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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
Page
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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
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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
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Hynes Illingworth Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,037 
32,272 
Current assets
Debtors
365,544 
393,006 
Cash at bank and in hand
208,192 
160,199 
573,736 
553,205 
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 
Capital and reserves
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
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Hynes Illingworth Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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
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.
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Hynes Illingworth Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
75,000 
At 31 March 2023
75,000 
Amortisation
At 1 April 2022
75,000 
At 31 March 2023
75,000 
Net book value
At 31 March 2023
- 
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 
Depreciation
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 
Net book value
At 31 March 2023
- 
510 
937 
10,590 
12,037 
At 31 March 2022
- 
880 
25,859 
5,533 
32,272 
6
Debtors
2023 
2022 
£ 
£ 
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 
365,544 
393,006 
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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 
VAT
15,957 
25,456 
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)
Accruals
22 
4,376 
Deferred income
44,256 
- 
(23,161)
(71,507)
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,500 
32,500 
9
Loans to directors
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).
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