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HUTCHINSON WHITLAM ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUTCHINSON WHITLAM ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: P Hutchinson
M J Basterfield





REGISTERED OFFICE: Fairfax House
38 The Grove
Ilkley
West Yorkshire
LS29 9EE





REGISTERED NUMBER: 08128624 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,141 3,462
2,141 3,462

CURRENT ASSETS
Debtors 6 98,746 92,061
Cash at bank and in hand 423,923 425,282
522,669 517,343
CREDITORS
Amounts falling due within one year 7 141,302 103,257
NET CURRENT ASSETS 381,367 414,086
TOTAL ASSETS LESS CURRENT LIABILITIES 383,508 417,548

PROVISIONS FOR LIABILITIES 8 - 678
NET ASSETS 383,508 416,870

CAPITAL AND RESERVES
Called up share capital 9 101 101
Capital redemption reserve 10 50 50
Retained earnings 10 383,357 416,719
SHAREHOLDERS' FUNDS 383,508 416,870

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

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

HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

BALANCE SHEET - continued
31 AUGUST 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2023 and were signed on its behalf by:




P Hutchinson - Director



M J Basterfield - Director


HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Hutchinson Whitlam Associates 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
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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 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.

HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 90,000
AMORTISATION
At 1 September 2022
and 31 August 2023 90,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 11,369
Disposals (461 )
At 31 August 2023 10,908
DEPRECIATION
At 1 September 2022 7,907
Charge for year 1,114
Eliminated on disposal (254 )
At 31 August 2023 8,767
NET BOOK VALUE
At 31 August 2023 2,141
At 31 August 2022 3,462

HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 78,363 84,076
Deferred tax asset 10,768 -
Prepayments 9,615 7,985
98,746 92,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 6,619 14,558
Corporation tax 34,579 54,655
Social security and other taxes 2,024 158
VAT 23,518 20,823
Other creditors 10,154 2,813
Directors' current accounts 10,833 6,800
Accrued expenses 53,575 3,450
141,302 103,257

The directors loan accounts are interest free and repayable on demand.

8. PROVISIONS FOR LIABILITIES
31.8.22
£   
Deferred tax
Accelerated capital allowances 678

Deferred
tax
£   
Balance at 1 September 2022 678
Credit to Income Statement during year (11,446 )
Balance at 31 August 2023 (10,768 )

The deferred tax provision is attributable to the following timing differences:

Accelerated capital allowances £482 creditor
Pension contribution timing difference £11,250 debtor

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
101 Ordinary 1 101 101

HUTCHINSON WHITLAM ASSOCIATES LIMITED (REGISTERED NUMBER: 08128624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 September 2022 416,719 50 416,769
Profit for the year 88,779 88,779
Dividends (122,141 ) (122,141 )
At 31 August 2023 383,357 50 383,407