Hythe Veneers (Southern) Ltd - Filleted accounts

Registered number

14475702

Hythe Veneers (Southern) Ltd

Filleted Accounts

31 January 2026

Hythe Veneers (Southern) Ltd
Registered number:		14475702
Balance Sheet
as at 31 January 2026

Notes			2026			2024
£				£
Fixed assets
Tangible assets	3		57,188			66,978

Current assets
Stocks		59,600			64,925
Debtors	4	42,561			31,960
Cash at bank and in hand		4,212			1,454
		106,373			98,339

Creditors: amounts falling due within one year	5	(111,212)			(95,156)

Net current (liabilities)/assets			(4,839)			3,183

Total assets less current liabilities			52,349			70,161

Creditors: amounts falling due after more than one year	6		(20,000)			(20,000)



Net assets			32,349			50,161

Capital and reserves
Called up share capital			1,000			1,000
Share premium			19,000			19,000
Profit and loss account			12,349			30,161

Shareholders' funds			32,349			50,161

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C Barkshire
Director
Approved by the board on 27 October 2026

Hythe Veneers (Southern) Ltd
Notes to the Accounts
for the period from 1 December 2024 to 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2024
Number					Number

	Average number of persons employed by the company			6		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2024	88,059		-		88,059
	Additions	9,585		2,600		12,185
	At 31 January 2026	97,644		2,600		100,244

	Depreciation
	At 1 December 2024	21,081		-		21,081
	Charge for the period	21,325		650		21,975
	At 31 January 2026	42,406		650		43,056

	Net book value
	At 31 January 2026	55,238		1,950		57,188
	At 30 November 2024	66,978		-		66,978


4	Debtors			2026		2024
£					£

	Trade debtors			42,561		31,810
	Other debtors			-		150
				42,561		31,960


5	Creditors: amounts falling due within one year			2026		2024
£					£

	Obligations under finance lease and hire purchase contracts			-		12,533
	Trade creditors			25,667		38,454
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			750		6,038
	Taxation and social security costs			62,114		33,672
	Other creditors			22,681		4,459
				111,212		95,156


6	Creditors: amounts falling due after one year			2026		2024
£					£

	Other creditors			20,000		20,000


7	Other information

	Hythe Veneers (Southern) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	124-128 City Road
	London
	EC1V 2NX