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REGISTERED NUMBER: 05484390 (England and Wales)






Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Hacketts Limited

Hacketts Limited (Registered number: 05484390)

Contents of the Financial Statements
for the Year Ended 30th June 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hacketts Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: Mrs H R Hackett
A T Hackett





SECRETARY: A T Hackett





REGISTERED OFFICE: Unit 2, Northfield Road
Dudley
West Midlands
DY2 9JQ





REGISTERED NUMBER: 05484390 (England and Wales)





ACCOUNTANTS: Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hacketts 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 Hacketts Limited for the year ended 30th June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Hacketts 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 Hacketts Limited and state those matters that we have agreed to state to the Board of Directors of Hacketts 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 Hacketts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hacketts 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 Hacketts Limited. You consider that Hacketts 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 Hacketts 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.






Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ


12th February 2024

Hacketts Limited (Registered number: 05484390)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,429 19,253

CURRENT ASSETS
Stocks 65,610 65,335
Debtors 5 151,978 120,878
Cash at bank 4,888 19,013
222,476 205,226
CREDITORS
Amounts falling due within one year 6 162,343 149,564
NET CURRENT ASSETS 60,133 55,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,562

74,915

CREDITORS
Amounts falling due after more than one
year

7

(64,289

)

(75,014

)

PROVISIONS FOR LIABILITIES (3,122 ) (3,658 )
NET ASSETS/(LIABILITIES) 9,151 (3,757 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,149 (3,759 )
SHAREHOLDERS' FUNDS 9,151 (3,757 )

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.

Hacketts Limited (Registered number: 05484390)

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.

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 12th February 2024 and were signed on its behalf by:





Mrs H R Hackett - Director


Hacketts Limited (Registered number: 05484390)

Notes to the Financial Statements
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

Hacketts 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 is measured at the fair value of the consideration received or receivable, 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.
Plant and machinery - 20% on cost
Motor vehicles - 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.


Hacketts Limited (Registered number: 05484390)

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


2. ACCOUNTING POLICIES - continued
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
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 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2022 74,134 43,462 117,596
Additions 6,806 - 6,806
At 30th June 2023 80,940 43,462 124,402
DEPRECIATION
At 1st July 2022 63,018 35,325 98,343
Charge for year 6,143 3,487 9,630
At 30th June 2023 69,161 38,812 107,973
NET BOOK VALUE
At 30th June 2023 11,779 4,650 16,429
At 30th June 2022 11,116 8,137 19,253

Hacketts Limited (Registered number: 05484390)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,487 90,286
Other debtors 30,491 30,592
151,978 120,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,649 8,735
Hire purchase contracts 2,348 2,348
Trade creditors 88,751 93,824
Taxation and social security 23,257 16,616
Other creditors 39,338 28,041
162,343 149,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 61,158 69,535
Hire purchase contracts 3,131 5,479
64,289 75,014

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 69,807 78,270

9. ULTIMATE CONTROLLING PARTY

By virtue of their 100% of the share capital Mr and Mrs Hackett control the company.