IRIS Accounts Production v23.3.1.45 01625688 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016256882022-09-30016256882023-09-30016256882022-10-012023-09-30016256882021-09-30016256882021-10-012022-09-30016256882022-09-3001625688ns10:Originalns15:EnglandWales2022-10-012023-09-3001625688ns14:PoundSterlingns10:Original2022-10-012023-09-3001625688ns10:Originalns10:Director12022-10-012023-09-3001625688ns10:Original2022-10-012023-09-3001625688ns10:Originalns10:Director22022-10-012023-09-3001625688ns10:Original2023-09-3001625688ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3001625688ns10:Originalns10:SmallEntities2022-10-012023-09-3001625688ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3001625688ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3001625688ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3001625688ns10:Originalns10:AbridgedAccounts2022-10-012023-09-3001625688ns10:Originalns10:RegisteredOffice2022-10-012023-09-3001625688ns10:Original2022-09-3001625688ns10:Originalns5:CurrentFinancialInstruments2023-09-3001625688ns10:Originalns5:CurrentFinancialInstruments2022-09-3001625688ns5:ShareCapitalns10:Original2023-09-3001625688ns5:ShareCapitalns10:Original2022-09-3001625688ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3001625688ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3001625688ns10:Originalns5:PlantMachinery2022-10-012023-09-3001625688ns10:Originalns5:FurnitureFittings2022-10-012023-09-3001625688ns10:Originalns5:MotorVehicles2022-10-012023-09-3001625688ns10:Originalns5:ComputerEquipment2022-10-012023-09-3001625688ns10:Original2021-10-012022-09-3001625688ns10:Original2022-09-30
REGISTERED NUMBER: 01625688 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Hyde Windings Limited

Hyde Windings Limited (Registered number: 01625688)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Hyde Windings Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J C Roberts
P R Roberts





REGISTERED OFFICE: Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH





REGISTERED NUMBER: 01625688 (England and Wales)





ACCOUNTANTS: Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH

Hyde Windings Limited (Registered number: 01625688)

Abridged Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,350 48,995

CURRENT ASSETS
Stocks 31,697 31,525
Debtors 93,472 147,217
Cash at bank and in hand 851,624 750,801
976,793 929,543
CREDITORS
Amounts falling due within one year 320,419 320,997
NET CURRENT ASSETS 656,374 608,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,724

657,541

PROVISIONS FOR LIABILITIES 8,427 9,309
NET ASSETS 692,297 648,232

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 692,197 648,132
SHAREHOLDERS' FUNDS 692,297 648,232

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

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

Hyde Windings Limited (Registered number: 01625688)

Abridged Statement of Financial Position - continued
30 September 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 Statement of Financial Position for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 January 2024 and were signed on its behalf by:




J C Roberts - Director



P R Roberts - Director


Hyde Windings Limited (Registered number: 01625688)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Hyde Windings 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make estimates, judgements and assumptions that affect the amounts reported. These judgements and estimates are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no significant judgements or estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is not recognised until a job is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Hyde Windings Limited (Registered number: 01625688)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hyde Windings Limited (Registered number: 01625688)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 243,985
Additions 3,957
Disposals (5,406 )
At 30 September 2023 242,536
DEPRECIATION
At 1 October 2022 194,990
Charge for year 8,442
Eliminated on disposal (5,246 )
At 30 September 2023 198,186
NET BOOK VALUE
At 30 September 2023 44,350
At 30 September 2022 48,995

5. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J C Roberts and Mr P R Roberts by virtue of their majority shareholding in the holding company - Rob-Co Holdings Limited, a company registered in England and Wales.