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REGISTERED NUMBER: 10577115 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

DJ Hutchings & Sons Limited

DJ Hutchings & Sons Limited (Registered number: 10577115)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DJ Hutchings & Sons Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Hutchings
T E Hutchings
A Lund





REGISTERED OFFICE: Unit 3A Selby Barns
Caswell Road
Towcester
Northamptonshire
NN12 8AL





REGISTERED NUMBER: 10577115 (England and Wales)





ACCOUNTANTS: Haes Cooper and Company Limited
3 Bakers Lane
Shutlanger
Northamptonshire
NN12 7RT

DJ Hutchings & Sons Limited (Registered number: 10577115)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,013 53,969

CURRENT ASSETS
Stocks 198,232 64,707
Debtors 5 513,884 328,121
Prepayments and accrued income 5,157 77
Cash at bank and in hand 107,392 180,235
824,665 573,140
CREDITORS
Amounts falling due within one year 6 496,653 344,820
NET CURRENT ASSETS 328,012 228,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,025

282,289

PROVISIONS FOR LIABILITIES 10,003 11,873
NET ASSETS 358,022 270,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,922 270,316
358,022 270,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

DJ Hutchings & Sons Limited (Registered number: 10577115)

Balance Sheet - continued
31 December 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 29 August 2024 and were signed on its behalf by:





D J Hutchings - Director


DJ Hutchings & Sons Limited (Registered number: 10577115)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DJ Hutchings & Sons 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.
Plant and machinery etc - 25% on cost and 20% on cost

Stock and work in progress
Stock and Work in progress is valued at the lower of cost and net realisable value.

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.

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. The company contributes to the directors' personal pension schemes.

3. EMPLOYEES AND DIRECTORS

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

DJ Hutchings & Sons Limited (Registered number: 10577115)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 8,906 5,477 101,997 7,726 124,106
Additions 1,248 312 290 4,509 6,359
Disposals - - (10,624 ) - (10,624 )
At 31 December 2023 10,154 5,789 91,663 12,235 119,841
DEPRECIATION
At 1 January 2023 4,347 3,898 57,235 4,657 70,137
Charge for year 2,049 812 14,765 1,804 19,430
Eliminated on disposal - - (9,739 ) - (9,739 )
At 31 December 2023 6,396 4,710 62,261 6,461 79,828
NET BOOK VALUE
At 31 December 2023 3,758 1,079 29,402 5,774 40,013
At 31 December 2022 4,559 1,579 44,762 3,069 53,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 381,137 230,629
Amounts owed by group undertakings 30,000 35,000
Other debtors 102,747 62,492
513,884 328,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts - 1,063
Trade creditors 245,752 232,863
Taxation and social security 165,624 76,555
Other creditors 85,277 34,339
496,653 344,820

7. RELATED PARTY DISCLOSURES

Other debtors includes a loan, repayable on demand, of £30,000 (2022:£35,000) to a company under the same majority shareholder control.