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REGISTERED NUMBER: 03722673 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WYNNIATT-HUSEY LIMITED

WYNNIATT-HUSEY LIMITED (REGISTERED NUMBER: 03722673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYNNIATT-HUSEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A W Durose
Mr I A McIntosh
Mrs A M Richards





SECRETARY:





REGISTERED OFFICE: The Old Coach House
Horse Fair
Rugeley
Staffordshire
WS15 2EL





REGISTERED NUMBER: 03722673 (England and Wales)






WYNNIATT-HUSEY LIMITED (REGISTERED NUMBER: 03722673)

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
171,007 Intangible assets 4 213,759
774,001 Tangible assets 5 778,571
945,008 992,330

CURRENT ASSETS
21,314 Stocks 6 27,915
450,933 Debtors 7 536,983
245,566 Cash at bank and in hand 360,745
717,813 925,643
CREDITORS
433,041 Amounts falling due within one year 8 588,730
284,772 NET CURRENT ASSETS 336,913
1,229,780 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,329,243

CREDITORS
(66,639 ) Amounts falling due after more than one
year

9

(54,458

)

(5,453 ) PROVISIONS FOR LIABILITIES (5,453 )
1,157,688 NET ASSETS 1,269,332

CAPITAL AND RESERVES
155,400 Called up share capital 155,400
38,800 Share premium 38,800
963,488 Retained earnings 1,075,132
1,157,688 SHAREHOLDERS' FUNDS 1,269,332

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.

WYNNIATT-HUSEY LIMITED (REGISTERED NUMBER: 03722673)

BALANCE SHEET - continued
31 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 19 September 2024 and were signed on its behalf by:





Mr A W Durose - Director


WYNNIATT-HUSEY LIMITED (REGISTERED NUMBER: 03722673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wynniatt-Husey 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, 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 - 10% on cost
Computer equipment - 25% on cost

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.

Bank balances
Bank balances exclude moneys held on behalf of clients.

Work in progress
Nearly all the company's clients are now billed on a fixed fee basis. Accordingly work in progress is valued at the unrecovered proportion of the fees not billed at the year end. This complies with UITF (Urgent Issues Task Force) 40.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 38 ) .

WYNNIATT-HUSEY LIMITED (REGISTERED NUMBER: 03722673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 795,069
Additions 106,880
At 31 March 2024 901,949
AMORTISATION
At 1 April 2023 624,062
Amortisation for year 64,128
At 31 March 2024 688,190
NET BOOK VALUE
At 31 March 2024 213,759
At 31 March 2023 171,007

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
Totals property fittings equipment
£    £    £    £   
COST
At 1 April 2023 984,167 693,312 61,750 229,105
Additions 41,572 - 6,910 34,662
Disposals (80,641 ) - (5,254 ) (75,387 )
At 31 March 2024 945,098 693,312 63,406 188,380
DEPRECIATION
At 1 April 2023 210,166 - 41,111 169,055
Charge for year 37,131 - 4,994 32,137
Eliminated on disposal (80,770 ) - (5,254 ) (75,516 )
At 31 March 2024 166,527 - 40,851 125,676
NET BOOK VALUE
At 31 March 2024 778,571 693,312 22,555 62,704
At 31 March 2023 774,001 693,312 20,639 60,050

The freehold property is not depreciated as the directors believe that the current market value exceeds the original cost and any depreciation would not reflect a true and fair position of the company.

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 27,915 21,314

WYNNIATT-HUSEY LIMITED (REGISTERED NUMBER: 03722673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 538,711 506,416
Provision for bad debts (38,339 ) (96,094 )
Other debtors 4,000 4,000
Prepayments 32,611 36,611
536,983 450,933

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,491 12,178
Trade creditors 45,078 46,517
Tax 75,712 7,094
VAT 176,180 146,425
PAYE 19,301 14,675
Pension 3,299 2,828
Directors' current accounts 248,492 201,510
Accrued expenses 7,177 1,814
588,730 433,041

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 54,458 66,639

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 67,949 78,817

The Bank loan is secured by a mortgage over the freehold property.