3 06/04/2023 05/04/2024 2024-04-05 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-06 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04147075 2023-04-06 2024-04-05 04147075 2024-04-05 04147075 2023-04-05 04147075 2022-04-06 2023-04-05 04147075 2023-04-05 04147075 2022-04-05 04147075 core:PlantMachinery 2023-04-06 2024-04-05 04147075 bus:RegisteredOffice 2023-04-06 2024-04-05 04147075 bus:LeadAgentIfApplicable 2023-04-06 2024-04-05 04147075 bus:Director1 2023-04-06 2024-04-05 04147075 bus:Director2 2023-04-06 2024-04-05 04147075 bus:CompanySecretary1 2023-04-06 2024-04-05 04147075 core:PlantMachinery 2023-04-05 04147075 core:PlantMachinery 2024-04-05 04147075 core:RetainedEarningsAccumulatedLosses 2022-04-06 2023-04-05 04147075 core:RetainedEarningsAccumulatedLosses 2023-04-06 2024-04-05 04147075 core:WithinOneYear 2024-04-05 04147075 core:WithinOneYear 2023-04-05 04147075 core:ShareCapital 2024-04-05 04147075 core:ShareCapital 2023-04-05 04147075 core:RetainedEarningsAccumulatedLosses 2024-04-05 04147075 core:RetainedEarningsAccumulatedLosses 2023-04-05 04147075 core:ShareCapital 2022-04-05 04147075 core:RetainedEarningsAccumulatedLosses 2022-04-05 04147075 core:PreviouslyStatedAmount core:ShareCapital 2024-04-05 04147075 core:PlantMachinery 2023-04-05 04147075 bus:Director1 2023-04-05 04147075 bus:Director1 2024-04-05 04147075 bus:Director1 2022-04-05 04147075 bus:Director1 2023-04-05 04147075 bus:Director1 2022-04-06 2023-04-05 04147075 bus:SmallEntities 2023-04-06 2024-04-05 04147075 bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 04147075 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 04147075 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 04147075 bus:FullAccounts 2023-04-06 2024-04-05 04147075 1 2023-04-06 2024-04-05
Company registration number: 04147075
Hutson Farming Company Limited
Trading as Hutson Farming Company Limited
Unaudited filleted financial statements
05 April 2024
Hutson Farming Company Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Hutson Farming Company Limited
Directors and other information
Directors Mr Gavin Hutson
Mrs Debbra Hutson
Secretary Mrs D Hutson
Company number 04147075
Registered office 109 Grantham Road
Sleaford
Lincolnshire
NG34 7NP
Accountant Bush & Co
95 Boston Road
Sleaford
Lincolnshire
NG34 7HP
Hutson Farming Company Limited
Statement of financial position
5 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 106,645 98,932
_______ _______
106,645 98,932
Current assets
Stocks 26,083 63,151
Debtors 6 27,672 51,707
Investments 7 3 3
Cash at bank and in hand 72,520 77,890
_______ _______
126,278 192,751
Creditors: amounts falling due
within one year 8 ( 80,815) ( 96,444)
_______ _______
Net current assets 45,463 96,307
_______ _______
Total assets less current liabilities 152,108 195,239
Provisions for liabilities ( 14,160) ( 18,797)
_______ _______
Net assets 137,948 176,442
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 137,946 176,440
_______ _______
Shareholders funds 137,948 176,442
_______ _______
For the year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
Mr Gavin Hutson
Director
Company registration number: 04147075
Hutson Farming Company Limited
Statement of changes in equity
Year ended 5 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 6 April 2022 2 164,421 164,423
(Loss)/profit for the year 37,019 37,019
_______ _______ _______
Total comprehensive income for the year - 37,019 37,019
Dividends paid and payable ( 25,000) ( 25,000)
_______ _______ _______
Total investments by and distributions to owners - ( 25,000) ( 25,000)
_______ _______ _______
At 5 April 2023 and 6 April 2023 2 176,440 176,442
(Loss)/profit for the year ( 18,494) ( 18,494)
_______ _______ _______
Total comprehensive income for the year - ( 18,494) ( 18,494)
Dividends paid and payable ( 20,000) ( 20,000)
_______ _______ _______
Total investments by and distributions to owners - ( 20,000) ( 20,000)
_______ _______ _______
At 5 April 2024 2 137,946 137,948
_______ _______ _______
Hutson Farming Company Limited
Notes to the financial statements
Year ended 5 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hutson Farming Company Limited, 109 Grantham Road, Sleaford, Lincolnshire, NG34 7NP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
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 statement of financial position and the amount of the provision as an expense. 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 statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 6 April 2023 256,170 256,170
Additions 40,170 40,170
Disposals ( 25,516) ( 25,516)
_______ _______
At 5 April 2024 270,824 270,824
_______ _______
Depreciation
At 6 April 2023 157,238 157,238
Charge for the year 11,951 11,951
Disposals ( 5,010) ( 5,010)
_______ _______
At 5 April 2024 164,179 164,179
_______ _______
Carrying amount
At 5 April 2024 106,645 106,645
_______ _______
At 5 April 2023 98,932 98,932
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 12,155 28,698
Other debtors 15,517 23,009
_______ _______
27,672 51,707
_______ _______
7. Investments
2024 2023
£ £
Other investments 3 3
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 10,198 31,143
Corporation tax 299 6,906
Other creditors 70,318 58,395
_______ _______
80,815 96,444
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gavin Hutson ( 56,768) ( 12,450) ( 69,218)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gavin Hutson ( 48,318) ( 8,450) ( 56,768)
_______ _______ _______
10. Related party transactions
The directors Gavin Hutson and Debbra Hutson received dividends of £10,000 each (total £20,000) by virtue of their ordinary share holding.
11. Controlling party
During the two years ended 5th April 2024 the directors Gavin Hutson and Debbra Hutson controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.