IRIS Accounts Production v24.1.9.2 05737491 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 B Ordinary Non Voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057374912023-03-31057374912024-03-31057374912023-04-012024-03-31057374912022-03-31057374912022-04-012023-03-31057374912023-03-3105737491ns15:EnglandWales2023-04-012024-03-3105737491ns14:PoundSterling2023-04-012024-03-3105737491ns10:Director12023-04-012024-03-3105737491ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105737491ns10:SmallEntities2023-04-012024-03-3105737491ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105737491ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105737491ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105737491ns10:FullAccounts2023-04-012024-03-310573749112023-04-012024-03-3105737491ns10:OrdinaryShareClass12023-04-012024-03-3105737491ns10:OrdinaryShareClass22023-04-012024-03-3105737491ns10:Director22023-04-012024-03-3105737491ns10:CompanySecretary12023-04-012024-03-3105737491ns10:RegisteredOffice2023-04-012024-03-3105737491ns5:CurrentFinancialInstruments2024-03-3105737491ns5:CurrentFinancialInstruments2023-03-3105737491ns5:Non-currentFinancialInstruments2024-03-3105737491ns5:Non-currentFinancialInstruments2023-03-3105737491ns5:ShareCapital2024-03-3105737491ns5:ShareCapital2023-03-3105737491ns5:RetainedEarningsAccumulatedLosses2024-03-3105737491ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105737491ns5:ComputerSoftware2023-04-012024-03-3105737491ns5:PlantMachinery2023-04-012024-03-3105737491ns5:MotorVehicles2023-04-012024-03-3105737491ns5:ComputerEquipment2023-04-012024-03-3105737491ns5:ComputerSoftware2023-03-3105737491ns5:ComputerSoftware2024-03-3105737491ns5:ComputerSoftware2023-03-3105737491ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3105737491ns5:LeaseholdImprovements2023-03-3105737491ns5:PlantMachinery2023-03-3105737491ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3105737491ns5:LeaseholdImprovements2023-04-012024-03-3105737491ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3105737491ns5:LeaseholdImprovements2024-03-3105737491ns5:PlantMachinery2024-03-3105737491ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3105737491ns5:LeaseholdImprovements2023-03-3105737491ns5:PlantMachinery2023-03-3105737491ns5:MotorVehicles2023-03-3105737491ns5:ComputerEquipment2023-03-3105737491ns5:MotorVehicles2024-03-3105737491ns5:ComputerEquipment2024-03-3105737491ns5:MotorVehicles2023-03-3105737491ns5:ComputerEquipment2023-03-3105737491ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3105737491ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3105737491ns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3105737491ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3105737491ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3105737491ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3105737491ns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2024-03-3105737491ns5:LeasedAssetsHeldAsLessee2024-03-3105737491ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:ComputerEquipmentns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:LeasedAssetsHeldAsLessee2023-03-3105737491ns5:CostValuation2023-03-3105737491ns5:AdditionsToInvestments2024-03-3105737491ns5:DisposalsRepaymentsInvestments2024-03-3105737491ns5:CostValuation2024-03-3105737491ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105737491ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105737491ns10:OrdinaryShareClass12024-03-3105737491ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 05737491 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

J.H. HUTCHINSON & SON LIMITED

J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)






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


J.H. HUTCHINSON & SON LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Joseph Derek Hutchinson
Mr Jonathan Mark Hutchinson





SECRETARY: Mr Jonathan Mark Hutchinson





REGISTERED OFFICE: Wilks Farm
Lealholm
Whitby
North Yorkshire
YO21 2AA





REGISTERED NUMBER: 05737491 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

Balance Sheet
31 March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,800 2,250
Tangible assets 5 1,785,044 1,786,015
Investments 6 190,354 178,175
1,977,198 1,966,440

CURRENT ASSETS
Stocks 7 793,723 718,971
Debtors 8 101,684 168,079
Cash at bank 2,154 147,524
897,561 1,034,574
CREDITORS
Amounts falling due within one year 9 466,338 580,512
NET CURRENT ASSETS 431,223 454,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,408,421

2,420,502

CREDITORS
Amounts falling due after more than one
year

10

(392,203

)

(418,245

)

PROVISIONS FOR LIABILITIES (184,441 ) (145,045 )
NET ASSETS 1,831,777 1,857,212

CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings 1,831,675 1,857,110
SHAREHOLDERS' FUNDS 1,831,777 1,857,212

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 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.

J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:





Mr Jonathan Mark Hutchinson - Director


J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

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

1. STATUTORY INFORMATION

J.H. HUTCHINSON & 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.

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.

Entitlement is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Tractors - 20% 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.

Biological assets within stock, comprising of cattle, are valued under the deemed cost model in accordance with Section 34 of FRS102.

Growing crops are valued at deemed cost in accordance with Section 34 of FRS 102.

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.


J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Entitlement
£   
COST
At 1 April 2023
and 31 March 2024 85,412
AMORTISATION
At 1 April 2023 83,162
Amortisation for year 450
At 31 March 2024 83,612
NET BOOK VALUE
At 31 March 2024 1,800
At 31 March 2023 2,250

J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

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

5. TANGIBLE FIXED ASSETS
Freehold
land and Tenants Plant and
property improvements machinery
£    £    £   
COST
At 1 April 2023 866,288 302,220 994,449
Additions 4,573 - 123,272
Disposals - - (5,790 )
At 31 March 2024 870,861 302,220 1,111,931
DEPRECIATION
At 1 April 2023 58,237 36,267 481,061
Charge for year 17,326 6,044 63,437
Eliminated on disposal - - (3,506 )
At 31 March 2024 75,563 42,311 540,992
NET BOOK VALUE
At 31 March 2024 795,298 259,909 570,939
At 31 March 2023 808,051 265,953 513,388

Motor
vehicles Tractors Totals
£    £    £   
COST
At 1 April 2023 55,690 405,460 2,624,107
Additions - - 127,845
Disposals - - (5,790 )
At 31 March 2024 55,690 405,460 2,746,162
DEPRECIATION
At 1 April 2023 30,762 231,765 838,092
Charge for year 4,985 34,740 126,532
Eliminated on disposal - - (3,506 )
At 31 March 2024 35,747 266,505 961,118
NET BOOK VALUE
At 31 March 2024 19,943 138,955 1,785,044
At 31 March 2023 24,928 173,695 1,786,015

J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Tractors Totals
£    £    £    £   
COST
At 1 April 2023 81,770 15,500 227,050 324,320
Additions 31,450 - - 31,450
At 31 March 2024 113,220 15,500 227,050 355,770
DEPRECIATION
At 1 April 2023 13,577 7,564 89,647 110,788
Charge for year 9,964 - 23,975 33,939
At 31 March 2024 23,541 7,564 113,622 144,727
NET BOOK VALUE
At 31 March 2024 89,679 7,936 113,428 211,043
At 31 March 2023 68,193 7,936 137,403 213,532

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 178,175
Additions 16,679
Disposals (4,500 )
At 31 March 2024 190,354
NET BOOK VALUE
At 31 March 2024 190,354
At 31 March 2023 178,175

7. STOCKS
31.3.24 31.3.23
as restated
£    £   
Livestock 213,252 170,580
Growing crops and consumables 130,471 119,091
Herd 450,000 429,300
793,723 718,971

J.H. HUTCHINSON & SON LIMITED (Registered number: 05737491)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade debtors 69,820 107,384
Other debtors 31,864 60,695
101,684 168,079

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Bank loans and overdrafts 47,704 114,359
Hire purchase contracts 53,429 58,040
Trade creditors 229,488 244,649
Taxation and social security 32,815 58,146
Other creditors 102,902 105,318
466,338 580,512

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
as restated
£    £   
Bank loans 288,878 302,260
Hire purchase contracts 56,778 82,905
Other creditors 46,547 33,080
392,203 418,245

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 193,378 187,410

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: as restated
£    £   
100 Ordinary £1 100 100
2 B Ordinary Non Voting £1 2 2
102 102