IRIS Accounts Production v25.1.0.734 06810846 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068108462023-07-31068108462024-07-31068108462023-08-012024-07-31068108462022-07-31068108462022-08-012023-07-31068108462023-07-3106810846ns15:EnglandWales2023-08-012024-07-3106810846ns14:PoundSterling2023-08-012024-07-3106810846ns10:Director12023-08-012024-07-3106810846ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106810846ns10:SmallEntities2023-08-012024-07-3106810846ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3106810846ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3106810846ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106810846ns10:FullAccounts2023-08-012024-07-3106810846ns10:OrdinaryShareClass12023-08-012024-07-3106810846ns10:Director22023-08-012024-07-3106810846ns10:Director32023-08-012024-07-3106810846ns10:RegisteredOffice2023-08-012024-07-3106810846ns5:CurrentFinancialInstruments2024-07-3106810846ns5:CurrentFinancialInstruments2023-07-3106810846ns5:Non-currentFinancialInstruments2024-07-3106810846ns5:Non-currentFinancialInstruments2023-07-3106810846ns5:ShareCapital2024-07-3106810846ns5:ShareCapital2023-07-3106810846ns5:RevaluationReserve2024-07-3106810846ns5:RevaluationReserve2023-07-3106810846ns5:RetainedEarningsAccumulatedLosses2024-07-3106810846ns5:RetainedEarningsAccumulatedLosses2023-07-3106810846ns5:LeaseholdImprovements2023-08-012024-07-3106810846ns5:PlantMachinery2023-08-012024-07-3106810846ns5:FurnitureFittings2023-08-012024-07-3106810846ns5:MotorVehicles2023-08-012024-07-3106810846ns5:LeaseholdImprovements2023-07-3106810846ns5:PlantMachinery2023-07-3106810846ns5:FurnitureFittings2023-07-3106810846ns5:MotorVehicles2023-07-3106810846ns5:LeaseholdImprovements2024-07-3106810846ns5:PlantMachinery2024-07-3106810846ns5:FurnitureFittings2024-07-3106810846ns5:MotorVehicles2024-07-3106810846ns5:LeaseholdImprovements2023-07-3106810846ns5:PlantMachinery2023-07-3106810846ns5:FurnitureFittings2023-07-3106810846ns5:MotorVehicles2023-07-3106810846ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3106810846ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3106810846ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3106810846ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3106810846ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3106810846ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3106810846ns10:OrdinaryShareClass12024-07-3106810846ns5:RevaluationReserve2023-07-31
REGISTERED NUMBER: 06810846 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

D Hatcher & Sons Limited

D Hatcher & Sons Limited (Registered number: 06810846)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D Hatcher & Sons Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs D Hatcher
J A D Hatcher
W Hatcher





REGISTERED OFFICE: Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ





REGISTERED NUMBER: 06810846 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

D Hatcher & Sons Limited (Registered number: 06810846)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 368,919 328,133

CURRENT ASSETS
Stocks 418,777 453,284
Debtors 5 204,283 138,459
623,060 591,743
CREDITORS
Amounts falling due within one year 6 370,211 362,465
NET CURRENT ASSETS 252,849 229,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,768

557,411

CREDITORS
Amounts falling due after more than one
year

7

311,797

318,806
NET ASSETS 309,971 238,605

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 62,155 62,155
Retained earnings 247,716 176,350
SHAREHOLDERS' FUNDS 309,971 238,605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 29 April 2025 and were signed on its behalf by:





Mrs D Hatcher - Director


D Hatcher & Sons Limited (Registered number: 06810846)

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

1. STATUTORY INFORMATION

D Hatcher & Sons 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

D Hatcher & Sons Limited (Registered number: 06810846)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 28,287 314,049 25,661 115,714 483,711
Additions - 8,250 2,156 81,585 91,991
At 31 July 2024 28,287 322,299 27,817 197,299 575,702
DEPRECIATION
At 1 August 2023 4,549 95,994 22,801 32,234 155,578
Charge for year 1,589 12,965 1,254 35,397 51,205
At 31 July 2024 6,138 108,959 24,055 67,631 206,783
NET BOOK VALUE
At 31 July 2024 22,149 213,340 3,762 129,668 368,919
At 31 July 2023 23,738 218,055 2,860 83,480 328,133

Cost or valuation at 31 July 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2022 (15,823 )
Cost 591,525
575,702

D Hatcher & Sons Limited (Registered number: 06810846)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 August 2023 163,819
Additions 85,735
At 31 July 2024 249,554
DEPRECIATION
At 1 August 2023 75,313
Charge for year 34,983
At 31 July 2024 110,296
NET BOOK VALUE
At 31 July 2024 139,258
At 31 July 2023 88,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 170,276 101,156
Other debtors 34,007 37,303
204,283 138,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 137,345 150,573
Hire purchase contracts 41,994 31,006
Trade creditors 100,341 137,076
Taxation and social security 45,606 14,439
Other creditors 44,925 29,371
370,211 362,465

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,852 32,408
Hire purchase contracts 75,291 36,262
Other creditors 209,654 250,136
311,797 318,806

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

D Hatcher & Sons Limited (Registered number: 06810846)

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

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 62,155

10. ULTIMATE CONTROLLING PARTY

Mrs D Hatcher controls the company by way of owning 60% of the issued share capital.