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REGISTERED NUMBER: 00312826 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Essex Hinge Co. Limited

Essex Hinge Co. Limited (Registered number: 00312826)






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

Chartered Accountants' Report 6

Essex Hinge Co. Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C A Reid





SECRETARY: Mrs S Reid





REGISTERED OFFICE: 23 Tallon Road
Hutton
Brentwood
Essex
CM13 1TP





REGISTERED NUMBER: 00312826 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Essex Hinge Co. Limited (Registered number: 00312826)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,521 229,072

CURRENT ASSETS
Stocks 239,489 293,216
Debtors 5 224,058 210,016
Cash at bank and in hand 1,487,809 1,276,260
1,951,356 1,779,492
CREDITORS
Amounts falling due within one year 6 220,489 128,269
NET CURRENT ASSETS 1,730,867 1,651,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,936,388

1,880,295

PROVISIONS FOR LIABILITIES 5,673 7,258
NET ASSETS 1,930,715 1,873,037

CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Capital redemption reserve 2,100 2,100
Retained earnings 1,925,615 1,867,937
SHAREHOLDERS' FUNDS 1,930,715 1,873,037

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 director acknowledges his 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.

Essex Hinge Co. Limited (Registered number: 00312826)

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 director and authorised for issue on 17 July 2024 and were signed by:





C A Reid - Director


Essex Hinge Co. Limited (Registered number: 00312826)

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

1. STATUTORY INFORMATION

Essex Hinge Co. 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 represents the fair value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 15% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 - 11 ) .

Essex Hinge Co. Limited (Registered number: 00312826)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 311,747 794,701 1,106,448
Additions - 13,400 13,400
At 31 March 2024 311,747 808,101 1,119,848
DEPRECIATION
At 1 April 2023 130,935 746,441 877,376
Charge for year 6,235 30,716 36,951
At 31 March 2024 137,170 777,157 914,327
NET BOOK VALUE
At 31 March 2024 174,577 30,944 205,521
At 31 March 2023 180,812 48,260 229,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 212,350 198,928
Other debtors 11,708 11,088
224,058 210,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 45,532 21,089
Taxation and social security 168,461 102,331
Other creditors 6,496 4,849
220,489 128,269

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,900 Ordinary £1 2,900 2,900
100 Non Voting B £1 100 100
3,000 3,000

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Essex Hinge Co. Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Essex Hinge Co. Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 director of Essex Hinge Co. Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Essex Hinge Co. Limited and state those matters that we have agreed to state to the director of Essex Hinge Co. Limited 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 Essex Hinge Co. Limited and its director for our work or for this report.

It is your duty to ensure that Essex Hinge Co. Limited 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 Essex Hinge Co. Limited. You consider that Essex Hinge Co. Limited 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 Essex Hinge Co. Limited. 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.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


17 July 2024