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REGISTERED NUMBER: 06185537 (England and Wales)










Financial Statements

for the Year Ended 31st March 2024

for

M & J Hussey Enterprises Ltd

M & J Hussey Enterprises Ltd (Registered number: 06185537)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


M & J Hussey Enterprises Ltd (Registered number: 06185537)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 852,288 753,946

CURRENT ASSETS
Stocks 120 340
Debtors 5 51,106 63,046
Cash at bank 91,424 135,095
142,650 198,481
CREDITORS
Amounts falling due within one year 6 80,440 61,482
NET CURRENT ASSETS 62,210 136,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

914,498

890,945

PROVISIONS FOR LIABILITIES 149,667 130,982
NET ASSETS 764,831 759,963

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 7 298,310 298,310
Retained earnings 464,521 459,653
SHAREHOLDERS' FUNDS 764,831 759,963

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

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

M & J Hussey Enterprises Ltd (Registered number: 06185537)

Balance Sheet - continued
31st March 2024


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 11th July 2024 and were signed on its behalf by:





M J Hussey - Director


M & J Hussey Enterprises Ltd (Registered number: 06185537)

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

1. STATUTORY INFORMATION

M & J Hussey Enterprises Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06185537

Registered office: Can Court Farm
Hay Lane
Wroughton
Swindon
SN4 9QS

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and hire of boats, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Boats - 15% on reducing balance
Plant and machinery - 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.

3. EMPLOYEES AND DIRECTORS

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

M & J Hussey Enterprises Ltd (Registered number: 06185537)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property Boats machinery Tractors Totals
£    £    £    £    £   
COST OR VALUATION
At 1st April 2023 362,879 408,801 170,475 148,496 1,090,651
Additions - 187,900 24,418 - 212,318
Disposals - (62,000 ) (15,900 ) - (77,900 )
At 31st March 2024 362,879 534,701 178,993 148,496 1,225,069
DEPRECIATION
At 1st April 2023 - 210,338 77,337 49,030 336,705
Charge for year - 57,144 16,060 24,867 98,071
Eliminated on disposal - (56,586 ) (5,409 ) - (61,995 )
At 31st March 2024 - 210,896 87,988 73,897 372,781
NET BOOK VALUE
At 31st March 2024 362,879 323,805 91,005 74,599 852,288
At 31st March 2023 362,879 198,463 93,138 99,466 753,946

Cost or valuation at 31st March 2024 is represented by:

Freehold Plant and
property Boats machinery Tractors Totals
£    £    £    £    £   
Valuation in 2015 362,879 408,801 170,475 148,496 1,090,651
Cost - 125,900 8,518 - 134,418
362,879 534,701 178,993 148,496 1,225,069

If the farm land had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 64,569 64,569

Value of land in freehold land and buildings 64,569 64,569

Freehold property was valued on an open market basis basis on 19th January 2015 by WebbPaton Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,005 42,532
Other debtors 11,101 20,514
51,106 63,046

M & J Hussey Enterprises Ltd (Registered number: 06185537)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 55,879 59,105
Taxation and social security 1,110 -
Other creditors 23,451 2,377
80,440 61,482

7. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 298,310