IRIS Accounts Production v23.1.5.20 SC382060 Board of Directors 1.9.21 31.8.22 31.8.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3820602021-08-31SC3820602022-08-31SC3820602021-09-012022-08-31SC3820602020-08-31SC3820602020-09-012021-08-31SC3820602021-08-31SC382060ns15:Scotland2021-09-012022-08-31SC382060ns14:PoundSterling2021-09-012022-08-31SC382060ns10:Director12021-09-012022-08-31SC382060ns10:PrivateLimitedCompanyLtd2021-09-012022-08-31SC382060ns10:SmallEntities2021-09-012022-08-31SC382060ns10:AuditExemptWithAccountantsReport2021-09-012022-08-31SC382060ns10:SmallCompaniesRegimeForDirectorsReport2021-09-012022-08-31SC382060ns10:SmallCompaniesRegimeForAccounts2021-09-012022-08-31SC382060ns10:FullAccounts2021-09-012022-08-31SC38206012021-09-012022-08-31SC382060ns10:Director22021-09-012022-08-31SC382060ns10:RegisteredOffice2021-09-012022-08-31SC382060ns5:CurrentFinancialInstruments2022-08-31SC382060ns5:CurrentFinancialInstruments2021-08-31SC382060ns5:Non-currentFinancialInstruments2022-08-31SC382060ns5:Non-currentFinancialInstruments2021-08-31SC382060ns5:ShareCapital2022-08-31SC382060ns5:ShareCapital2021-08-31SC382060ns5:RetainedEarningsAccumulatedLosses2022-08-31SC382060ns5:RetainedEarningsAccumulatedLosses2021-08-31SC382060ns5:NetGoodwill2021-09-012022-08-31SC382060ns5:LeaseholdImprovements2021-09-012022-08-31SC382060ns5:PlantMachinery2021-09-012022-08-31SC382060ns5:FurnitureFittings2021-09-012022-08-31SC382060ns5:ComputerEquipment2021-09-012022-08-31SC382060ns5:NetGoodwill2021-08-31SC382060ns5:NetGoodwill2022-08-31SC382060ns5:NetGoodwill2021-08-31SC382060ns5:LeaseholdImprovements2021-08-31SC382060ns5:PlantMachinery2021-08-31SC382060ns5:FurnitureFittings2021-08-31SC382060ns5:ComputerEquipment2021-08-31SC382060ns5:LeaseholdImprovements2022-08-31SC382060ns5:PlantMachinery2022-08-31SC382060ns5:FurnitureFittings2022-08-31SC382060ns5:ComputerEquipment2022-08-31SC382060ns5:LeaseholdImprovements2021-08-31SC382060ns5:PlantMachinery2021-08-31SC382060ns5:FurnitureFittings2021-08-31SC382060ns5:ComputerEquipment2021-08-31SC382060ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31SC382060ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-08-31SC382060ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-31SC382060ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2021-08-31SC382060ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-31SC382060ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2021-08-31SC382060ns5:DeferredTaxation2021-08-31SC382060ns5:DeferredTaxation2021-09-012022-08-31SC382060ns5:DeferredTaxation2022-08-31SC3820601ns10:Director12021-08-31SC3820601ns10:Director12020-08-31SC3820601ns10:Director12021-09-012022-08-31SC3820601ns10:Director12020-09-012021-08-31SC3820601ns10:Director12022-08-31SC3820601ns10:Director12021-08-31SC382060ns10:Director222021-08-31SC382060ns10:Director222020-08-31SC382060ns10:Director222021-09-012022-08-31SC382060ns10:Director222020-09-012021-08-31SC382060ns10:Director222022-08-31SC382060ns10:Director222021-08-31
REGISTERED NUMBER: SC382060 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

JOHN HUTCHESON LIMITED

JOHN HUTCHESON LIMITED (REGISTERED NUMBER: SC382060)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

JOHN HUTCHESON LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2022







DIRECTORS: J P S Hutcheson BDS
Mrs H Hutcheson





REGISTERED OFFICE: 230 Rosemount Place
Rosemount
Aberdeen
AB25 2XT





REGISTERED NUMBER: SC382060 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

JOHN HUTCHESON LIMITED (REGISTERED NUMBER: SC382060)

BALANCE SHEET
31 August 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,527 3,711
3,527 3,711

CURRENT ASSETS
Stocks 6 3,500 3,500
Debtors 7 120,447 120,948
Cash at bank 15,020 23,451
138,967 147,899
CREDITORS
Amounts falling due within one year 8 103,402 105,384
NET CURRENT ASSETS 35,565 42,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,092

46,226

CREDITORS
Amounts falling due after more than one year 9 (33,140 ) (44,928 )

PROVISIONS FOR LIABILITIES 10 (262 ) (130 )
NET ASSETS 5,690 1,168

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,590 1,068
SHAREHOLDERS' FUNDS 5,690 1,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.

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 9 October 2023 and were signed on its behalf by:




J P S Hutcheson BDS - Director


JOHN HUTCHESON LIMITED (REGISTERED NUMBER: SC382060)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

John Hutcheson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Dental equipment - 20% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

JOHN HUTCHESON LIMITED (REGISTERED NUMBER: SC382060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2021
and 31 August 2022 544,000
AMORTISATION
At 1 September 2021
and 31 August 2022 544,000
NET BOOK VALUE
At 31 August 2022 -
At 31 August 2021 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Dental and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2021 14,590 73,024 4,071 16,678 108,363
Additions - - 338 897 1,235
At 31 August 2022 14,590 73,024 4,409 17,575 109,598
DEPRECIATION
At 1 September 2021 14,590 73,023 3,122 13,917 104,652
Charge for year - 1 286 1,132 1,419
At 31 August 2022 14,590 73,024 3,408 15,049 106,071
NET BOOK VALUE
At 31 August 2022 - - 1,001 2,526 3,527
At 31 August 2021 - 1 949 2,761 3,711

6. STOCKS
2022 2021
£    £   
Stocks 3,500 3,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 964 1,630
Other debtors 31,946 -
Directors' current accounts 72,221 68,469
Tax - 30,679
Accrued income 10,316 10,830
Prepayments 5,000 9,340
120,447 120,948

JOHN HUTCHESON LIMITED (REGISTERED NUMBER: SC382060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 11,887 11,315
Trade creditors 4,864 16,676
Tax 66,724 65,410
Social security and other taxes 1,007 3,097
Other creditors 7,111 6,246
Accrued expenses 11,809 2,640
103,402 105,384

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 12,494 11,887
Bank loans - 2-5 years 20,646 33,041
33,140 44,928

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 262 130

Deferred
tax
£   
Balance at 1 September 2021 130
Provided during year 132
Balance at 31 August 2022 262

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2022 and 31 August 2021:

2022 2021
£    £   
J P S Hutcheson BDS
Balance outstanding at start of year 34,234 47,198
Amounts advanced 165,293 92,942
Amounts repaid (163,417 ) (105,906 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,110 34,234

Mrs H Hutcheson
Balance outstanding at start of year 34,234 47,198
Amounts advanced 75,200 92,942
Amounts repaid (73,324 ) (105,906 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,110 34,234

The loans are unsecured and there are no repayment terms.

Interest was charged at a rate of 2% per annum.

JOHN HUTCHESON LIMITED (REGISTERED NUMBER: SC382060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2022

12. ULTIMATE CONTROLLING PARTY

The controlling party is J P S Hutcheson BDS.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JOHN HUTCHESON LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Hutcheson Limited for the year ended 31 August 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of John Hutcheson Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Hutcheson Limited and state those matters that we have agreed to state to the Board of Directors of John Hutcheson Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Hutcheson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Hutcheson Limited. You consider that John Hutcheson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Hutcheson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


10 October 2023