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REGISTERED NUMBER: 00535080 (England and Wales)











J HIND & SON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






J HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


J HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,265,164 3,255,681
Investments 5 5,670 5,670
3,270,834 3,261,351

CURRENT ASSETS
Stocks 631,500 390,000
Debtors 176,350 200,071
Prepayments and accrued income 88,019 64,294
Cash at bank and in hand 524,096 956,915
1,419,965 1,611,280
CREDITORS
Amounts falling due within one year 844,641 1,011,804
NET CURRENT ASSETS 575,324 599,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,846,158

3,860,827

CREDITORS
Amounts falling due after more than one
year

(66,750

)

(63,160

)

PROVISIONS FOR LIABILITIES (300,672 ) (274,590 )

ACCRUALS AND DEFERRED INCOME (12,128 ) (130,957 )
NET ASSETS 3,466,608 3,392,120

CAPITAL AND RESERVES
Called up share capital 7 37,008 37,008
Retained earnings 3,429,600 3,355,112
SHAREHOLDERS' FUNDS 3,466,608 3,392,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





A R H Hind - Director


J HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

J Hind & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00535080

Registered office: 3 Weekley Wood Close
Kettering
Northamptonshire
NN14 1UQ

The place of business address is Elm Tree Farm, Counthorpe, Little Bytham, Grantham, Lincolnshire, NG33 4QE.

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 amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

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% on cost less residual value
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


J HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Ec arable payments
Area-aid and set-a-side are allocated over the crops grown and the proportion relating to crops sold during the year is included within income.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

J HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 4,636,678
Additions 278,050
Disposals (64,732 )
At 30 June 2024 4,849,996
DEPRECIATION
At 1 July 2023 1,380,997
Charge for year 253,154
Eliminated on disposal (49,319 )
At 30 June 2024 1,584,832
NET BOOK VALUE
At 30 June 2024 3,265,164
At 30 June 2023 3,255,681

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
SPS entitlements 5,670 5,670

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 163,285 126,320

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,502 Ordinary A £1 4,753 4,753
31,506 Ordinary B £1 31,506 31,506
749 Ordinary C £1 749 749
37,008 37,008

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £Nil (2023 - £21,000)

J HIND & SON LIMITED (REGISTERED NUMBER: 00535080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A R H Hind
Balance outstanding at start of year 20,573 37,819
Amounts advanced 20,319 37,847
Amounts repaid (21,000 ) (55,093 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,892 20,573

Interest was charged at the HMRC official rate. This loan was repaid in full on 01 November 2024.