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REGISTERED NUMBER: 04411578 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Putterill's Of Hertfordshire (Hitchin)
Limited

Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

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


Putterill's Of Hertfordshire (Hitchin)
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr J G Godfrey
Mrs J Godfrey





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 60 Hermitage Road
Hitchin
Hertfordshire
SG5 1DB





REGISTERED NUMBER: 04411578 (England and Wales)

Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 9,687 12,920
9,687 12,920

CURRENT ASSETS
Debtors 7 66,048 224,397
Cash at bank 14,399 52,008
80,447 276,405
CREDITORS
Amounts falling due within one year 8 36,236 62,430
NET CURRENT ASSETS 44,211 213,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,898

226,895

CREDITORS
Amounts falling due after more than one
year

9

(28,639

)

(36,093

)

PROVISIONS FOR LIABILITIES (2,242 ) (2,272 )
NET ASSETS 23,017 188,530

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 23,013 188,526
SHAREHOLDERS' FUNDS 23,017 188,530

Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

Balance Sheet - continued
30 June 2023


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.

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 1 March 2024 and were signed on its behalf by:




Mr J G Godfrey - Director



Mrs J Godfrey - Director


Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

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


1. STATUTORY INFORMATION

Putterill's Of Hertfordshire (Hitchin) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 has been written off in equal instalments over its estimated economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 25% on reducing balance
Plant and machinery etc - 25% on reducing balance

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

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

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.


Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

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


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 15,000
Disposals (15,000 )
At 30 June 2023 -
AMORTISATION
At 1 July 2022 15,000
Eliminated on disposal (15,000 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

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


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 8,629 30,164 38,793
DEPRECIATION
At 1 July 2022 7,668 18,205 25,873
Charge for year 241 2,992 3,233
At 30 June 2023 7,909 21,197 29,106
NET BOOK VALUE
At 30 June 2023 720 8,967 9,687
At 30 June 2022 961 11,959 12,920

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,799 31,663
Other debtors 32,249 192,734
66,048 224,397

Other debtors includes intercompany loans of £10,586 (2022 - £179,833), taxes of £9,215 (2022 - £nil) and prepayments of £12,448 (2022 - £12,901).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,670 11,407
Trade creditors 23,853 9,334
Taxation and social security 903 34,001
Other creditors 1,810 7,688
36,236 62,430

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,639 36,093

Putterill's Of Hertfordshire (Hitchin)
Limited (Registered number: 04411578)

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


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,950 18,950
Between one and five years - 18,950
18,950 37,900