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REGISTERED NUMBER: 00902172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Charles Hyde & Son Limited

Charles Hyde & Son Limited (Registered number: 00902172)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charles Hyde & Son Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: J L Hyde
Mrs L Holbrough





REGISTERED OFFICE: Office F1 Beverley Enterprise
Beck View Road
Beverley
East Yorkshire
HU17 0JT





REGISTERED NUMBER: 00902172 (England and Wales)





ACCOUNTANTS: Dymond Accountants
Office F1,
Beverley Enterprise Centre
Beck View Road
Beverley
East Yorkshire
HU17 0JT

Charles Hyde & Son Limited (Registered number: 00902172)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 423,006 439,649

CURRENT ASSETS
Debtors 5 30,500 22,500
Cash at bank 293,843 300,402
324,343 322,902
CREDITORS
Amounts falling due within one year 6 24,639 23,942
NET CURRENT ASSETS 299,704 298,960
TOTAL ASSETS LESS CURRENT LIABILITIES 722,710 738,609

CAPITAL AND RESERVES
Called up share capital 30,968 30,968
Capital redemption reserve 19,432 19,432
Retained earnings 672,310 688,209
722,710 738,609

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.

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 2nd September 2024 and were signed on its behalf by:





Mrs L Holbrough - Director


Charles Hyde & Son Limited (Registered number: 00902172)

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


1. STATUTORY INFORMATION

Charles Hyde & 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% Cost
Motor vehicles - 25% on reducing balance

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.

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.

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 ) .

Charles Hyde & Son Limited (Registered number: 00902172)

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


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 690,892 316,576 26,783 1,034,251
DEPRECIATION
At 1st April 2023 262,541 316,576 15,485 594,602
Charge for year 13,818 - 2,825 16,643
At 31st March 2024 276,359 316,576 18,310 611,245
NET BOOK VALUE
At 31st March 2024 414,533 - 8,473 423,006
At 31st March 2023 428,351 - 11,298 439,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 30,500 22,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 17,248 17,131
Other creditors 7,391 6,811
24,639 23,942