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REGISTERED NUMBER: 04378014 (England and Wales)















Unaudited Financial Statements for the Year Ended 26 February 2024

for

Hughes Removals Ltd

Hughes Removals Ltd (Registered number: 04378014)






Contents of the Financial Statements
for the Year Ended 26 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hughes Removals Ltd

Company Information
for the Year Ended 26 February 2024







DIRECTOR: M P Hughes





SECRETARY: Mrs S A Hughes





REGISTERED OFFICE: Stonelea
Station Road
Shipton By Beningbrough
York
YO30 1BT





REGISTERED NUMBER: 04378014 (England and Wales)





ACCOUNTANTS: Northern Tonic Limited
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

Hughes Removals Ltd (Registered number: 04378014)

Balance Sheet
26 February 2024

26.2.24 26.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 93,444 99,951
93,444 99,951

CURRENT ASSETS
Debtors 6 107,739 86,927
Cash at bank and in hand 290,595 303,475
398,334 390,402
CREDITORS
Amounts falling due within one year 7 77,893 83,092
NET CURRENT ASSETS 320,441 307,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,885

407,261

CREDITORS
Amounts falling due after more than
one year

8

(22,797

)

(36,258

)

PROVISIONS FOR LIABILITIES (24,561 ) (26,399 )
NET ASSETS 366,527 344,604

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 366,427 344,504
366,527 344,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Removals Ltd (Registered number: 04378014)

Balance Sheet - continued
26 February 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





M P Hughes - Director


Hughes Removals Ltd (Registered number: 04378014)

Notes to the Financial Statements
for the Year Ended 26 February 2024

1. STATUTORY INFORMATION

Hughes Removals 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.

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.

Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount can be reliably measured;
it is probable that future economic benefits will flow to the company; and
specific criteria have been met for each of the company's activities.

Goodwill
Goodwill arising on the acquisition of an entity has now been completed amortised over a period of ten years from the acquisition.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hughes Removals Ltd (Registered number: 04378014)

Notes to the Financial Statements - continued
for the Year Ended 26 February 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 27 February 2023
and 26 February 2024 15,000
AMORTISATION
At 27 February 2023
and 26 February 2024 15,000
NET BOOK VALUE
At 26 February 2024 -
At 26 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 27 February 2023 287,782
Additions 20,503
At 26 February 2024 308,285
DEPRECIATION
At 27 February 2023 187,831
Charge for year 27,010
At 26 February 2024 214,841
NET BOOK VALUE
At 26 February 2024 93,444
At 26 February 2023 99,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 26.2.23
£    £   
Trade debtors 38,817 30,909
Other debtors 68,922 56,018
107,739 86,927

Hughes Removals Ltd (Registered number: 04378014)

Notes to the Financial Statements - continued
for the Year Ended 26 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 26.2.23
£    £   
Bank loans and overdrafts 10,018 9,808
Hire purchase contracts 3,443 3,180
Trade creditors 4,279 2,688
Taxation and social security 57,375 60,580
Other creditors 2,778 6,836
77,893 83,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.2.24 26.2.23
£    £   
Bank loans 20,667 30,685
Hire purchase contracts 2,130 5,573
22,797 36,258

9. OTHER FINANCIAL COMMITMENTS

The total amount of property leasing commitments not included in the balance sheet is £236,250 (2023 £317,250).