IRIS Accounts Production v24.1.9.2 07227232 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false false true false Ordinary Class A 0.10000 Ordinary 0.10000 Ordinary Class A 0.10000 Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072272322023-03-31072272322024-03-31072272322023-04-012024-03-31072272322022-03-31072272322022-04-012023-03-31072272322023-03-3107227232ns15:EnglandWales2023-04-012024-03-3107227232ns14:PoundSterling2023-04-012024-03-3107227232ns10:Director12023-04-012024-03-3107227232ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107227232ns10:SmallEntities2023-04-012024-03-3107227232ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107227232ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107227232ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107227232ns10:FullAccounts2023-04-012024-03-310722723212023-04-012024-03-3107227232ns10:OrdinaryShareClass12023-04-012024-03-3107227232ns10:OrdinaryShareClass22023-04-012024-03-3107227232ns10:Director22023-04-012024-03-3107227232ns10:Director42023-04-012024-03-3107227232ns10:RegisteredOffice2023-04-012024-03-3107227232ns5:CurrentFinancialInstruments2024-03-3107227232ns5:CurrentFinancialInstruments2023-03-3107227232ns5:Non-currentFinancialInstruments2024-03-3107227232ns5:Non-currentFinancialInstruments2023-03-3107227232ns5:ShareCapital2024-03-3107227232ns5:ShareCapital2023-03-3107227232ns5:RetainedEarningsAccumulatedLosses2024-03-3107227232ns5:RetainedEarningsAccumulatedLosses2023-03-3107227232ns5:NetGoodwill2023-04-012024-03-3107227232ns5:PlantMachinery2023-04-012024-03-3107227232ns5:NetGoodwill2023-03-3107227232ns5:NetGoodwill2024-03-3107227232ns5:NetGoodwill2023-03-3107227232ns5:PlantMachinery2023-03-3107227232ns5:PlantMachinery2024-03-3107227232ns5:PlantMachinery2023-03-3107227232ns5:CostValuation2023-03-3107227232ns5:AdditionsToInvestments2024-03-3107227232ns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2024-03-3107227232ns5:CostValuation2024-03-3107227232ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107227232ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107227232ns5:Secured2024-03-3107227232ns5:Secured2023-03-3107227232ns10:OrdinaryShareClass12024-03-3107227232ns10:OrdinaryShareClass22024-03-3107227232ns10:Director442023-03-3107227232ns10:Director442022-03-3107227232ns10:Director442023-04-012024-03-3107227232ns10:Director442022-04-012023-03-3107227232ns10:Director442024-03-3107227232ns10:Director442023-03-31
REGISTERED NUMBER: 07227232 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

HAINES WATTS MANCHESTER LIMITED

HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAINES WATTS MANCHESTER LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: F J Cresswell
D M Fort
A P Sassen





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN





Registered number: 07227232 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 622,878 963,036
Tangible assets 6 41,121 40,223
Investments 7 824,904 196,646
1,488,903 1,199,905

Current assets
Debtors 8 913,561 790,917
Cash at bank 280,050 318,480
1,193,611 1,109,397
Creditors
Amounts falling due within one year 9 1,438,075 1,026,326
Net current (liabilities)/assets (244,464 ) 83,071
Total assets less current liabilities 1,244,439 1,282,976

Creditors
Amounts falling due after more than one year 10 (379,414 ) (446,899 )

Provisions for liabilities (9,278 ) -
Net assets 855,747 836,077

Capital and reserves
Called up share capital 12 113 113
Retained earnings 855,634 835,964
Shareholders' funds 855,747 836,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




D M Fort - Director


HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Haines Watts Manchester 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable for professional services provided during the period inclusive of direct expenses incurred but excluding value added tax.

Goodwill
Goodwill, is recognised at cost less amortisation less impairment losses..

Amortisation is charged to the profit and loss account on a basis that matches the benefit gained from goodwill over the estimated useful life.The estimated useful life of goodwill acquired in 2015 is 5 years to March 2020. The estimated useful life of the balance of goodwill is 15 years to March 2030.

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 - 15% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, loans to fellow group companies and bank balances,are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

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.

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.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 4 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023 1,985,284
Reclassification/transfer (236,345 )
At 31 March 2024 1,748,939
Amortisation
At 1 April 2023 1,022,248
Charge for year 103,813
At 31 March 2024 1,126,061
Net book value
At 31 March 2024 622,878
At 31 March 2023 963,036

HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 April 2023 86,352
Additions 12,726
At 31 March 2024 99,078
Depreciation
At 1 April 2023 46,129
Charge for year 11,828
At 31 March 2024 57,957
Net book value
At 31 March 2024 41,121
At 31 March 2023 40,223

7. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2023 196,646
Additions 391,913
Reclassification/transfer 236,345
At 31 March 2024 824,904
Net book value
At 31 March 2024 824,904
At 31 March 2023 196,646

8. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 738,356 724,686
Other debtors 175,205 66,231
913,561 790,917

9. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 76,243 85,000
Trade creditors 183,184 131,263
Amounts owed to group undertakings 609,837 141,082
Taxation and social security 417,730 382,567
Other creditors 151,081 286,414
1,438,075 1,026,326

HAINES WATTS MANCHESTER LIMITED (REGISTERED NUMBER: 07227232)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 182,778 250,263
Amounts owed to group undertakings 196,636 196,636
379,414 446,899

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 259,021 335,263

The bank loan is secured by a fixed and floating charge over company assets.

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary Class A £0.10 50 50
630 Ordinary £0.10 63 63
113 113

13. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A P Sassen
Balance outstanding at start of year - -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,980 -