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REGISTERED NUMBER: 04750279 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Arthur Hurst & Son Limited

Arthur Hurst & Son Limited (Registered number: 04750279)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arthur Hurst & Son Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: N R Plant
G J Plant





SECRETARY: Mrs E A Plant





REGISTERED OFFICE: Little Summerhill Farm
Tickhill Lane, Dilhorne
Stoke On Trent
Staffordshire
ST10 2PL





REGISTERED NUMBER: 04750279 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Arthur Hurst & Son Limited (Registered number: 04750279)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,528 27,153
25,528 27,153

CURRENT ASSETS
Stocks 22,000 20,500
Debtors 6 37,102 16,868
Cash at bank - 7,562
59,102 44,930
CREDITORS
Amounts falling due within one year 7 (46,771 ) (41,956 )
NET CURRENT ASSETS 12,331 2,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,859

30,127

CREDITORS
Amounts falling due after more than one year 8 (23,823 ) (26,244 )
NET ASSETS 14,036 3,883

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,936 3,783
14,036 3,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





N R Plant - Director


Arthur Hurst & Son Limited (Registered number: 04750279)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Arthur Hurst & Son 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.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Arthur Hurst & Son Limited (Registered number: 04750279)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023
and 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 June 2023 12,348 2,216 73,757 88,321
Additions - - 6,785 6,785
At 31 May 2024 12,348 2,216 80,542 95,106
DEPRECIATION
At 1 June 2023 11,617 2,216 47,335 61,168
Charge for year 109 - 8,301 8,410
At 31 May 2024 11,726 2,216 55,636 69,578
NET BOOK VALUE
At 31 May 2024 622 - 24,906 25,528
At 31 May 2023 731 - 26,422 27,153

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 35,012 14,396
Other debtors 2,090 2,472
37,102 16,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,837 -
Hire purchase contracts 2,415 1,181
Trade creditors 5,365 15,687
Taxation and social security 21,130 15,025
Other creditors 13,024 10,063
46,771 41,956

Arthur Hurst & Son Limited (Registered number: 04750279)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 23,823 26,244