core:LandBuildings2022-05-012023-04-3012551780core:PlantMachinery2022-05-012023-04-3012551780core:Vehicles2022-05-012023-04-3012551780core:FurnitureFittings2022-05-012023-04-3012551780core:OfficeEquipment2022-05-012023-04-3012551780core:NetGoodwill2022-05-012023-04-3012551780core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3012551780dpl:GroupUndertakings2022-05-012023-04-3012551780dpl:ParticipatingInterests2022-05-012023-04-3012551780dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3012551780core:ListedExchangeTraded2022-05-012023-04-3012551780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3012551780core:UnlistedNon-exchangeTraded2022-05-012023-04-3012551780dpl:CostSales2021-05-012022-04-3012551780dpl:DistributionCosts2021-05-012022-04-3012551780dpl:AdministrativeExpenses2021-05-012022-04-3012551780core:LandBuildings2021-05-012022-04-3012551780core:PlantMachinery2021-05-012022-04-3012551780core:Vehicles2021-05-012022-04-3012551780core:FurnitureFittings2021-05-012022-04-3012551780core:OfficeEquipment2021-05-012022-04-3012551780core:NetGoodwill2021-05-012022-04-3012551780core:IntangibleAssetsOtherThanGoodwill2021-05-012022-04-3012551780dpl:GroupUndertakings2021-05-012022-04-3012551780dpl:ParticipatingInterests2021-05-012022-04-3012551780dpl:GroupUndertakingscore:ListedExchangeTraded2021-05-012022-04-3012551780core:ListedExchangeTraded2021-05-012022-04-3012551780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-05-012022-04-3012551780core:UnlistedNon-exchangeTraded2021-05-012022-04-3012551780core:NetGoodwill2023-04-3012551780core:IntangibleAssetsOtherThanGoodwill2023-04-3012551780core:LandBuildings2023-04-3012551780core:PlantMachinery2023-04-3012551780core:Vehicles2023-04-3012551780core:FurnitureFittings2023-04-3012551780core:OfficeEquipment2023-04-3012551780core:AfterOneYear2023-04-3012551780core:WithinOneYear2023-04-3012551780core:ListedExchangeTraded2023-04-3012551780core:UnlistedNon-exchangeTraded2023-04-3012551780core:ShareCapital2023-04-3012551780core:SharePremium2023-04-3012551780core:RevaluationReserve2023-04-3012551780core:OtherReservesSubtotal2023-04-3012551780core:RetainedEarningsAccumulatedLosses2023-04-3012551780core:NetGoodwill2022-04-3012551780core:IntangibleAssetsOtherThanGoodwill2022-04-3012551780core:LandBuildings2022-04-3012551780core:PlantMachinery2022-04-3012551780core:Vehicles2022-04-3012551780core:FurnitureFittings2022-04-3012551780core:OfficeEquipment2022-04-3012551780core:AfterOneYear2022-04-3012551780core:WithinOneYear2022-04-3012551780core:ListedExchangeTraded2022-04-3012551780core:UnlistedNon-exchangeTraded2022-04-3012551780core:ShareCapital2022-04-3012551780core:SharePremium2022-04-3012551780core:RevaluationReserve2022-04-3012551780core:OtherReservesSubtotal2022-04-3012551780core:RetainedEarningsAccumulatedLosses2022-04-3012551780core:NetGoodwill2021-05-0112551780core:IntangibleAssetsOtherThanGoodwill2021-05-0112551780core:LandBuildings2021-05-0112551780core:PlantMachinery2021-05-0112551780core:Vehicles2021-05-0112551780core:FurnitureFittings2021-05-0112551780core:OfficeEquipment2021-05-0112551780core:AfterOneYear2021-05-0112551780core:WithinOneYear2021-05-0112551780core:ListedExchangeTraded2021-05-0112551780core:UnlistedNon-exchangeTraded2021-05-0112551780core:ShareCapital2021-05-0112551780core:SharePremium2021-05-0112551780core:RevaluationReserve2021-05-0112551780core:OtherReservesSubtotal2021-05-0112551780core:RetainedEarningsAccumulatedLosses2021-05-0112551780core:AfterOneYear2022-05-012023-04-3012551780core:WithinOneYear2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:CostValuation2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-012023-04-3012551780core:Non-currentFinancialInstrumentscore:CostValuation2023-04-3012551780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-3012551780core:Non-currentFinancialInstrumentscore:CostValuation2022-04-3012551780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-3012551780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-3012551780bus:Director12022-05-012023-04-3012551780bus:Director22022-05-012023-04-30125517801bus:Director12022-05-01125517801bus:Director12022-05-012023-04-30125517801bus:Director12023-04-30125517802bus:Director22022-05-01125517802bus:Director22022-05-012023-04-30125517802bus:Director22023-04-30125517802022-05-01125517802022-05-012023-04-30125517802023-04-30

HUTCH LOGISTICS LTD

Registered Number
12551780
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2023

HUTCH LOGISTICS LTD
Company Information
for the year from 1 May 2022 to 30 April 2023

Directors

CHAM, Sait
TOOGOOD, Benjamin

Registered Address

Hutch Logistics Ltd
1 Atholl Road
Chelmsford
CM2 6TB

Registered Number

12551780 (England and Wales)
HUTCH LOGISTICS LTD
Balance Sheet as at
30 April 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets640,0981,096
40,0981,096
Current assets
Debtors8211,81384,395
Cash at bank and on hand149,977161,247
361,790245,642
Creditors amounts falling due within one year9(208,556)(297,229)
Net current assets (liabilities)153,234(51,587)
Total assets less current liabilities193,332(50,491)
Creditors amounts falling due after one year10(146,938)-
Net assets46,394(50,491)
Capital and reserves
Called up share capital11
Share premium53,78253,782
Profit and loss account(7,389)(104,274)
Shareholders' funds46,394(50,491)
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2023, and are signed on its behalf by:
TOOGOOD, Benjamin
Director
Registered Company No. 12551780
HUTCH LOGISTICS LTD
Notes to the Financial Statements
for the year ended 30 April 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery6
Fixtures and fittings6
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Prior period and policy change adjustments
A Prior Year adjustment was required to correct an error in the previous accounting period. The impact on the accounts are as follows: CR P&L - £2,000 CR VAT - £400 DR Creditors - £2,400 CR P&L - £3,686 DR Other Creditors - £3,686
5.Employee information

20232022
Average number of employees during the year154
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 May 221,593
Additions42,945
At 30 April 2344,178
Depreciation and impairment
At 01 May 22497
Charge for year3,943
At 30 April 234,081
Net book value
At 30 April 2340,098
At 30 April 221,096
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
CHAM, Sait23,64781,47948,19156,935
TOOGOOD, Benjamin(27,692)27,69200
(4,045)109,17148,19156,935
During the period, the above loans and repayments were made to Directors. At the period end, Sait Cham owed £56,935 to the Company. The company settled it's debt with Benjamin Toogood during the year and no further monies are owed.
8.Debtors

2023

2022

££
Trade debtors / trade receivables24,99433,823
Other debtors182,95550,572
Prepayments and accrued income3,864-
Total211,81384,395
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables98,731141,877
Taxation and social security70,49520,440
Other creditors38,08098,713
Accrued liabilities and deferred income1,25036,199
Total208,556297,229
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts108,267-
Other creditors38,671-
Total146,938-