S Hutchins & Green Limited 287836 false 2023-01-01 2024-03-21 2024-03-21 The principal activity of the company is building and contracting,measured term contracting and the manufacture and installation of commercial glazing systems. The company entered voluntary liquidation on 21/3/24 Digita Accounts Production Advanced 6.30.9574.0 true 287836 2023-01-01 2024-03-21 287836 2024-03-21 287836 bus:OrdinaryShareClass1 2024-03-21 287836 core:CurrentFinancialInstruments 2024-03-21 287836 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-21 287836 core:Non-currentFinancialInstruments 2024-03-21 287836 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-21 287836 core:FurnitureFittingsToolsEquipment 2024-03-21 287836 core:MotorVehicles 2024-03-21 287836 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-21 287836 bus:SmallEntities 2023-01-01 2024-03-21 287836 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-21 287836 bus:FilletedAccounts 2023-01-01 2024-03-21 287836 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-21 287836 bus:RegisteredOffice 2023-01-01 2024-03-21 287836 bus:Director2 2023-01-01 2024-03-21 287836 bus:OrdinaryShareClass1 2023-01-01 2024-03-21 287836 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-21 287836 core:Buildings 2023-01-01 2024-03-21 287836 core:FurnitureFittingsToolsEquipment 2023-01-01 2024-03-21 287836 core:MotorCars 2023-01-01 2024-03-21 287836 core:MotorVehicles 2023-01-01 2024-03-21 287836 core:PlantMachinery 2023-01-01 2024-03-21 287836 core:KeyManagementPersonnel 2023-01-01 2024-03-21 287836 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2024-03-21 287836 countries:England 2023-01-01 2024-03-21 287836 2022-12-31 287836 core:FurnitureFittingsToolsEquipment 2022-12-31 287836 core:MotorVehicles 2022-12-31 287836 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 287836 2022-01-01 2022-12-31 287836 2022-12-31 287836 bus:OrdinaryShareClass1 2022-12-31 287836 core:CurrentFinancialInstruments 2022-12-31 287836 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 287836 core:Non-currentFinancialInstruments 2022-12-31 287836 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 287836 core:FurnitureFittingsToolsEquipment 2022-12-31 287836 core:MotorVehicles 2022-12-31 287836 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 287836 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 287836 core:RetainedEarningsAccumulatedLosses core:LandBuildings 2022-01-01 2022-12-31 287836 core:RevaluationReserve 2022-01-01 2022-12-31 287836 core:RevaluationReserve core:LandBuildings 2022-01-01 2022-12-31 287836 core:LandBuildings 2022-01-01 2022-12-31 287836 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-01 2022-12-31 287836 2021-12-31 287836 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 287836

S Hutchins & Green Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2023 to 21 March 2024

 

S Hutchins & Green Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

S Hutchins & Green Limited

(Registration number: 287836)
Balance Sheet as at 21 March 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

-

7,727

Current assets

 

Debtors

5

1,641,928

2,999,415

Cash at bank and in hand

 

536,545

102,858

 

2,178,473

3,102,273

Creditors: Amounts falling due within one year

6

(27,216)

(826,680)

Net current assets

 

2,151,257

2,275,593

Total assets less current liabilities

 

2,151,257

2,283,320

Creditors: Amounts falling due after more than one year

6

-

(27,500)

Net assets

 

2,151,257

2,255,820

Capital and reserves

 

Called up share capital

7

1,660

1,660

Capital redemption reserve

48,340

48,340

Retained earnings

2,101,257

2,205,820

Shareholders' funds

 

2,151,257

2,255,820

 

S Hutchins & Green Limited

(Registration number: 287836)
Balance Sheet as at 21 March 2024

For the financial period ending 21 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

.........................................
P Ravenhill
Director

 

S Hutchins & Green Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 21 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
19C Arnolds Way
Oxford
OX2 9JB
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts,adjusted by the variation in the value of work in progress on contracts at the begining and end of the year. Retentions on contracts are recognised when received

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Contract revenue recognition

Contract revenue is included in sales and is the fair value ,referenced by the stage of completion,of work in progress at the year end not billed at the year end. Payments received in advance of work being completed is included in creditors

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

S Hutchins & Green Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 21 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% straight line

Plant and machinery

25%-33 1/3% straight line

Motor vehicles

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

S Hutchins & Green Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 21 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 5 (2022 - 5).

 

S Hutchins & Green Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 21 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

169,860

18,728

188,588

Disposals

(169,860)

(18,728)

(188,588)

At 21 March 2024

-

-

-

Depreciation

At 1 January 2023

169,113

11,748

180,861

Charge for the period

200

1,504

1,704

Eliminated on disposal

(169,313)

(13,252)

(182,565)

At 21 March 2024

-

-

-

Carrying amount

At 21 March 2024

-

-

-

At 31 December 2022

747

6,980

7,727

 

S Hutchins & Green Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 21 March 2024

5

Debtors

2024
£

2022
£

Trade debtors

235,622

196,546

Other debtors

1,406,306

2,802,869

1,641,928

2,999,415

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Loans and borrowings

9

-

10,000

Trade creditors

 

275

62,104

Taxation and social security

 

21,241

702,979

Accruals and deferred income

 

5,700

28,993

Other creditors

 

-

22,604

 

27,216

826,680

Creditors: amounts falling due after more than one year

Note

2024
£

2022
£

Due after one year

 

Loans and borrowings

9

-

27,500

7

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary shares of £1 each

1,660

1,660

1,660

1,660

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

 

S Hutchins & Green Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 21 March 2024

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

-

26,502

26,502

Surplus/deficit on revaluation of other assets

(26,502)

-

(26,502)

(26,502)

26,502

-

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2022
£

Bank borrowings

-

27,500

Current loans and borrowings

2024
£

2022
£

Bank borrowings

-

10,000

10

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

906,263

906,263

Advanced

40,000

40,000

Interest transactions

22,375

22,375

At end of period

968,638

968,638

2022

Key management
£

Total
£

At start of period

(20,000)

(20,000)

Advanced

926,263

926,263

At end of period

906,263

906,263

Terms of loans to related parties

Trade debtors include £197,439 due by the director for work performed by the company.This sum will be repaid, along with the loan. once the company's trading activities are finalised.