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REGISTERED NUMBER: 09576959 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Ian Hutchinson Enterprises Limited

Ian Hutchinson Enterprises Limited (Registered number: 09576959)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ian Hutchinson Enterprises Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: I Hutchinson





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 09576959 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Ian Hutchinson Enterprises Limited (Registered number: 09576959)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,131 65,321

CURRENT ASSETS
Debtors 5 63,518 177,817
Cash at bank 11,211 2,549
74,729 180,366
CREDITORS
Amounts falling due within one year 6 10,080 22,577
NET CURRENT ASSETS 64,649 157,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,780

223,110

CREDITORS
Amounts falling due after more than one year 7 (20,369 ) (30,250 )

PROVISIONS FOR LIABILITIES 8 (15,225 ) (12,411 )
NET ASSETS 109,186 180,449

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 109,185 180,448
SHAREHOLDERS' FUNDS 109,186 180,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 February 2025 and were signed by:





I Hutchinson - Director


Ian Hutchinson Enterprises Limited (Registered number: 09576959)

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


1. STATUTORY INFORMATION

Ian Hutchinson Enterprises 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Ian Hutchinson Enterprises Limited (Registered number: 09576959)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,130 183,755 495 187,380
Additions - 38,658 165 38,823
At 31 May 2024 3,130 222,413 660 226,203
DEPRECIATION
At 1 June 2023 2,059 119,340 660 122,059
Charge for year - 24,013 - 24,013
At 31 May 2024 2,059 143,353 660 146,072
NET BOOK VALUE
At 31 May 2024 1,071 79,060 - 80,131
At 31 May 2023 1,071 64,415 (165 ) 65,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,000 6,000
Lakeside Helicopters Ltd - 99,760
Direct Autos Loan 15,000 50,000
Directors' loan accounts 26,018 -
VAT 16,500 22,057
63,518 177,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 2
Tax 980 10,534
Directors' loan accounts - 2,941
Accrued expenses 9,100 9,100
10,080 22,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 20,369 30,250

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 15,225 12,411

Ian Hutchinson Enterprises Limited (Registered number: 09576959)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 12,411
Deferred Tax 2,814
Balance at 31 May 2024 15,225

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.