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REGISTERED NUMBER: 00219276 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THE LONDON PRESSED HINGE COMPANY
LIMITED

THE LONDON PRESSED HINGE COMPANY
LIMITED (REGISTERED NUMBER: 00219276)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LONDON PRESSED HINGE COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: R I Hardy
G M Hardy
J S Hardy
S A Hardy





SECRETARY: Ms J A Blackaby





REGISTERED OFFICE: 6 Swinborne Drive
Springwood Industrial Estate
Rayne Road
Braintree
Essex
CM7 2YG





REGISTERED NUMBER: 00219276 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

THE LONDON PRESSED HINGE COMPANY
LIMITED (REGISTERED NUMBER: 00219276)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,168 107,940

CURRENT ASSETS
Stocks 274,591 279,477
Debtors 5 154,608 156,474
Cash at bank and in hand 404,549 466,528
833,748 902,479
CREDITORS
Amounts falling due within one year 6 76,137 127,266
NET CURRENT ASSETS 757,611 775,213
TOTAL ASSETS LESS CURRENT LIABILITIES 859,779 883,153

PROVISIONS FOR LIABILITIES 3,287 4,213
NET ASSETS 856,492 878,940

CAPITAL AND RESERVES
Called up share capital 89 89
Capital redemption reserve 111 111
Retained earnings 856,292 878,740
SHAREHOLDERS' FUNDS 856,492 878,940

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.

THE LONDON PRESSED HINGE COMPANY
LIMITED (REGISTERED NUMBER: 00219276)

BALANCE SHEET - 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.

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 17 January 2024 and were signed on its behalf by:





G M Hardy - Director


THE LONDON PRESSED HINGE COMPANY
LIMITED (REGISTERED NUMBER: 00219276)

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

1. STATUTORY INFORMATION

The London Pressed Hinge 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
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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 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.

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.

THE LONDON PRESSED HINGE COMPANY
LIMITED (REGISTERED NUMBER: 00219276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 117,744 877,077 994,821
Additions - 532 532
At 30 September 2023 117,744 877,609 995,353
DEPRECIATION
At 1 October 2022 31,817 855,064 886,881
Charge for year 1,060 5,244 6,304
At 30 September 2023 32,877 860,308 893,185
NET BOOK VALUE
At 30 September 2023 84,867 17,301 102,168
At 30 September 2022 85,927 22,013 107,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 110,150 142,629
Other debtors 44,458 13,845
154,608 156,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 54,597 90,178
Taxation and social security 11,946 21,608
Other creditors 9,594 15,480
76,137 127,266

THE LONDON PRESSED HINGE COMPANY
LIMITED (REGISTERED NUMBER: 00219276)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
R I Hardy
Balance outstanding at start of year - 337
Amounts advanced - 3,379
Amounts repaid - (3,716 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

G M Hardy
Balance outstanding at start of year - -
Amounts advanced 17,628 -
Amounts repaid (128 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,500 -

Interest has been charged on the overdrawn directors loan account at the official rate.