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COMPANY REGISTRATION NUMBER: SC248297

Charles Hutchison Limited

Filleted Unaudited Financial Statements

31 March 2025

Charles Hutchison Limited

Financial Statements

Year ended 31 March 2025

Contents | Page

Chartered accountants' report to the board of directors on the unaudited statutory financial statements of Charles Hutchison Limited | 1

Statement of financial position | 2

Notes to the financial statements | 4

Charles Hutchison Limited

Chartered Accountants' Report to the Board of Directors on the Unaudited Statutory Financial Statements of Charles Hutchison Limited

Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Charles Hutchison Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Charles Hutchison Limited, as a body, in accordance with the terms of our engagement letter dated 21 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Charles Hutchison Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Charles Hutchison Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Charles Hutchison Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Charles Hutchison Limited. You consider that Charles Hutchison Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Charles Hutchison Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
RITSONS Chartered Accountants
103 HIGH STREET FORRES MORAY IV36 1AA
4 November 2025

Charles Hutchison Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 497,248 | 593,010

Current assets

Debtors | 6 | 79,517 |  | 79,517
Cash at bank and in hand | 233,033 |  | 301,109
| --------- |  | ---------
| 312,550 |  | 380,626

Creditors: amounts falling due within one year | 7 | 500,776 |  | 559,499
| --------- |  | ---------
Net current liabilities |  | 188,226 | 178,873
|  | --------- | ---------
Total assets less current liabilities |  | 309,022 | 414,137

Creditors: amounts falling due after more than one year | 8 |  | 154,153 | 253,189
|  | --------- | ---------
Net assets |  | 154,869 | 160,948
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 154,769 | 160,848
|  | --------- | ---------
Shareholders funds |  | 154,869 | 160,948
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Charles Hutchison Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 2 November 2025 , and are signed on behalf of the board by:

Mr C A Hutchison | Mr C B Hutchison
Director | Director

Company registration number: SC248297

Charles Hutchison Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 18 Lynstock Crescent, Nethybridge, Inverness-shire, PH25 3DX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared using the going concern basis because the director has confirmed their intention to continue to provide sufficient funds to enable the company to meet all its liabilities as they fall due. Should this basis not be appropriate, then adjustments to the financial statements may be necessary to accrue for further liabilities that may be incurred and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Property | - | 5% reducing balance
| Plant and Machinery | - | 25% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 7 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 80,685 | 513,986 | 975,895 | 2,541 | 1,573,107
Additions | 25,700 | 21,500 | – | – | 47,200
| --------- | --------- | --------- | ------- | ------------
At 31 March 2025 | 106,385 | 535,486 | 975,895 | 2,541 | 1,620,307
| --------- | --------- | --------- | ------- | ------------
Depreciation |  |  |  |  |
At 1 April 2024 | 20,907 | 336,203 | 620,447 | 2,540 | 980,097
Charge for the year | 4,274 | 49,823 | 88,865 | – | 142,962
| --------- | --------- | --------- | ------- | ------------
At 31 March 2025 | 25,181 | 386,026 | 709,312 | 2,540 | 1,123,059
| --------- | --------- | --------- | ------- | ------------
Carrying amount |  |  |  |  |
At 31 March 2025 | 81,204 | 149,460 | 266,583 | 1 | 497,248
| --------- | --------- | --------- | ------- | ------------
At 31 March 2024 | 59,778 | 177,783 | 355,448 | 1 | 593,010
| --------- | --------- | --------- | ------- | ------------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Plant and machinery | Motor vehicles | Total
| £ | £ | £
At 31 March 2025 | 242,294 | 577,541 | 819,835
| --------- | --------- | ---------
At 31 March 2024 | 113,872 | 255,266 | 369,138
| --------- | --------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 79,517 | 79,517
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,162 | 9,909
Trade creditors | 16,134 | 38,991
Social security and other taxes | 20,496 | 43,841
Other creditors | 453,984 | 466,758
| --------- | ---------
| 500,776 | 559,499
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 3,790 | 14,205
Other creditors | 150,363 | 238,984
| --------- | ---------
| 154,153 | 253,189
| --------- | ---------

9. Directors' advances, credits and guarantees
Charles A Hutchison Limited (CAHL) is a company in which Mr C A Hutchison is a director. The companies operate a current account for various transactions and at 31 March 2025 CAHL owed CHL £79,220 (2024 - £79,220). This sum is included in debtors and has no fixed terms of repayment. The company has been advanced a loan by C A Hutchison, director. At 31 March 2025 the amount owed was £329,833 (2024 - £340,510). This sum is included in creditors falling due within one year, is unsecured and interest free, and has no fixed terms of repayment. C B Hutchison, director, has advanced a loan to the company of £33,730 (2024 - £33,730) which is included in creditors falling due within one year. The loan is unsecured, interest free and has no fixed terms of repayment.