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REGISTERED NUMBER: 01140107 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

ROGER HYDE LIMITED

ROGER HYDE LIMITED (REGISTERED NUMBER: 01140107)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROGER HYDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTOR: J E Hyde





SECRETARY: R H Hyde





REGISTERED OFFICE: Hadleigh Business Centre
Crockatt Road
Lady Lane Industrial Estate
Hadleigh
Suffolk
IP7 6RH





REGISTERED NUMBER: 01140107 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
24 High Street
Saffron Walden
Essex
CB10 1AX

ROGER HYDE LIMITED (REGISTERED NUMBER: 01140107)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,082 28,540

CURRENT ASSETS
Stocks 89,100 59,600
Debtors 5 526,992 372,461
Cash at bank 2 2,752
616,094 434,813
CREDITORS
Amounts falling due within one year 6 431,077 202,260
NET CURRENT ASSETS 185,017 232,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,099

261,093

CREDITORS
Amounts falling due after more than one
year

7

(143,205

)

(184,356

)

PROVISIONS FOR LIABILITIES (5,177 ) (6,411 )
NET ASSETS 59,717 70,326

CAPITAL AND RESERVES
Called up share capital 170 170
Retained earnings 59,547 70,156
SHAREHOLDERS' FUNDS 59,717 70,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 24 December 2024 and were signed by:





J E Hyde - Director


ROGER HYDE LIMITED (REGISTERED NUMBER: 01140107)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

Roger Hyde 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 measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes.

Revenue is recognised in the accounting period in which the goods were delivered and services were rendered. Where a project has only been partially completed at the balance sheet date revenue represents the value of the services supplied to date based on a proportion of the total consideration at completion.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price, 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.

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.


ROGER HYDE LIMITED (REGISTERED NUMBER: 01140107)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 6 April 2023 41,984 27,495 69,479
Additions 2,876 - 2,876
At 5 April 2024 44,860 27,495 72,355
DEPRECIATION
At 6 April 2023 34,065 6,874 40,939
Charge for year 3,179 5,155 8,334
At 5 April 2024 37,244 12,029 49,273
NET BOOK VALUE
At 5 April 2024 7,616 15,466 23,082
At 5 April 2023 7,919 20,621 28,540

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 6 April 2023
and 5 April 2024 27,495
DEPRECIATION
At 6 April 2023 6,874
Charge for year 5,155
At 5 April 2024 12,029
NET BOOK VALUE
At 5 April 2024 15,466
At 5 April 2023 20,621

ROGER HYDE LIMITED (REGISTERED NUMBER: 01140107)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,213 175,467
Other debtors 1,966 9,538
Intercompany debtors 131,814 67,552
Director's loan account 69,810 10,813
Corporation tax repayable 3,514 12,207
Accrued income 125,900 90,900
Prepayments 3,775 5,984
526,992 372,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 156,713 54,129
Hire purchase contracts (see note 8) 3,406 2,787
Trade creditors 63,005 58,696
Corporation tax 12,920 32,636
Social security and other taxes 25,069 28,223
VAT 34,154 1,581
Other creditors 19,089 884
Intercompany creditors 26,366 7,290
Accrued expenses 90,355 16,034
431,077 202,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1-2 years 32,316 27,794
Bank loans - 2-5 years 26,430 58,744
Hire purchase contracts (see note 8) 20,059 23,298
Tax due 2-5 years 44,160 44,160
Tax due after 5 years 20,240 30,360
143,205 184,356

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 4,954 4,954
Between one and five years 20,908 25,862
25,862 30,816

Finance charges repayable:
Within one year 1,548 2,167
Between one and five years 849 2,564
2,397 4,731

Net obligations repayable:
Within one year 3,406 2,787
Between one and five years 20,059 23,298
23,465 26,085

ROGER HYDE LIMITED (REGISTERED NUMBER: 01140107)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,003 6,936

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 44,666 303
Bank loans 170,793 140,364
Hire purchase contracts 23,465 26,085
238,924 166,752

The bank overdraft is secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

The bank loan is secured by a personal guarantee from J E Hyde, a director.

The hire purchase liability is secured against the asset to which it relates.

10. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
J E Hyde
Balance outstanding at start of year 10,813 57,195
Amounts advanced 69,810 -
Amounts repaid (10,813 ) (46,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,810 10,813

This loan is interest free and was repaid by the date of signing these accounts.

11. RELATED PARTY DISCLOSURES

Roger Hyde Flooring Limited, a company under the same control, made loans to and from the business during the year. There is a balance outstanding at the year end in respect of these loans of £69,664 (2023: £2,873). This is included in debtors falling due within one year (2023:creditors due within one year). The loan is interest free and repayable on demand.

Roger Hyde Wood Floor Specialists is a trade in which J E Hyde is involved. Loans were made to and from the business during the year. There is a balance outstanding at the year end in respect of these loans of £26,366 (2023: £4,417). This is included in creditors falling due within one year. The loan is interest free and repayable on demand.

Roger Hyde Floor Specialists is a partnership in which R H Hyde, a controlling shareholder, is a partner. Loans were made to and from the business during the year. There is a balance outstanding at the year end in respect of these loans of £62,150 (2023: £67,552). This is included in debtors falling due within one year. The loan is interest free and repayable on demand.