Hutchins Guitars Ltd in Hove, BN3 2FA

Description

Data updated on: 01-11-2023

2009 is the year of the start of Hutchins Guitars Ltd, the firm that is situated at Palmeira Avenue Mansions, 19 Church Road in Hove. That would make 15 years Hutchins Guitars has been on the local market, as the company was registered on Tuesday 28th July 2009. The company's Companies House Reg No. is 06974411 and its postal code is BN3 2FA. This firm's Standard Industrial Classification Code is 47591 and their NACE code stands for Retail sale of musical instruments and scores. 2023-07-31 is the last time the accounts were filed.

At present, we can name a solitary managing director in the company: Gary H. (since Monday 1st March 2010). The following business had been governed by Lisa B. until June 2018. In addition a different director, namely Lisa B. resigned in 2013.

Gary H. is the individual with significant control over this firm, owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-07-31	2012-07-31	2013-07-31	2014-07-31	2015-07-31	2017-07-31	2018-07-31	2019-07-31	2020-07-31	2021-07-31	2022-07-31	2023-07-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	164	-17 349	-32 725	-32 421	-35 169

Balance Sheet
Cash Bank In Hand	8 553	3 744	3 555		9
Cash Bank On Hand						1 440		14 909	1 960	764	6 626	10 835
Current Assets	16 834	24 314	23 094	23		192 977	123 851	175 404	139 636	88 531	84 871	103 225
Debtors	7 281	3 070	2 039	23		180 542	109 553	87 542	87 445	67 795	69 195	83 845
Net Assets Liabilities								28 965	26 253	40 748	64 970	89 770
Other Debtors	7 281	196	138	23		3 522	1 352
Property Plant Equipment						789	592	659	494	494	371
Total Inventories						10 995	35 037	72 953	50 231	19 972	9 050	8 545
Net Assets Liabilities Including Pension Asset Liability	164	-17 349
Stocks Inventory	1 000	17 500	17 500
Tangible Fixed Assets	852	6 820	5 456
Trade Debtors		1 754	1 901

Capital & Reserves
Called Up Share Capital	100	100	100	100	100
Profit Loss Account Reserve	64	-17 449	-32 825	-32 521	-35 269
Shareholder Funds	164	-17 349	-32 725	-32 421	-35 169

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets						34	66	99	131	163	196	228
Accumulated Depreciation Impairment Property Plant Equipment						263	460	613	778	903	1 026	105
Amounts Owed By Group Undertakings						177 020	108 201	87 542	87 445	67 795	69 195	83 845
Amounts Owed To Group Undertakings											3 000
Average Number Employees During Period						1	1	1	1	1	1	1
Balances Amounts Owed To Related Parties						-97 642	-95 804
Bank Borrowings Overdrafts							10 347	8 512	15 000	20 084	13 382	4 313
Creditors						124 199	135 620	147 679	15 000	20 084	13 382	9 467
Creditors Due Within One Year		48 483	61 275	32 444	35 178
Fixed Assets	852	6 820				1 435	1 206	1 240	1 043	1 011	855	729
Increase From Amortisation Charge For Year Intangible Assets						34	32	33	32	32	33	32
Increase From Depreciation Charge For Year Property Plant Equipment						263	197	153	165	125	123	94
Intangible Assets						646	614	581	549	517	484	452
Intangible Assets Gross Cost						680	680	680	680	680	680
Net Current Assets Liabilities	-688	-24 169	-38 181	-32 421	-35 169	68 778	7 652	27 725	40 210	59 821	77 497	98 508
Number Shares Allotted			100	100	100
Other Creditors						101 800	99 562	135 351	96 991	27 472		404
Par Value Share			1	1	1
Profit Loss						-43 561	-59 899
Property Plant Equipment Gross Cost						1 052	1 052	1 272	1 272	1 397	1 397
Share Capital Allotted Called Up Paid		100	100	100	100
Total Additions Including From Business Combinations Intangible Assets						680
Total Additions Including From Business Combinations Property Plant Equipment						1 052		220		125
Total Assets Less Current Liabilities	164	-17 349	-32 725	-32 421	-35 169	70 213	10 176	28 965	41 253	60 832	78 352	99 237
Trade Creditors Trade Payables						22 399	25 711	3 816	2 435	1 238	61
Creditors Due Within One Year Total Current Liabilities	17 522	48 483
Debtors Due Within One Year		1 120
Net Proceeds From Issue Shares Other Equity Instruments Excluding Shares Issued To Minority Interests		100	100	100
Other Creditors Due Within One Year	1 489	37 704
Prepayments Accrued Income Current Asset		1 120
Tangible Fixed Assets Additions		7 673
Tangible Fixed Assets Cost Or Valuation	1 166	8 839	8 839
Tangible Fixed Assets Depreciation	314	2 019	3 383
Tangible Fixed Assets Depreciation Charged In Period			1 364
Tangible Fixed Assets Depreciation Charge For Period		1 705
Tangible Fixed Assets Depreciation Decrease Increase On Disposals				-3 383
Tangible Fixed Assets Disposals		0		8 839
Taxation Social Security Due Within One Year	1 126	616
Trade Creditors Within One Year	14 907	10 163