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REGISTERED NUMBER: 04382460 (England and Wales)











Financial Statements

for the Year Ended 31 July 2024

for

Hutchins Marine Sales Limited

Hutchins Marine Sales Limited (Registered number: 04382460)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hutchins Marine Sales Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P J Hutchins





SECRETARY: Miss I Hutchins





REGISTERED OFFICE: The Wain House
Stretfordbury
Leominster
Herefordshire
HR6 0LP





REGISTERED NUMBER: 04382460 (England and Wales)





ACCOUNTANTS: N R Bennett Ltd
The Wain House
Stretfordbury
Leominster
Herefordshire
HR6 0LP

Hutchins Marine Sales Limited (Registered number: 04382460)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 136 259

CURRENT ASSETS
Stocks 260,681 255,681
Debtors 5 75,195 25,471
Cash at bank 22,803 8,743
358,679 289,895
CREDITORS
Amounts falling due within one year 6 286,379 231,234
NET CURRENT ASSETS 72,300 58,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,436

58,920

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 72,435 58,919
SHAREHOLDERS' FUNDS 72,436 58,920

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





P J Hutchins - Director


Hutchins Marine Sales Limited (Registered number: 04382460)

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

1. STATUTORY INFORMATION

Hutchins Marine Sales 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 - 33.33% on cost and 15% on reducing balance

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

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.

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 6,278
DEPRECIATION
At 1 August 2023 6,019
Charge for year 123
At 31 July 2024 6,142
NET BOOK VALUE
At 31 July 2024 136
At 31 July 2023 259

Hutchins Marine Sales Limited (Registered number: 04382460)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 33,768 7,495
Other debtors 41,427 17,976
75,195 25,471

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 19,052 13,068
Taxation and social security 20,313 15,159
Other creditors 247,014 203,007
286,379 231,234