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REGISTERED NUMBER: 04484821 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Hughes Decorators Limited

Hughes Decorators Limited (Registered number: 04484821)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hughes Decorators Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: R Hughes
G Hughes



SECRETARY: Mrs W Hughes



REGISTERED OFFICE: Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB



REGISTERED NUMBER: 04484821 (England and Wales)



ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB



BANKERS: Lloyds TSB
21 Stepney Street
Llanelli
Carmarthenshire
SA15 3YD

Hughes Decorators Limited (Registered number: 04484821)

Abridged Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Stocks 3,000 3,000
Debtors 428 1,594
Cash at bank 59,953 61,802
63,381 66,396
CREDITORS
Amounts falling due within one year (4,935 ) (2,770 )
NET CURRENT ASSETS 58,446 63,626
TOTAL ASSETS LESS CURRENT LIABILITIES 58,446 63,626

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 58,444 63,624
SHAREHOLDERS' FUNDS 58,446 63,626

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

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

Hughes Decorators Limited (Registered number: 04484821)

Abridged Balance Sheet - continued
31st July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 18th October 2024 and were signed on its behalf by:




R Hughes - Director



G Hughes - Director


Hughes Decorators Limited (Registered number: 04484821)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Hughes Decorators 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2023 - 2 ) .

Hughes Decorators Limited (Registered number: 04484821)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023
and 31st July 2024 30,000
AMORTISATION
At 1st August 2023
and 31st July 2024 30,000
NET BOOK VALUE

At 31st July 2024 -
At 31st July 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023
and 31st July 2024 24,069
DEPRECIATION
At 1st August 2023
and 31st July 2024 24,069
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -