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REGISTERED NUMBER: 09645570 (England and Wales)

















Hinkson Interiors Limited

Financial Statements

for the Year Ended 30 June 2024






Hinkson Interiors Limited (Registered number: 09645570)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hinkson Interiors Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: D A Hinkson
Mrs C P Hinkson





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 09645570 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Hinkson Interiors Limited (Registered number: 09645570)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,360 9,805

CURRENT ASSETS
Debtors 5 2,921 4,741
Cash at bank 27,505 19,214
30,426 23,955
CREDITORS
Amounts falling due within one year 6 29,867 20,096
NET CURRENT ASSETS 559 3,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,919

13,664

CREDITORS
Amounts falling due after more than one
year

7

(18,855

)

(7,667

)

PROVISIONS FOR LIABILITIES (5,578 ) (1,738 )
NET ASSETS 5,486 4,259

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 5,286 4,059
SHAREHOLDERS' FUNDS 5,486 4,259

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.

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 13 March 2025 and were signed on its behalf by:





D A Hinkson - Director


Hinkson Interiors Limited (Registered number: 09645570)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Hinkson Interiors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Office equipment - 20% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Hinkson Interiors Limited (Registered number: 09645570)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 July 2023 4,880 2,285 20,000 27,165
Additions - - 30,990 30,990
Disposals - - (16,500 ) (16,500 )
At 30 June 2024 4,880 2,285 34,490 41,655
DEPRECIATION
At 1 July 2023 3,660 1,284 12,416 17,360
Charge for year 244 200 4,900 5,344
Eliminated on disposal - - (10,409 ) (10,409 )
At 30 June 2024 3,904 1,484 6,907 12,295
NET BOOK VALUE
At 30 June 2024 976 801 27,583 29,360
At 30 June 2023 1,220 1,001 7,584 9,805

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,990
At 30 June 2024 30,990
DEPRECIATION
Charge for year 3,874
At 30 June 2024 3,874
NET BOOK VALUE
At 30 June 2024 27,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 331 1,025
CIS deductions recoverable 2,590 3,716
2,921 4,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 4,236 -
UK corporation tax 4,731 1,789
Tax and social security costs 2,862 263
Other creditors 109 127
Directors' current accounts 12,445 12,604
Accruals and deferred income 1,484 1,313
29,867 20,096

Hinkson Interiors Limited (Registered number: 09645570)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,667 7,667
Hire purchase contracts 15,188 -
18,855 7,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 19,424 -

Hire purchase liabilities are secured on the assets concerned.