5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 04103809 2022-12-01 2023-11-30 04103809 2023-11-30 04103809 2022-11-30 04103809 2021-12-01 2022-11-30 04103809 2022-11-30 04103809 2021-11-30 04103809 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04103809 core:PlantMachinery 2022-12-01 2023-11-30 04103809 core:MotorVehicles 2022-12-01 2023-11-30 04103809 bus:Director2 2022-12-01 2023-11-30 04103809 core:WithinOneYear 2023-11-30 04103809 core:WithinOneYear 2022-11-30 04103809 core:LandBuildings 2022-11-30 04103809 core:PlantMachinery 2022-11-30 04103809 core:MotorVehicles 2022-11-30 04103809 core:LandBuildings 2023-11-30 04103809 core:PlantMachinery 2023-11-30 04103809 core:MotorVehicles 2023-11-30 04103809 core:ShareCapital 2023-11-30 04103809 core:ShareCapital 2022-11-30 04103809 core:CapitalRedemptionReserve 2023-11-30 04103809 core:CapitalRedemptionReserve 2022-11-30 04103809 core:RetainedEarningsAccumulatedLosses 2023-11-30 04103809 core:RetainedEarningsAccumulatedLosses 2022-11-30 04103809 core:LandBuildings 2022-12-01 2023-11-30 04103809 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 04103809 core:Non-currentFinancialInstruments 2023-11-30 04103809 core:Non-currentFinancialInstruments 2022-11-30 04103809 core:AfterOneYear 2023-11-30 04103809 core:AfterOneYear 2022-11-30 04103809 core:LandBuildings 2022-11-30 04103809 core:PlantMachinery 2022-11-30 04103809 core:MotorVehicles 2022-11-30 04103809 bus:SmallEntities 2022-12-01 2023-11-30 04103809 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 04103809 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04103809 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04103809 bus:FullAccounts 2022-12-01 2023-11-30 04103809 core:AllSubsidiaries 2022-12-01 2023-11-30 04103809 core:AllSubsidiaries 2023-11-30
COMPANY REGISTRATION NUMBER: 04103809
HUTTON & CAWOOD LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
HUTTON & CAWOOD LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
496,221
509,027
Investments
6
1
1
----------
----------
496,222
509,028
CURRENT ASSETS
Debtors
7
950,043
947,366
Cash at bank and in hand
146,029
55,123
-------------
-------------
1,096,072
1,002,489
CREDITORS: amounts falling due within one year
8
189,213
77,075
-------------
-------------
NET CURRENT ASSETS
906,859
925,414
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,403,081
1,434,442
PROVISIONS
Taxation including deferred tax
2,571
3,264
-------------
-------------
NET ASSETS
1,400,510
1,431,178
-------------
-------------
HUTTON & CAWOOD LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
700
700
Capital redemption reserve
300
300
Profit and loss account
1,399,510
1,430,178
-------------
-------------
SHAREHOLDERS FUNDS
1,400,510
1,431,178
-------------
-------------
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 income and retained earnings has not been delivered.
For the year ending 30 November 2023 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 were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
M Cawood
Director
Company registration number: 04103809
HUTTON & CAWOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Freehold land is held at cost, and subsequently stated at cost less 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:
Freehold property
-
2% straight line
Fixtures & fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Investments in subsidiaries
Investments in subsidiaries accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
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 initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. TANGIBLE ASSETS
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2022 and 30 November 2023
588,236
33,115
46,442
667,793
----------
---------
---------
----------
Depreciation
At 1 December 2022
94,200
21,753
42,813
158,766
Charge for the year
9,625
2,274
907
12,806
----------
---------
---------
----------
At 30 November 2023
103,825
24,027
43,720
171,572
----------
---------
---------
----------
Carrying amount
At 30 November 2023
484,411
9,088
2,722
496,221
----------
---------
---------
----------
At 30 November 2022
494,036
11,362
3,629
509,027
----------
---------
---------
----------
6. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 December 2022 and 30 November 2023
1
----
Impairment
At 1 December 2022 and 30 November 2023
----
Carrying amount
At 30 November 2023
1
----
At 30 November 2022
1
----
The company owns 100% of the issued share capital of the companies listed below,
2023 2022
Aggregate capital and reserves
H&C Enterprises (Yorkshire) Ltd £162,629 £143,025
Profit and (loss) for the year
H&C Enterprises (Yorkshire) Ltd £19,959 £18,907
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
7. DEBTORS
2023
2022
£
£
Prepayments and accrued income
108,020
5,704
Other debtors
842,023
941,662
----------
----------
950,043
947,366
----------
----------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Other debtors
612,500
700,000
----------
----------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
415
335
Amounts owed to group undertakings
81,468
13,501
Accruals and deferred income
2,365
4,200
Corporation tax
22,071
8,646
Director loan accounts
78,983
46,482
Other creditors
3,911
3,911
----------
---------
189,213
77,075
----------
---------
9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Throughout the year the directors had unsecured interest free loans with the company. The directors' loan accounts were in credit throughout the year and are repayable on demand.
10. RELATED PARTY TRANSACTIONS
H & C Enterprises (Yorkshire) Ltd is a wholly owned subsidiary of the company. Included in "Other creditors" is a loan due to H & C Enterprises (Yorkshire) Ltd of £ 81,468 (2022 - £13,501), this loan is unsecured, interest free and repayable on demand. Management charges of £ 64,000 (2022: £50,000) were received in the year from H & C Enterprises (Yorkshire) Ltd.