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REGISTERED NUMBER: 06647484 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hutchinson's PVC Solutions Limited

Hutchinson's PVC Solutions Limited (Registered number: 06647484)






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


Hutchinson's PVC Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Hutchinson
L Hutchinson





REGISTERED OFFICE: Unit 4, Hamilton Building
Holmewood Industrial Park
Holmewood
Chesterfield
Derbyshire
S42 25UW





REGISTERED NUMBER: 06647484 (England and Wales)





ACCOUNTANTS: Allround Accountancy Services Limited
Penmore House
Hasland Road
Hasland
Chesterfield
Derbyshire
S41 0SJ

Hutchinson's PVC Solutions Limited (Registered number: 06647484)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,457 84,290
94,457 84,290

CURRENT ASSETS
Stocks 7,600 20,800
Debtors 6 73,061 3,700
Cash at bank and in hand 253,543 150,225
334,204 174,725
CREDITORS
Amounts falling due within one year 7 102,180 55,140
NET CURRENT ASSETS 232,024 119,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,481

203,875

CREDITORS
Amounts falling due after more than one
year

8

(33,262

)

(34,360

)

PROVISIONS FOR LIABILITIES (23,614 ) (16,015 )
NET ASSETS 269,605 153,500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 269,505 153,400
SHAREHOLDERS' FUNDS 269,605 153,500

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.

Hutchinson's PVC Solutions Limited (Registered number: 06647484)

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 6 November 2024 and were signed on its behalf by:




D Hutchinson - Director



L Hutchinson - Director


Hutchinson's PVC Solutions Limited (Registered number: 06647484)

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

1. STATUTORY INFORMATION

Hutchinson's PVC Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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.

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 etc - 25% on reducing balance, 20% on reducing balance and not provided

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.

Hutchinson's PVC Solutions Limited (Registered number: 06647484)

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

2. ACCOUNTING POLICIES - continued

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.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 3,000
AMORTISATION
At 1 April 2023
and 31 March 2024 3,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 126,273
Additions 33,778
At 31 March 2024 160,051
DEPRECIATION
At 1 April 2023 41,983
Charge for year 23,611
At 31 March 2024 65,594
NET BOOK VALUE
At 31 March 2024 94,457
At 31 March 2023 84,290

Hutchinson's PVC Solutions Limited (Registered number: 06647484)

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
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 47,890
DEPRECIATION
At 1 April 2023 3,190
Charge for year 8,940
At 31 March 2024 12,130
NET BOOK VALUE
At 31 March 2024 35,760
At 31 March 2023 44,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,061 -
Other debtors 1,000 3,700
73,061 3,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,104 2,000
Hire purchase contracts 4,825 10,641
Trade creditors 2,565 15,110
Taxation and social security 83,441 26,376
Other creditors 9,245 1,013
102,180 55,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,000 5,089
Hire purchase contracts 30,262 29,271
33,262 34,360

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to the directors at the balance sheet date was £486 (2023: £17).

Hutchinson's PVC Solutions Limited (Registered number: 06647484)

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

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors.