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REGISTERED NUMBER: 03046600 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

HINDLEY & SON LIMITED

HINDLEY & SON LIMITED (REGISTERED NUMBER: 03046600)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HINDLEY & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr D G Hindley
Mrs J E Beaumont
Mrs T L Hibbs
Mrs A Jackson





SECRETARY: Mrs J E Beaumont





REGISTERED OFFICE: 10 Tamworth Street
Lichfield
Staffordshire
WS13 6JJ





REGISTERED NUMBER: 03046600 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

HINDLEY & SON LIMITED (REGISTERED NUMBER: 03046600)

BALANCE SHEET
30 JUNE 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
35,908 Tangible assets 4 33,330
100 Investments 5 100
36,008 33,430

CURRENT ASSETS
13,675 Stocks 6 14,551
8,744 Debtors 7 6,490
60,098 Cash at bank and in hand 114,881
82,517 135,922
CREDITORS
118,250 Amounts falling due within one year 8 141,876
(35,733 ) NET CURRENT LIABILITIES (5,954 )
275 TOTAL ASSETS LESS CURRENT
LIABILITIES

27,476

CAPITAL AND RESERVES
250,000 Called up share capital 9 250,000
(249,725 ) Retained earnings (222,524 )
275 SHAREHOLDERS' FUNDS 27,476

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

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

HINDLEY & SON LIMITED (REGISTERED NUMBER: 03046600)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




Mr D G Hindley - Director Mrs J E Beaumont - Director




Mrs T L Hibbs - Director Mrs A Jackson - Director


HINDLEY & SON LIMITED (REGISTERED NUMBER: 03046600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Hindley & Son 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.
Long leasehold - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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.

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.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 30 ) .

HINDLEY & SON LIMITED (REGISTERED NUMBER: 03046600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
Totals leasehold machinery fittings
£    £    £    £   
COST
At 1 July 2022 195,098 178,775 4,841 11,482
Additions 5,034 - 4,799 235
At 30 June 2023 200,132 178,775 9,640 11,717
DEPRECIATION
At 1 July 2022 159,190 154,297 101 4,792
Charge for year 7,612 4,896 1,300 1,416
At 30 June 2023 166,802 159,193 1,401 6,208
NET BOOK VALUE
At 30 June 2023 33,330 19,582 8,239 5,509
At 30 June 2022 35,908 24,478 4,740 6,690

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 14,551 13,675

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 3,457 5,745
Other debtors 970 970
Prepayments 2,063 2,029
6,490 8,744

HINDLEY & SON LIMITED (REGISTERED NUMBER: 03046600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 2,431 1,769
Other loans 29,167 39,167
Trade creditors 21,643 18,756
Tax 35,559 14,793
Social security and other taxes 2,503 2,416
Wages control (4,773 ) 735
Pension control 494 410
VAT 3,224 2,904
Directors' current accounts 44,440 35,000
Accrued expenses 7,188 2,300
141,876 118,250

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
250,000 Ordinary £1 250,000 250,000