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REGISTERED NUMBER: 06435862 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

J HUBBARD & SON LIMITED

J HUBBARD & SON LIMITED (REGISTERED NUMBER: 06435862)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J HUBBARD & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs J C Hubbard
C O Hubbard





SECRETARY: Mrs J C Hubbard





REGISTERED OFFICE: Maplefield House
Little Beanit Farm, Waste Lane
Berkswell
Coventry
CV7 7GH





REGISTERED NUMBER: 06435862 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

J HUBBARD & SON LIMITED (REGISTERED NUMBER: 06435862)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,050 118,818

CURRENT ASSETS
Stocks 344,405 293,020
Debtors 5 67,147 291,255
Cash at bank and in hand 176,492 140,122
588,044 724,397
CREDITORS
Amounts falling due within one year 6 121,268 241,963
NET CURRENT ASSETS 466,776 482,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,826

601,252

PROVISIONS FOR LIABILITIES 27,513 29,705
NET ASSETS 549,313 571,547

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 549,213 571,447
549,313 571,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 HUBBARD & SON LIMITED (REGISTERED NUMBER: 06435862)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 28th December 2024 and were signed on its behalf by:




C O Hubbard - Director



Mrs J C Hubbard - Director


J HUBBARD & SON LIMITED (REGISTERED NUMBER: 06435862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

J Hubbard & Son 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on reducing balance

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.

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.

J HUBBARD & SON LIMITED (REGISTERED NUMBER: 06435862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 3,438 260,131 263,569
Additions - 14,120 14,120
Disposals - (11,750 ) (11,750 )
At 31st December 2023 3,438 262,501 265,939
DEPRECIATION
At 1st January 2023 759 143,992 144,751
Charge for year 69 22,819 22,888
Eliminated on disposal - (11,750 ) (11,750 )
At 31st December 2023 828 155,061 155,889
NET BOOK VALUE
At 31st December 2023 2,610 107,440 110,050
At 31st December 2022 2,679 116,139 118,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 61,095 212,900
Other debtors 6,052 78,355
67,147 291,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 65,425 97,409
Taxation and social security 22,700 41,364
Other creditors 33,143 103,190
121,268 241,963