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REGISTERED NUMBER: 04378014 (England and Wales)















Unaudited Financial Statements

for the Period 28 February 2022 to 26 February 2023

for

Hughes Removals Ltd

Hughes Removals Ltd (Registered number: 04378014)






Contents of the Financial Statements
for the Period 28 February 2022 to 26 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hughes Removals Ltd

Company Information
for the Period 28 February 2022 to 26 February 2023







DIRECTOR: M P Hughes





SECRETARY: Mrs S A Hughes





REGISTERED OFFICE: Stonelea
Station Road
Shipton By Beningbrough
York
YO30 1BT





REGISTERED NUMBER: 04378014 (England and Wales)





ACCOUNTANTS: Northern Tonic Limited
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

Hughes Removals Ltd (Registered number: 04378014)

Balance Sheet
26 February 2023

26.2.23 27.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 99,951 86,977
99,951 86,977

CURRENT ASSETS
Debtors 6 86,927 108,088
Cash at bank and in hand 303,475 244,880
390,402 352,968
CREDITORS
Amounts falling due within one year 7 83,092 93,926
NET CURRENT ASSETS 307,310 259,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,261

346,019

CREDITORS
Amounts falling due after more than
one year

8

(36,258

)

(40,000

)

PROVISIONS FOR LIABILITIES (26,399 ) (22,309 )
NET ASSETS 344,604 283,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 344,504 283,610
344,604 283,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hughes Removals Ltd (Registered number: 04378014)

Balance Sheet - continued
26 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:





M P Hughes - Director


Hughes Removals Ltd (Registered number: 04378014)

Notes to the Financial Statements
for the Period 28 February 2022 to 26 February 2023

1. STATUTORY INFORMATION

Hughes Removals 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.

Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount can be reliably measured;
it is probable that future economic benefits will flow to the company; and
specific criteria have been met for each of the company's activities.

Goodwill
Goodwill arising on the acquisition of an entity has now been completed amortised over a period of ten years from the acquisition.

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, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

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.

Hughes Removals Ltd (Registered number: 04378014)

Notes to the Financial Statements - continued
for the Period 28 February 2022 to 26 February 2023

2. ACCOUNTING POLICIES - continued

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 period was 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 February 2022
and 26 February 2023 15,000
AMORTISATION
At 28 February 2022
and 26 February 2023 15,000
NET BOOK VALUE
At 26 February 2023 -
At 27 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2022 265,704
Additions 47,078
Disposals (25,000 )
At 26 February 2023 287,782
DEPRECIATION
At 28 February 2022 178,727
Charge for period 28,389
Eliminated on disposal (19,285 )
At 26 February 2023 187,831
NET BOOK VALUE
At 26 February 2023 99,951
At 27 February 2022 86,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.23 27.2.22
£    £   
Trade debtors 30,909 51,615
Other debtors 56,018 56,473
86,927 108,088

Hughes Removals Ltd (Registered number: 04378014)

Notes to the Financial Statements - continued
for the Period 28 February 2022 to 26 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.23 27.2.22
£    £   
Bank loans and overdrafts 9,808 10,000
Hire purchase contracts 3,180 6,947
Trade creditors 2,688 10,136
Taxation and social security 60,580 53,035
Other creditors 6,836 13,808
83,092 93,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.2.23 27.2.22
£    £   
Bank loans 30,685 40,000
Hire purchase contracts 5,573 -
36,258 40,000

9. OTHER FINANCIAL COMMITMENTS

The total amount of property leasing commitments not included in the balance sheet is £317,250 (2022 £398,250).