Company Registration No. 06820773 (England and Wales)
Hynes Illingworth Limited
Unaudited accounts
for the year ended 31 March 2023
Hynes Illingworth Limited
Unaudited accounts
Contents
Hynes Illingworth Limited
Company Information
for the year ended 31 March 2023
Directors
Andrew Dennis Hynes
Matthew Paul Illingworth
Company Number
06820773 (England and Wales)
Registered Office
Old Joiners Shop
Bowland Bridge
Kendal
Cumbria
LA8 8JQ
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hynes Illingworth Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Hynes Illingworth Limited for the year ended
31 March 2023 as set out on pages
5 -
8 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Hynes Illingworth Limited, as a body, in accordance with the terms of our engagement letter dated 25 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Hynes Illingworth Limited and state those matters that we have agreed to state to the Board of Directors of Hynes Illingworth Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hynes Illingworth Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hynes Illingworth Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hynes Illingworth Limited. You consider that Hynes Illingworth Limited 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 accounts of Hynes Illingworth Limited. 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 accounts.
Goodbooks (Skipton) Ltd
Chartered Accountants
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
14 November 2023
Hynes Illingworth Limited
Statement of financial position
as at 31 March 2023
Tangible assets
12,037
32,272
Cash at bank and in hand
208,192
160,199
Creditors: amounts falling due within one year
23,161
71,507
Net current assets
596,897
624,712
Total assets less current liabilities
608,934
656,984
Creditors: amounts falling due after more than one year
(6,500)
(32,500)
Provisions for liabilities
Deferred tax
(3,009)
(8,068)
Net assets
599,425
616,416
Called up share capital
100
100
Profit and loss account
599,325
616,316
Shareholders' funds
599,425
616,416
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Matthew Paul Illingworth
Director
Company Registration No. 06820773
Hynes Illingworth Limited
Notes to the Accounts
for the year ended 31 March 2023
Hynes Illingworth Limited is a private company, limited by shares, registered in England and Wales, registration number 06820773. The registered office is Old Joiners Shop, Bowland Bridge, Kendal, Cumbria, LA8 8JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
33.33% straight line
Intangible fixed assets other than goodwill
Intangible fixed assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probably that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Hynes Illingworth Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
13,332
3,139
95,623
23,709
135,803
Additions
-
-
1,000
8,451
9,451
Disposals
-
-
(14,250)
-
(14,250)
At 31 March 2023
13,332
3,139
82,373
32,160
131,004
At 1 April 2022
13,332
2,259
69,764
18,176
103,531
Charge for the year
-
370
15,531
3,394
19,295
On disposals
-
-
(3,859)
-
(3,859)
At 31 March 2023
13,332
2,629
81,436
21,570
118,967
At 31 March 2023
-
510
937
10,590
12,037
At 31 March 2022
-
880
25,859
5,533
32,272
Amounts falling due within one year
Trade debtors
16,520
59,639
Accrued income and prepayments
14,351
12,887
Other debtors
334,673
320,480
Hynes Illingworth Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
26,000
26,000
Trade creditors
5,708
5,660
Taxes and social security
43,077
37,800
Other creditors
18,001
17,534
Loans from directors
(176,182)
(188,333)
8
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
149,841
120,201
149,841
120,201
Director's loan
38,492
55,981
38,492
55,981
188,333
176,182
188,333
176,182
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).