REGISTERED NUMBER: 06214831 (England and Wales)

HINCH ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

P D Hinch

Mrs R V Hinch

SECRETARY:

Mrs R V Hinch

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

06214831 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,071,593

5,884,384

7,071,593

5,884,384

CURRENT ASSETS

Stocks

198,707

644,382

Debtors

6

1,172,865

1,139,537

Cash at bank

3,409,734

2,688,885

4,781,306

4,472,804

CREDITORS

Amounts falling due within one year

7

914,475

1,199,980

NET CURRENT ASSETS

3,866,831

3,272,824

TOTAL ASSETS LESS CURRENT LIABILITIES

10,938,424

9,157,208

CREDITORS

Amounts falling due after more than one year

8

(684,615

)

(754,362

)

PROVISIONS FOR LIABILITIES

(625,019

)

(632,650

)

NET ASSETS

9,628,790

7,770,196

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

9,628,690

7,770,096

SHAREHOLDERS' FUNDS

9,628,790

7,770,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

P D Hinch - Director

1.	STATUTORY INFORMATION

Hinch Enterprises 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.

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.

Intangible assets

Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost and not provided

Tractors

-

25% on reducing balance

Plant and machinery

-

20% on reducing balance

Caravan site fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 27 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 1 February 2024

51,355

Disposals

(51,355

)

At 31 January 2025

-

AMORTISATION

At 1 February 2024

51,355

Eliminated on disposal

(51,355

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

Tractors

machinery

£

£

£

COST

At 1 February 2024

2,876,616

629,230

7,844,215

Additions

1,596,828

212,850

390,663

Disposals

-

(79,940

)

(229,539

)

At 31 January 2025

4,473,444

762,140

8,005,339

DEPRECIATION

At 1 February 2024

887,983

185,278

4,848,248

Charge for year

132,710

120,210

610,350

Eliminated on disposal

-

(46,265

)

(195,144

)

At 31 January 2025

1,020,693

259,223

5,263,454

NET BOOK VALUE

At 31 January 2025

3,452,751

502,917

2,741,885

At 31 January 2024

1,988,633

443,952

2,995,967

Caravan

site

fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

1,555,452

3,200

14,515

12,923,228

Additions

35,107

-

839

2,236,287

Disposals

(55,341

)

-

(10,977

)

(375,797

)

At 31 January 2025

1,535,218

3,200

4,377

14,783,718

DEPRECIATION

At 1 February 2024

1,102,726

1,617

12,992

7,038,844

Charge for year

114,874

396

872

979,412

Eliminated on disposal

(53,824

)

-

(10,898

)

(306,131

)

At 31 January 2025

1,163,776

2,013

2,966

7,712,125

NET BOOK VALUE

At 31 January 2025

371,442

1,187

1,411

7,071,593

At 31 January 2024

452,726

1,583

1,523

5,884,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

955,171

617,545

Other debtors

217,694

521,992

1,172,865

1,139,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

24,213

20,747

Hire purchase contracts

21,142

21,142

Trade creditors

309,766

266,211

Taxation and social security

341,630

672,675

Other creditors

217,724

219,205

914,475

1,199,980

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

387,095

413,048

Hire purchase contracts

-

21,142

Other creditors

297,520

320,172

684,615

754,362

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

268,095

311,082

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

411,308

433,795

Hire purchase contracts

21,142

42,284

432,450

476,079

The hire purchase liabilities are secured on the asset to which they relate.

The bank loan is secured on 60% of the market value of Hill Farm, Greetham.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had operating lease commitments over the remaining life of the leases totalling £6,152 (2024: £5,916).