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REGISTERED NUMBER: 00543739 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

S.E.L.HUTSON LIMITED

S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.E.L.HUTSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Dr E S Bosher
Mrs S M Jenkins
Miss C N Jenkins





REGISTERED OFFICE: 400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ





REGISTERED NUMBER: 00543739 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,217 1,430
Investment property 5 935,000 800,000
936,217 801,430

CURRENT ASSETS
Debtors 6 5,579 4,379
Cash at bank and in hand 26,217 19,973
31,796 24,352
CREDITORS
Amounts falling due within one year 7 65,479 63,147
NET CURRENT LIABILITIES (33,683 ) (38,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,534

762,635

CREDITORS
Amounts falling due after more than
one year

8

(3,473

)

(5,488

)

PROVISIONS FOR LIABILITIES (181,845 ) (112,592 )
NET ASSETS 717,216 644,555

S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)

BALANCE SHEET - continued
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 9 690,536 624,756
Retained earnings 16,680 9,799
717,216 644,555

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2024 and were signed on its behalf by:





Mrs S M Jenkins - Director


S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

S.E.L.Hutson 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 3,620
DEPRECIATION
At 1 February 2023 2,190
Charge for year 213
At 31 January 2024 2,403
NET BOOK VALUE
At 31 January 2024 1,217
At 31 January 2023 1,430

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 800,000
Revaluations 135,000
At 31 January 2024 935,000
NET BOOK VALUE
At 31 January 2024 935,000
At 31 January 2023 800,000

S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 135,000
Valuation in 2023 65,000
Valuation in 2022 993
Valuation in 2021 20,000
Valuation in 2019 50,000
Valuation in 2018 150,000
Valuation in 2017 (40,000 )
Valuation in 2014 491,083
Cost 62,924
935,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 62,924 62,924

Investment property were valued on an open market basis on 31 January 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,752 658
Other debtors 3,827 3,721
5,579 4,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,015 1,966
Taxation and social security 5,192 3,495
Other creditors 58,272 57,686
65,479 63,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 3,473 5,488

S.E.L.HUTSON LIMITED (REGISTERED NUMBER: 00543739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 624,756
Fair value movement 65,780

At 31 January 2024 690,536

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,009 (2023 - £9,370) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who hold 100% of the issued share capital.