Hewitt Adams Ltd. - Accounts to registrar (filleted) - small 23.2.5

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REGISTERED NUMBER: 09987691 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2024

for

HEWITT ADAMS LTD.

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

D Hewitt

B Adams

REGISTERED OFFICE:

20 Pensby Road

Heswall

Wirral

Merseyside

CH60 7RE

REGISTERED NUMBER:

09987691 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Intangible assets

149,600

Tangible assets

16,129

20,553

165,729

20,553

CURRENT ASSETS

Debtors

162,211

152,055

Cash at bank and in hand

54,397

151,761

216,608

303,816

CREDITORS

Amounts falling due within one year

95,479

91,273

NET CURRENT ASSETS

121,129

212,543

TOTAL ASSETS LESS CURRENT
LIABILITIES

286,858

233,096

CREDITORS

Amounts falling due after more than one year

123,206

NET ASSETS

163,652

233,096

CAPITAL AND RESERVES

Called up share capital

2,000

Share premium

59,020

Retained earnings

102,632

172,076

SHAREHOLDERS' FUNDS

163,652

233,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:

D Hewitt - Director

B Adams - Director

1.	STATUTORY INFORMATION

Hewitt Adams Ltd. 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

33% on reducing balance and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 10 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

COST

Additions

187,000

At 29 February 2024

187,000

AMORTISATION

Charge for year

37,400

At 29 February 2024

37,400

NET BOOK VALUE

At 29 February 2024

149,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1 March 2023

50,865

Additions

1,291

At 29 February 2024

52,156

DEPRECIATION

At 1 March 2023

30,312

Charge for year

5,715

At 29 February 2024

36,027

NET BOOK VALUE

At 29 February 2024

16,129

At 28 February 2023

20,553

DEBTORS

29.2.24

28.2.23

Amounts falling due within one year:

Trade debtors

26,950

32,055

Other debtors

18,461

45,411

32,055

Amounts falling due after more than one year:

Other debtors

116,800

120,000

Aggregate amounts

162,211

152,055

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.24

28.2.23

Trade creditors

6,599

2,890

Taxation and social security

32,953

67,889

Other creditors

55,927

20,494

95,479

91,273

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.24

28.2.23

Bank loans

123,206

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.24

28.2.23

value:

1,020

Ordinary

1,020

490

Ordinary B

490

Ordinary B

490

2,000

10.

RESERVES

Retained

earnings

premium

Totals

At 1 March 2023

172,076

59,020

231,096

Profit for the year

45,540

Dividends

(114,984

)

(114,984

)

At 29 February 2024

102,632

59,020

161,652

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount owing to the directors:

D Hewitt - £6,504

B Adams - £5,628

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £114,984 (2023 - £107,992) were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hewitt Adams Ltd. for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hewitt Adams Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hewitt Adams Ltd. and state those matters that we have agreed to state to the Board of Directors of Hewitt Adams Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hewitt Adams Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hewitt Adams Ltd. 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 profit of Hewitt Adams Ltd.. You consider that Hewitt Adams Ltd. 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 Hewitt Adams Ltd.. 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.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

16 April 2024