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REGISTERED NUMBER: 01952006 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

K.K. HUDDLESTON & SONS LIMITED

K.K. HUDDLESTON & SONS LIMITED (REGISTERED NUMBER: 01952006)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.K. HUDDLESTON & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K J Huddleston
D G Huddleston
I P Huddleston





SECRETARY: D G Huddleston





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 01952006 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

K.K. HUDDLESTON & SONS LIMITED (REGISTERED NUMBER: 01952006)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,193,674 1,250,012

CURRENT ASSETS
Stocks 134,464 149,809
Debtors 5 160,561 124,588
Cash at bank 34,997 -
330,022 274,397
CREDITORS
Amounts falling due within one year 6 633,396 643,230
NET CURRENT LIABILITIES (303,374 ) (368,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,300

881,179

CREDITORS
Amounts falling due after more than one
year

7

(376,149

)

(428,722

)

PROVISIONS FOR LIABILITIES (24,487 ) (19,809 )
NET ASSETS 489,664 432,648

CAPITAL AND RESERVES
Called up share capital 9 144 144
Retained earnings 489,520 432,504
SHAREHOLDERS' FUNDS 489,664 432,648

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

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

K.K. HUDDLESTON & SONS LIMITED (REGISTERED NUMBER: 01952006)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:




K J Huddleston - Director D G Huddleston - Director




I P Huddleston - Director


K.K. HUDDLESTON & SONS LIMITED (REGISTERED NUMBER: 01952006)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

K.K. Huddleston & Sons 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 relates to farming income 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor and tractor vehicles - 25% on reducing balance
Office equipment - 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 Statement of Income and Retained Earnings, 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.

K.K. HUDDLESTON & SONS LIMITED (REGISTERED NUMBER: 01952006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

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 has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the profit or loss in the year to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 1,652,974 1,039,500 2,692,474
Additions 8,640 - 8,640
At 31 March 2023 1,661,614 1,039,500 2,701,114
DEPRECIATION
At 1 April 2022 533,410 909,052 1,442,462
Charge for year 32,477 32,501 64,978
At 31 March 2023 565,887 941,553 1,507,440
NET BOOK VALUE
At 31 March 2023 1,095,727 97,947 1,193,674
At 31 March 2022 1,119,564 130,448 1,250,012

The net book value of tangible fixed assets includes £NIL (2022 - £ 19,074 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 63,927 31,000
Other debtors 96,634 93,588
160,561 124,588

K.K. HUDDLESTON & SONS LIMITED (REGISTERED NUMBER: 01952006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 56,600 189,510
Hire purchase contracts - 4,992
Trade creditors 108,946 164,968
Taxation and social security 53,063 1,269
Other creditors 414,787 282,491
633,396 643,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 376,149 428,722

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 166,507 185,522

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdraft - 132,560
Bank loans 432,749 485,672
Hire purchase contracts - 4,992
432,749 623,224

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
144 Ordinary £1 144 144