Haines Watts Manchester Limited - Accounts to registrar (filleted) - small 22.3
Haines Watts Manchester Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2022 |
for |
HAINES WATTS MANCHESTER LIMITED |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HAINES WATTS MANCHESTER LIMITED |
Company Information |
for the Year Ended 31 March 2022 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Balance Sheet |
31 March 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 5 |
Tangible assets | 6 |
Investments | 7 |
Current assets |
Debtors | 8 |
Cash at bank |
Creditors |
Amounts falling due within one year | 9 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
10 |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Balance Sheet - continued |
31 March 2022 |
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 |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | Statutory information |
Haines Watts Manchester Limited is a |
2. | Statement of compliance |
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. |
3. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts chargeable for professional services provided during the period inclusive of direct expenses incurred but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Unbilled revenue is included in debtors as 'Amounts recoverable on services'. Amounts billed in excess of amounts recognised as revenue are included in 'Payments on Account'. |
Goodwill |
Goodwill, is recognised at cost less amortisation less impairment losses.. |
Amortisation is charged to the profit and loss account on a basis that matches the benefit gained from goodwill over the estimated useful life.The estimated useful life of goodwill acquired in 2015 is 5 years to March 2020. The estimated useful life of the balance of goodwill is 15 years to March 2030. |
Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
(i) Financial assets |
Basic financial assets, including trade and other debtors, loans to fellow group companies and bank balances,are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
3. | Accounting policies - continued |
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 |
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. |
4. | Employees and directors |
The average number of employees during the year was |
5. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2021 |
and 31 March 2022 |
Amortisation |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
Net book value |
At 31 March 2022 |
At 31 March 2021 |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
6. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2021 |
Additions |
At 31 March 2022 |
Depreciation |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
Net book value |
At 31 March 2022 |
At 31 March 2021 |
7. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 April 2021 |
and 31 March 2022 |
Net book value |
At 31 March 2022 |
At 31 March 2021 |
8. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
9. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
10. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans |
Amounts owed to group undertakings |
11. | Secured debts |
The following secured debts are included within creditors: |
2022 | 2021 |
£ | £ |
Bank loans |
The bank loan is secured. |
12. | Related party disclosures |
The company is controlled by the four directors. |