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REGISTERED NUMBER: 04570357 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Rob Hatfield Limited

Rob Hatfield Limited (Registered number: 04570357)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Rob Hatfield Limited

Company Information
for the year ended 30th June 2023







DIRECTORS: J R Hatfield
Mrs A G Hatfield





SECRETARY: Mrs A G Hatfield





REGISTERED OFFICE: Warwick Street
Hedon Road
Hull
HU9 1ET





REGISTERED NUMBER: 04570357 (England and Wales)





ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

Rob Hatfield Limited (Registered number: 04570357)

Abridged Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,236 26,236
Tangible assets 5 2,727,833 2,629,027
2,747,069 2,655,263

CURRENT ASSETS
Stocks 28,055 41,643
Debtors 713,252 740,928
Cash at bank and in hand 308,164 616,532
1,049,471 1,399,103
CREDITORS
Amounts falling due within one year 1,313,441 1,288,278
NET CURRENT (LIABILITIES)/ASSETS (263,970 ) 110,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,483,099

2,766,088

CREDITORS
Amounts falling due after more than one
year

(826,994

)

(972,517

)

PROVISIONS FOR LIABILITIES (140,783 ) (183,880 )
NET ASSETS 1,515,322 1,609,691

CAPITAL AND RESERVES
Called up share capital 7 131,526 131,526
Retained earnings 1,383,796 1,478,165
SHAREHOLDERS' FUNDS 1,515,322 1,609,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Rob Hatfield Limited (Registered number: 04570357)

Abridged Balance Sheet - continued
30th June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 14th November 2023 and were signed on its behalf by:





J R Hatfield - Director


Rob Hatfield Limited (Registered number: 04570357)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

Rob Hatfield 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.

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 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 20% on reducing balance and 10% 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.

Rob Hatfield Limited (Registered number: 04570357)

Notes to the Financial Statements - continued
for the year ended 30th June 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 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 32 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022
and 30th June 2023 38,000
AMORTISATION
At 1st July 2022 11,764
Amortisation for year 7,000
At 30th June 2023 18,764
NET BOOK VALUE

At 30th June 2023 19,236
At 30th June 2022 26,236

Rob Hatfield Limited (Registered number: 04570357)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022 4,768,306
Additions 771,453
Disposals (931,203 )
At 30th June 2023 4,608,556
DEPRECIATION
At 1st July 2022 2,139,279
Charge for year 340,546
Eliminated on disposal (599,102 )
At 30th June 2023 1,880,723
NET BOOK VALUE
At 30th June 2023 2,727,833
At 30th June 2022 2,629,027

The net book value of tangible fixed assets includes £ 1,847,723 (2022 - £ 1,715,240 ) in respect of assets held under hire purchase contracts.

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Factoring account 416,765 267,791
Hire purchase 1,182,057 1,326,238
1,598,822 1,594,029

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
131,526 Ordinary £1 131,526 131,526

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rob Hatfield 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 Rob Hatfield Limited for the year ended 30th June 2023 which comprise the Income Statement, Abridged 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rob Hatfield 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 Rob Hatfield Limited and state those matters that we have agreed to state to the Board of Directors of Rob Hatfield Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rob Hatfield Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rob Hatfield 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 loss of Rob Hatfield Limited. You consider that Rob Hatfield 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 Rob Hatfield 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


14th November 2023