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REGISTERED NUMBER: 04295697 (England and Wales)















HIGGINSON & COMPANY (UK)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HIGGINSON & COMPANY (UK)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: D M Brown
J L G Darling





SECRETARIES: D M Brown
Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 04295697 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,800 37,600
Tangible assets 5 83,049 106,746
115,849 144,346

CURRENT ASSETS
Stocks 86,228 107,259
Debtors 6 461,410 609,290
Cash at bank 320,550 177,211
868,188 893,760
CREDITORS
Amounts falling due within one year 7 207,013 250,032
NET CURRENT ASSETS 661,175 643,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,024

788,074

PROVISIONS FOR LIABILITIES 11,150 12,347
NET ASSETS 765,874 775,727

CAPITAL AND RESERVES
Called up share capital 8 150 150
Fair value reserve 9 40,150 56,592
Retained earnings 9 725,574 718,985
SHAREHOLDERS' FUNDS 765,874 775,727

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

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

HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





J L G Darling - Director


HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

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


1. STATUTORY INFORMATION

Higginson & Company (UK) 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
The directors have revised the rate of amortisation to reflect the balance of goodwill as at 31 January 2013.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Fixtures and fittings - Straight line over 4 years
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

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


2. 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.

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 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 765,536
AMORTISATION
At 1 February 2023 727,936
Charge for year 4,800
At 31 January 2024 732,736
NET BOOK VALUE
At 31 January 2024 32,800
At 31 January 2023 37,600

Amortisation charged in the year reflects the directors valuation of the residual balance as at 31 January 2016.

HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 300,000 2,000 36,244 338,244
Additions - - 7,013 7,013
At 31 January 2024 300,000 2,000 43,257 345,257
DEPRECIATION
At 1 February 2023 200,000 2,000 29,498 231,498
Charge for year 25,000 - 5,710 30,710
At 31 January 2024 225,000 2,000 35,208 262,208
NET BOOK VALUE
At 31 January 2024 75,000 - 8,049 83,049
At 31 January 2023 100,000 - 6,746 106,746

The directors are of the opinion that the fair value of the freehold property is £ 300,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 461,410 609,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Corporation tax 13,052 24,873
Social security and other taxes 10,422 8,596
VAT 142,478 173,792
Directors' current accounts 2,092 3,610
Accrued expenses 38,969 39,161
207,013 250,032

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
150 150

HIGGINSON & COMPANY (UK)
LIMITED (REGISTERED NUMBER: 04295697)

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


8. CALLED UP SHARE CAPITAL - continued

Dividends:

All classes of shares are only entitled to such dividends as may be specifically declared by the Board of Directors on each class of share.

Voting Rights:

Only Ordinary shares have full voting rights.

Winding Up:

Only Ordinary shares have rights to participate in a capital distribution on winding up.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 718,985 56,592 775,577
Profit for the year 22,147 22,147
Dividends (32,000 ) (32,000 )
Movement in year 16,442 (16,442 ) -
At 31 January 2024 725,574 40,150 765,724

10. RELATED PARTY DISCLOSURES

Mr Darling and Mr Brown are the major and controlling shareholders in the company.

The company made purchases from partnership in which Mr Darling and Mr Brown are partners of £99611 (2023 £96252).