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REGISTERED NUMBER: 14389027 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

S R Hibbitt & Sons Ltd

S R Hibbitt & Sons Ltd (Registered number: 14389027)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S R Hibbitt & Sons Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C J Hibbitt
S J Hibbitt
Mrs J Rose





SECRETARY: Mrs J Rose





REGISTERED OFFICE: 26 Lincoln Drive
Melton Mowbray
Leicestershire
LE13 0AH





REGISTERED NUMBER: 14389027 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

S R Hibbitt & Sons Ltd (Registered number: 14389027)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,784 15,301

CURRENT ASSETS
Stocks 1,288 5,105
Debtors 5 6,344 1,473
Cash at bank 27,158 49,962
34,790 56,540
CREDITORS
Amounts falling due within one year 6 47,728 65,496
NET CURRENT LIABILITIES (12,938 ) (8,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,846

6,345

PROVISIONS FOR LIABILITIES 7 3,675 2,886
NET ASSETS 171 3,459

CAPITAL AND RESERVES
Called up share capital 8 110 100
Retained earnings 61 3,359
SHAREHOLDERS' FUNDS 171 3,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

S R Hibbitt & Sons Ltd (Registered number: 14389027)

Balance Sheet - continued
30 September 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 18 June 2025 and were signed on its behalf by:





S J Hibbitt - Director


S R Hibbitt & Sons Ltd (Registered number: 14389027)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

S R Hibbitt & Sons Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follows:

Plant and machinery - 20% Reducing balance basis
Motor vehicles - 25% Reducing balance basis
Computer equipment - 33.33% Straight line basis

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

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.


S R Hibbitt & Sons Ltd (Registered number: 14389027)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 9,028 9,200 1,769 19,997
Additions 5,801 - 900 6,701
At 30 September 2024 14,829 9,200 2,669 26,698
DEPRECIATION
At 1 October 2023 1,806 2,300 590 4,696
Charge for year 2,604 1,725 889 5,218
At 30 September 2024 4,410 4,025 1,479 9,914
NET BOOK VALUE
At 30 September 2024 10,419 5,175 1,190 16,784
At 30 September 2023 7,222 6,900 1,179 15,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,341 -
Other debtors 2,003 1,473
6,344 1,473

S R Hibbitt & Sons Ltd (Registered number: 14389027)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 7,554 6,900
Taxation and social security 24,208 26,998
Other creditors 15,966 31,598
47,728 65,496

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 3,675 2,886

Deferred
tax
£   
Balance at 1 October 2023 2,886
Charge to Income Statement during year 789
Balance at 30 September 2024 3,675

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A £1 10 -
110 100

10 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.

9. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £13,940 (2023 - £29,840) due to the directors of the company. The amount due to the directors are interest free and repayable on demand.