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REGISTERED NUMBER: 06632916 (England and Wales)















Haines Watts East Anglia Ltd

Unaudited Financial Statements

For The Year Ended

31st March 2024






Haines Watts East Anglia Ltd (Registered number: 06632916)

Contents of the Financial Statements
For The Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountants' Report 7

Haines Watts East Anglia Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTORS: M Neale
Ms S Castellano
S Matthews





REGISTERED OFFICE: 8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 06632916 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Haines Watts East Anglia Ltd (Registered number: 06632916)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 102,123 189,946
Tangible assets 6 38,808 65,496
Investments 7 1,085,000 1,264,284
1,225,931 1,519,726

CURRENT ASSETS
Stocks 103,880 89,397
Debtors 8 416,199 307,476
Cash at bank 32 1
520,111 396,874
CREDITORS
Amounts falling due within one year 9 850,066 1,085,360
NET CURRENT LIABILITIES (329,955 ) (688,486 )
TOTAL ASSETS LESS CURRENT LIABILITIES 895,976 831,240

CREDITORS
Amounts falling due after more than one year 10 (135,114 ) (116,825 )

PROVISIONS FOR LIABILITIES (7,156 ) (12,214 )
NET ASSETS 753,706 702,201

CAPITAL AND RESERVES
Called up share capital 47,850 47,850
Capital redemption reserve 21,638 21,638
Retained earnings 684,218 632,713
SHAREHOLDERS' FUNDS 753,706 702,201

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

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

Haines Watts East Anglia Ltd (Registered number: 06632916)

Balance Sheet - continued
31st March 2024


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 9th August 2024 and were signed on its behalf by:




M Neale - Director Ms S Castellano - Director




S Matthews - Director


Haines Watts East Anglia Ltd (Registered number: 06632916)

Notes to the Financial Statements
For The Year Ended 31st March 2024


1. STATUTORY INFORMATION

Haines Watts East Anglia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Haines Watts East Anglia Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is represented by net invoiced sale of services, excluding value added tax.

Goodwill
Positive purchased goodwill arising on acquisitions of cost at £856,000 and £125,665 has been capitalised and classified as an asset on the balance sheet. From 1 April 2015 goodwill is being amortised over a period of 10 years on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

Haines Watts East Anglia Ltd (Registered number: 06632916)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 29 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 878,230
AMORTISATION
At 1st April 2023 688,284
Charge for year 87,823
At 31st March 2024 776,107
NET BOOK VALUE
At 31st March 2024 102,123
At 31st March 2023 189,946

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 27,095 43,221 80,421 48,724 199,461
Additions - 290 - 2,956 3,246
At 31st March 2024 27,095 43,511 80,421 51,680 202,707
DEPRECIATION
At 1st April 2023 4,083 30,579 63,666 35,637 133,965
Charge for year 2,709 3,172 16,755 7,298 29,934
At 31st March 2024 6,792 33,751 80,421 42,935 163,899
NET BOOK VALUE
At 31st March 2024 20,303 9,760 - 8,745 38,808
At 31st March 2023 23,012 12,642 16,755 13,087 65,496

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023 1,264,284
Disposals (179,284 )
At 31st March 2024 1,085,000
NET BOOK VALUE
At 31st March 2024 1,085,000
At 31st March 2023 1,264,284

Haines Watts East Anglia Ltd (Registered number: 06632916)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 334,166 269,643
Other debtors 82,033 37,833
416,199 307,476

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 73,483 59,606
Hire purchase contracts 5,844 5,844
Trade creditors 130,050 78,301
Amounts owed to group undertakings 30,228 67,000
Taxation and social security 286,192 198,443
Other creditors 324,269 676,166
850,066 1,085,360

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 31,870 37,714
Other creditors 103,244 79,111
135,114 116,825

11. SECURED DEBTS

Lloyds bank holds a debenture dated 21 January 2011 giving a fixed and floating charge over all assets of the company.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
M Neale
Balance outstanding at start of year 12,127 -
Amounts advanced 39,380 27,439
Amounts repaid (5,312 ) (15,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,195 12,127

S Matthews
Balance outstanding at start of year 2,479 2,291
Amounts advanced - 500
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,167 2,479

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The ultimate controlling party is the board of directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Haines Watts East Anglia Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haines Watts East Anglia Ltd for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Haines Watts East Anglia Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Haines Watts East Anglia Ltd and state those matters that we have agreed to state to the Board of Directors of Haines Watts East Anglia Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haines Watts East Anglia Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Haines Watts East Anglia Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Haines Watts East Anglia Ltd. You consider that Haines Watts East Anglia Ltd 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 financial statements of Haines Watts East Anglia Ltd. 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 financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


9th August 2024