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REGISTERED NUMBER: 04349529 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

IAN HYDER & COMPANY LTD.

IAN HYDER & COMPANY LTD. (REGISTERED NUMBER: 04349529)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

IAN HYDER & COMPANY LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I C Hyder
R Hyder





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 04349529 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

IAN HYDER & COMPANY LTD. (REGISTERED NUMBER: 04349529)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,089 9,456

CURRENT ASSETS
Debtors 5 24,510 26,169
Cash at bank 2,805 12,280
27,315 38,449
CREDITORS
Amounts falling due within one year 6 29,513 36,008
NET CURRENT (LIABILITIES)/ASSETS (2,198 ) 2,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,891

11,897

CREDITORS
Amounts falling due after more than one year 7 (14,971 ) (22,202 )

PROVISIONS FOR LIABILITIES 8 (1,347 ) (1,797 )
NET LIABILITIES (11,427 ) (12,102 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (11,529 ) (12,204 )
SHAREHOLDERS' FUNDS (11,427 ) (12,102 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

IAN HYDER & COMPANY LTD. (REGISTERED NUMBER: 04349529)

BALANCE SHEET - continued
29 FEBRUARY 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 16 September 2024 and were signed on its behalf by:





I C Hyder - Director


IAN HYDER & COMPANY LTD. (REGISTERED NUMBER: 04349529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Ian Hyder & Company Ltd. 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 at the balance sheet date the balance sheet reflects net current liabilities totalling £2,198.

The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

The directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements..

Turnover
Turnover represents net invoiced sales of services being residential sales and lettings, excluding value added tax.
Turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

IAN HYDER & COMPANY LTD. (REGISTERED NUMBER: 04349529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 4,316 25,756 28,661 29,223 87,956
DEPRECIATION
At 1 March 2023 4,316 17,606 27,647 28,931 78,500
Charge for year - 2,038 152 177 2,367
At 29 February 2024 4,316 19,644 27,799 29,108 80,867
NET BOOK VALUE
At 29 February 2024 - 6,112 862 115 7,089
At 28 February 2023 - 8,150 1,014 292 9,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 411 1,136
Directors' loan accounts 23,775 23,444
Prepayments 324 1,589
24,510 26,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 3,128 5,155
Tax 14,132 20,696
Social security and other taxes 3,392 267
VAT 1,712 2,781
Other creditors 50 108
Accrued expenses 2,099 2,001
29,513 36,008

IAN HYDER & COMPANY LTD. (REGISTERED NUMBER: 04349529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 9,971 14,075
Hire purchase contracts - 3,127
14,971 22,202

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 1,347 1,797

Deferred
tax
£   
Balance at 1 March 2023 1,797
Provided during year (450 )
Balance at 29 February 2024 1,347

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
I C Hyder
Balance outstanding at start of year (23,444 ) (25,306 )
Amounts advanced 3,787 (4,621 )
Amounts repaid (4,118 ) 6,483
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (23,775 ) (23,444 )

There are no term's attached to this balance.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, Mr I Hyder, a director, owed the entity £23,775 (2023: £23,444) as shown in director advances

This balance is interest free and has no terms attached.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IAN HYDER & COMPANY LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ian Hyder & Company Ltd. for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ian Hyder & Company Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ian Hyder & Company Ltd. and state those matters that we have agreed to state to the Board of Directors of Ian Hyder & Company Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ian Hyder & Company Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ian Hyder & Company Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ian Hyder & Company Ltd.. You consider that Ian Hyder & Company Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ian Hyder & Company Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


16 September 2024