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REGISTERED NUMBER: 05623597 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

N F Hosey Limited

N F Hosey Limited (Registered number: 05623597)






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


N F Hosey Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J D Hosey
N F Hosey
C N Hosey





SECRETARY: Mrs J D Hosey





REGISTERED OFFICE: Stadium Studios
Unit 6A Drew Court
Watling Street, West Granby
Milton Keynes
Buckinghamshire
MK6 4AE





REGISTERED NUMBER: 05623597 (England and Wales)





ACCOUNTANTS: Abbey Accountants Ltd
Old Bishops' College
Cheshunt
Hertfordshire
EN8 9XP

N F Hosey Limited (Registered number: 05623597)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,385 84,441

CURRENT ASSETS
Stocks 68,565 67,114
Debtors 5 420,679 176,232
Cash at bank 1,134,226 1,167,357
1,623,470 1,410,703
CREDITORS
Amounts falling due within one year 6 376,267 215,546
NET CURRENT ASSETS 1,247,203 1,195,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,488,588

1,279,598

PROVISIONS FOR LIABILITIES 47,400 21,110
NET ASSETS 1,441,188 1,258,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,441,088 1,258,388
1,441,188 1,258,488

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.

N F Hosey Limited (Registered number: 05623597)

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 26 February 2025 and were signed on its behalf by:





Mrs J D Hosey - Director


N F Hosey Limited (Registered number: 05623597)

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

1. STATUTORY INFORMATION

N F Hosey 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.

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 etc - 25% on cost and Straight line over 5 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

N F Hosey Limited (Registered number: 05623597)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 146,044
Additions 210,007
Disposals (17,494 )
At 31 March 2024 338,557
DEPRECIATION
At 1 April 2023 61,603
Charge for year 52,164
Eliminated on disposal (16,595 )
At 31 March 2024 97,172
NET BOOK VALUE
At 31 March 2024 241,385
At 31 March 2023 84,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 320,658 134,903
Other debtors 100,021 41,329
420,679 176,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 125,058 110,382
Taxation and social security 172,403 69,757
Other creditors 78,806 35,407
376,267 215,546

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mrs J D Hosey
Balance outstanding at start of year 1,385 -
Amounts advanced 33,000 43,000
Amounts repaid (29,711 ) (41,615 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,674 1,385

N F Hosey Limited (Registered number: 05623597)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

N F Hosey
Balance outstanding at start of year 1,338 -
Amounts advanced 33,000 42,052
Amounts repaid (28,872 ) (40,714 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,466 1,338

C N Hosey
Balance outstanding at start of year - -
Amounts advanced 93,571 -
Amounts repaid (28,361 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,210 -

The directors Mrs J D Hosey and N F Hosey repaid their loan accounts on 5 April 2024 and C N Hosey repaid on 20 November 2024 .

8. RELATED PARTY DISCLOSURES

Dividend payments were made during the year to the directors totalling, Mrs J D Hosey £27,720 (2023: £37,785), N F Hosey £28,560 (2023: £38,930) and C N Hosey £27,720 (2023: £37,785).