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REGISTERED NUMBER: 03195365 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hutchinson Trustees Limited

Hutchinson Trustees Limited (Registered number: 03195365)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hutchinson Trustees Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P R Hutchinson
M A Bevan
D M Hutchinson
C J Allen
V M Wilkinson
A K Rickard





REGISTERED OFFICE: 5 Priory Court
Tuscam Way
Camberley
Surrey
GU15 3YX





REGISTERED NUMBER: 03195365 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Hutchinson Trustees Limited (Registered number: 03195365)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,554 -
2,554 -

CURRENT ASSETS
Debtors 6 729,838 547,157
Cash at bank and in hand 579,297 527,491
1,309,135 1,074,648
CREDITORS
Amounts falling due within one year 7 (621,316 ) (447,446 )
NET CURRENT ASSETS 687,819 627,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,373

627,202

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings 440,373 377,202
690,373 627,202

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.

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 10 October 2024 and were signed on its behalf by:





V M Wilkinson - Director


Hutchinson Trustees Limited (Registered number: 03195365)

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


1. STATUTORY INFORMATION

Hutchinson Trustees 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

-The amount of revenue can be measured reliably;
-It is probable that the company will receive the consideration due under the contract;
-The stage of completion of the contract at the end of the reporting period can be measured reliably; and
-The costs incurred and the costs to complete the contract can be measured reliably.

The above conditions are considered to be met upon delivery of the service to the customer. Revenue in respect of annual fees is recognised over the year for which they are invoiced, where revenue is invoiced in advance, the revenue is deferred over the period to which the service relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are recognised initially at the transaction price. Any that are not payable within twelve months are amortised, if material, using the effective interest method less any provision for impairment.

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 Statement of Financial Position date.


Hutchinson Trustees Limited (Registered number: 03195365)

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 Statement of Financial Position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the Statement of Financial Position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 220,403
AMORTISATION
At 1 April 2023
and 31 March 2024 220,403
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Hutchinson Trustees Limited (Registered number: 03195365)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,853 21,175 23,028
Additions - 3,226 3,226
At 31 March 2024 1,853 24,401 26,254
DEPRECIATION
At 1 April 2023 1,853 21,175 23,028
Charge for year - 672 672
At 31 March 2024 1,853 21,847 23,700
NET BOOK VALUE
At 31 March 2024 - 2,554 2,554
At 31 March 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 654,144 426,445
Other debtors 596 24,997
Deferred tax asset - 5,742
Prepayments and accrued income 75,098 89,973
729,838 547,157

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73,111 28,118
Tax 44,063 2,774
Social security and other taxes 8,243 7,916
VAT 56,787 31,548
Other creditors 32,400 26,344
Directors' current accounts 52,338 2,026
Accruals and deferred income 354,374 348,720
621,316 447,446

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,365 16,365
Between one and five years 8,182 24,547
24,547 40,912

Hutchinson Trustees Limited (Registered number: 03195365)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P R Hutchinson
Balance outstanding at start of year (2,026 ) (1,714 )
Amounts repaid (50,312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (52,338 ) (2,026 )

The above loan is unsecured, interest free and repayable on demand.