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REGISTERED NUMBER: 00252866 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

C.M. Hesford & Company Limited

C.M. Hesford & Company Limited (Registered number: 00252866)






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


C.M. Hesford & Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M J Hesford
P J Thomas
B A Thomas
C J Hesford





SECRETARY: B A Thomas





REGISTERED OFFICE: Moorgate
Ormskirk
Lancashire
L39 4RU





REGISTERED NUMBER: 00252866 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

C.M. Hesford & Company Limited (Registered number: 00252866)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 273,378 259,778

CURRENT ASSETS
Stocks 5 90,591 92,100
Debtors 6 71,695 57,867
Cash at bank and in hand 187,640 109,471
349,926 259,438
CREDITORS
Amounts falling due within one year 7 237,804 216,439
NET CURRENT ASSETS 112,122 42,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,500

302,777

CREDITORS
Amounts falling due after more than one
year

8

(28,779

)

(12,473

)

PROVISIONS FOR LIABILITIES (15,320 ) (11,360 )
NET ASSETS 341,401 278,944

CAPITAL AND RESERVES
Called up share capital 7,226 7,226
Retained earnings 334,175 271,718
SHAREHOLDERS' FUNDS 341,401 278,944

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.

C.M. Hesford & Company Limited (Registered number: 00252866)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





P J Thomas - Director


C.M. Hesford & Company Limited (Registered number: 00252866)

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

1. STATUTORY INFORMATION

C.M. Hesford & Company 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
The turnover shown in the profit and loss account represents the value of all goods and services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

C.M. Hesford & Company Limited (Registered number: 00252866)

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

2. ACCOUNTING POLICIES - continued

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 21 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 295,491 215,375 109,214 6,020 626,100
Additions - - 32,765 - 32,765
At 31 March 2023 295,491 215,375 141,979 6,020 658,865
DEPRECIATION
At 1 April 2022 117,608 202,178 41,688 4,848 366,322
Charge for year 5,910 1,120 11,661 474 19,165
At 31 March 2023 123,518 203,298 53,349 5,322 385,487
NET BOOK VALUE
At 31 March 2023 171,973 12,077 88,630 698 273,378
At 31 March 2022 177,883 13,197 67,526 1,172 259,778

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 62,215
Additions 32,765
At 31 March 2023 94,980
DEPRECIATION
At 1 April 2022 15,012
Charge for year 5,443
At 31 March 2023 20,455
NET BOOK VALUE
At 31 March 2023 74,525
At 31 March 2022 47,203

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 90,591 92,100

C.M. Hesford & Company Limited (Registered number: 00252866)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 47,933 51,612
VAT 7,875 3,026
Prepayments 15,887 3,229
71,695 57,867

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 15,512 14,590
Trade creditors 148,385 124,496
Tax 27,406 24,911
Social security and other taxes 5,642 6,226
Other creditors (201 ) 16
Directors' current accounts 35,860 42,483
Accrued expenses 5,200 3,717
237,804 216,439

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 28,779 12,473

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 44,291 27,063