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REGISTERED NUMBER: 00902172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Charles Hyde & Son Limited

Charles Hyde & Son Limited (Registered number: 00902172)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charles Hyde & Son Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: J L Hyde
Mrs L Holbrough





REGISTERED OFFICE: Office F1 Beverley Enterprise
Beck View Road
Beverley
East Yorkshire
HU17 0JT





REGISTERED NUMBER: 00902172 (England and Wales)





ACCOUNTANTS: Dymond Accountants
Office F1,
Beverley Enterprise Centre
Beck View Road
Beverley
East Yorkshire
HU17 0JT

Charles Hyde & Son Limited (Registered number: 00902172)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,649 488,226

CURRENT ASSETS
Debtors 5 22,500 20,000
Cash at bank and in hand 300,402 268,835
322,902 288,835
CREDITORS
Amounts falling due within one year 6 23,942 7,329
NET CURRENT ASSETS 298,960 281,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,609

769,732

CAPITAL AND RESERVES
Called up share capital 30,968 30,968
Capital redemption reserve 19,432 19,432
Retained earnings 688,209 719,332
738,609 769,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Charles Hyde & Son Limited (Registered number: 00902172)

Balance Sheet - continued
31st March 2023


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 Board of Directors and authorised for issue on 3rd August 2023 and were signed on its behalf by:





Mrs L Holbrough - Director


Charles Hyde & Son Limited (Registered number: 00902172)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Charles Hyde & Son 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% Cost
Plant and machinery etc - 25% on reducing balance

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 2 (2022 - 2 ) .

Charles Hyde & Son Limited (Registered number: 00902172)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 690,892 376,418 1,067,310
Disposals - (33,059 ) (33,059 )
At 31st March 2023 690,892 343,359 1,034,251
DEPRECIATION
At 1st April 2022 248,723 330,361 579,084
Charge for year 13,818 3,766 17,584
Eliminated on disposal - (2,066 ) (2,066 )
At 31st March 2023 262,541 332,061 594,602
NET BOOK VALUE
At 31st March 2023 428,351 11,298 439,649
At 31st March 2022 442,169 46,057 488,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 22,500 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 17,131 1,640
Other creditors 6,811 5,689
23,942 7,329

7. ULTIMATE CONTROLLING PARTY

For the purposes of the related party disclosure provisions of the Financial Reporting standard for Smaller Entities, the company is controlled by L Holbrough who owns 67.5% of the ordinary £1 shares.