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REGISTERED NUMBER: 02733364 (England and Wales)












HATCH AUTOCHEMICALS (1992) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HATCH AUTOCHEMICALS (1992) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: R M Hatch





SECRETARY: Mrs P Hatch





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





BUSINESS ADDRESS: Unit 4B
Herald Industrial Estate
Botley Road, Hedge End
Southampton
Hampshire
SO30 2JW





REGISTERED NUMBER: 02733364 (England and Wales)

HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 170,000 170,000
Tangible assets 5 131,032 150,920
301,032 320,920

CURRENT ASSETS
Stocks 42,272 36,714
Debtors 6 74,859 75,444
Cash in hand 269 269
117,400 112,427
CREDITORS
Amounts falling due within one year 7 (125,363 ) (117,400 )
NET CURRENT LIABILITIES (7,963 ) (4,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,069

315,947

CREDITORS
Amounts falling due after more than one
year

8

(103,158

)

(129,342

)

PROVISIONS FOR LIABILITIES (55,125 ) (79,368 )
NET ASSETS 134,786 107,237

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 25 25
Non-distributable reserves 127,500 127,500
Retained earnings 7,161 (20,388 )
SHAREHOLDERS' FUNDS 134,786 107,237

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 25 April 2025 and were signed by:





R M Hatch - Director


HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Hatch Autochemicals (1992) 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
The director is satisfied that the company is a going concern for at least 12 months following the signing of these financial statements. Accordingly, the financial statements have been prepared on this basis.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Intangible assets
The company purchased the right to operate in certain postcodes. The company has valued the licences for the postcodes in which it operates at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the non-distributable reserve.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 - 15% Straight line
Fixtures and fittings - 15% Straight line
Motor vehicles - 25% Reducing balance and Straight line over 4 years
Computer equipment - 15% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

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.

HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Sales
territory
£
COST OR VALUATION
At 1 September 2023
and 31 August 2024 170,000
NET BOOK VALUE
At 31 August 2024 170,000
At 31 August 2023 170,000

Cost or valuation at 31 August 2024 is represented by:

Sales
territory
£
Valuation in 2021 170,000

HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2023 4,200 525 214,462 4,829 224,016
Additions - - - 2,279 2,279
At 31 August 2024 4,200 525 214,462 7,108 226,295
DEPRECIATION
At 1 September 2023 4,200 231 65,527 3,138 73,096
Charge for year - 52 21,297 818 22,167
At 31 August 2024 4,200 283 86,824 3,956 95,263
NET BOOK VALUE
At 31 August 2024 - 242 127,638 3,152 131,032
At 31 August 2023 - 294 148,935 1,691 150,920

The net book value of tangible fixed assets includes £125,499 (2023 - £146,081) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 67,738 70,913
Other debtors 7,121 4,531
74,859 75,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 32,899 30,628
Hire purchase contracts (see note 9) 16,183 16,183
Trade creditors 42,966 43,788
Taxation and social security 14,010 13,475
Other creditors 19,305 13,326
125,363 117,400

HATCH AUTOCHEMICALS (1992) LIMITED (REGISTERED NUMBER: 02733364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 8,333 18,333
Hire purchase contracts (see note 9) 94,825 111,009
103,158 129,342

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 16,183 16,183
Between one and five years 94,825 111,009
111,008 127,192

Non-cancellable
operating leases
2024 2023
£ £
Within one year 10,424 10,424
Between one and five years 7,818 18,241
18,242 28,665

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 111,008 127,192

The hire purchase liabilities are secured against the assets to which they relate.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the director owed the company £6,247 (2023 - £3,373).

The loan does not attract interest and is repayable upon demand.