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REGISTERED NUMBER: 02366076 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

HAINES MCGREGOR LIMITED

HAINES MCGREGOR LIMITED (REGISTERED NUMBER: 02366076)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


HAINES MCGREGOR LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: H S Roe
W D C Bryant
J A Holtum





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 02366076 (England and Wales)

HAINES MCGREGOR LIMITED (REGISTERED NUMBER: 02366076)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,763 5,719

CURRENT ASSETS
Debtors 766,375 655,435
Cash at bank 1,850,474 1,420,371
2,616,849 2,075,806
CREDITORS
Amounts falling due within one year 765,646 717,713
NET CURRENT ASSETS 1,851,203 1,358,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,857,966

1,363,812

CAPITAL AND RESERVES
Called up share capital 6 441 441
Capital redemption reserve 559 559
Retained earnings 1,856,966 1,362,812
1,857,966 1,363,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 November 2023 and were signed on its behalf by:





H S Roe - Director


HAINES MCGREGOR LIMITED (REGISTERED NUMBER: 02366076)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Haines McGregor Limited 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of brand consultancy services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures and fittings-33.33% on cost
Office equipment-33.33% on cost

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

HAINES MCGREGOR LIMITED (REGISTERED NUMBER: 02366076)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 39,264
Additions 4,318
At 31 March 2023 43,582
DEPRECIATION
At 1 April 2022 33,545
Charge for year 3,274
At 31 March 2023 36,819
NET BOOK VALUE
At 31 March 2023 6,763
At 31 March 2022 5,719

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 141,480 137,692
Between one and five years 27,417 42,463
168,897 180,155

6. CALLED UP SHARE CAPITAL

During the year, the following share designations occured:

44 Ordinary A shares were reclassified as 22 Ordinary D shares and 22 Ordinary E shares.
44 Ordinary C shares were reclassified as 22 Ordinary D shares and 22 Ordinary E shares.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, the company had loaned two directors a total of £100,446 (2022 - £14,675). No interest has been charged on the loan in line with company policy and it is repayable on demand.