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REGISTERED NUMBER: 11172151 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hutchinson Agrifoods Limited

Hutchinson Agrifoods Limited (Registered number: 11172151)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hutchinson Agrifoods Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B K Hutchinson





REGISTERED OFFICE: 11 Harrison Way
Lydney
Gloucestershire
GL15 5BN





REGISTERED NUMBER: 11172151 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Hutchinson Agrifoods Limited (Registered number: 11172151)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,381 7,508

CURRENT ASSETS
Stocks 250 250
Debtors 5 857 2,377
1,107 2,627
CREDITORS
Amounts falling due within one year 6 19,941 20,100
NET CURRENT LIABILITIES (18,834 ) (17,473 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,453 ) (9,965 )

CREDITORS
Amounts falling due after more than one
year

7

9,893

9,652
NET LIABILITIES (22,346 ) (19,617 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,446 ) (19,717 )
(22,346 ) (19,617 )

Hutchinson Agrifoods Limited (Registered number: 11172151)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 September 2024 and were signed by:





B K Hutchinson - Director


Hutchinson Agrifoods Limited (Registered number: 11172151)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hutchinson Agrifoods 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. 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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Tangible fixed 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Hutchinson Agrifoods Limited (Registered number: 11172151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The financial statements have been prepared on a going concern basis following confirmation that the director will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Hutchinson Agrifoods Limited (Registered number: 11172151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 13,824 789 14,613
DEPRECIATION
At 1 April 2023 6,666 439 7,105
Charge for year 1,074 53 1,127
At 31 March 2024 7,740 492 8,232
NET BOOK VALUE
At 31 March 2024 6,084 297 6,381
At 31 March 2023 7,158 350 7,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 857 2,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,880 9,039
Other creditors 11,061 11,061
19,941 20,100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 9,893 9,652

Hutchinson Agrifoods Limited (Registered number: 11172151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

Loans to related parties



Key
management


Total
2024 £ £
At start of period 2,319 2,319
Advanced 1,876 1,876
Repaid (3,338 ) (3,338 )
At end of period 857 857


Key
management


Total
2023 £ £
At start of the period - -
Advanced 9,680 9,680
Repaid (7,361 ) (7,361 )
At end of period 2,319 2,319

Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000. Interest is charged at the HMRC prevailing rate.

Hutchinson Agrifoods Limited (Registered number: 11172151)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES - continued

Loans from related parties



Other related
parties


Total
2024 £ £
At start of period 19,813 19,813
Advanced 241 241
Repaid - -
At end of period 20,054 20,054


Other related
parties


Total
2023 £ £
At start of the period 19,578 19,578
Advanced 235 235
Repaid - -
At end of period 19,813 19,813

Loans from other related parties are repayable on demand. Interest on these loans are charged at a rate of between 0% and 2.5%.