Hawkins Wright Limited 05690174 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is consultancy services to the international forest product industry. Digita Accounts Production Advanced 6.30.9574.0 true 05690174 2023-05-01 2024-04-30 05690174 2024-04-30 05690174 bus:OrdinaryShareClass1 2024-04-30 05690174 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05690174 core:Goodwill 2024-04-30 05690174 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-30 05690174 core:PlantMachinery 2024-04-30 05690174 bus:SmallEntities 2023-05-01 2024-04-30 05690174 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05690174 bus:FilletedAccounts 2023-05-01 2024-04-30 05690174 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05690174 bus:RegisteredOffice 2023-05-01 2024-04-30 05690174 bus:Director1 2023-05-01 2024-04-30 05690174 bus:Director2 2023-05-01 2024-04-30 05690174 bus:Director5 2023-05-01 2024-04-30 05690174 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05690174 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05690174 core:Goodwill 2023-05-01 2024-04-30 05690174 core:ComputerEquipment 2023-05-01 2024-04-30 05690174 core:FurnitureFittings 2023-05-01 2024-04-30 05690174 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05690174 core:LeaseholdImprovements 2023-05-01 2024-04-30 05690174 core:PlantMachinery 2023-05-01 2024-04-30 05690174 countries:EnglandWales 2023-05-01 2024-04-30 05690174 2023-04-30 05690174 core:Goodwill 2023-04-30 05690174 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 05690174 core:PlantMachinery 2023-04-30 05690174 2022-05-01 2023-04-30 05690174 2023-04-30 05690174 bus:OrdinaryShareClass1 2023-04-30 05690174 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05690174 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-30 05690174 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05690174

Hawkins Wright Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Hawkins Wright Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Hawkins Wright Limited

Company Information

Directors:

R A Wright

T Wright

O Lansdell

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

05690174

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Hawkins Wright Limited

(Registration number: 05690174)
Balance Sheet as at 30 April 2024

Note

30.04.24

30.04.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

5

 

481,142

 

483,954

Other financial assets

6

 

137,850

 

125,497

   

618,992

 

609,451

CURRENT ASSETS

   

 

Debtors

7

233,924

 

261,045

 

Cash at bank and in hand

 

892,085

 

645,077

 

 

1,126,009

 

906,122

 

CREDITORS

   

 

Creditors within 1yr

8

1,264,370

 

877,801

 

Net current (liabilities)/assets

   

(138,361)

 

28,321

Total assets less current liabilities

   

480,631

 

637,772

PROVISIONS FOR LIABILITIES

 

(1,146)

 

(1,849)

Net assets

   

479,485

 

635,923

CAPITAL AND RESERVES

   

 

Called up share capital

9

 

90

 

90

Share premium reserve

 

39,990

 

39,990

Capital redemption reserve

 

20

 

20

Profit and loss account

 

439,385

 

595,823

Shareholders' funds

   

479,485

 

635,923

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Hawkins Wright Limited

(Registration number: 05690174)
Balance Sheet as at 30 April 2024 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024

.........................................
T Wright
Director

 

Hawkins Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 29 November 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Hawkins Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.


The Group is part of a tax group for certain aspects of the tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. Payment for group relief is made equal to the tax benefit and amounts are included within the current tax disclosures.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

20% straight line basis

Fixtures and fittings

25% straight line basis

Computer equipment

25% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Hawkins Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and
the company has no legal or constructive obligation to pay further contributions even if the fund does not hold
sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

Hawkins Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4.

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

330,269

330,269

At 30 April 2024

330,269

330,269

Amortisation

At 1 May 2023

330,269

330,269

At 30 April 2024

330,269

330,269

Carrying amount

At 30 April 2024

-

-

5.

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

481,531

90,944

572,475

Additions

-

791

791

At 30 April 2024

481,531

91,735

573,266

Depreciation

At 1 May 2023

4,971

83,550

88,521

Charge for the year

-

3,603

3,603

At 30 April 2024

4,971

87,153

92,124

Carrying amount

At 30 April 2024

476,560

4,582

481,142

At 30 April 2023

476,560

7,394

483,954

 

Hawkins Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6.

Other financial assets (current and non-current)

Other
investments
£

Non-current financial assets

Cost or valuation

At 1 May 2023

125,497

Revaluations

11,773

Additions

580

At 30 April 2024

137,850

NET BOOK VALUE

At 30 April 2024

137,850

At 30 April 2023

125,497

7.

Debtors

Current

Note

30.04.24
£

30.04.23
£

Trade debtors

 

213,732

167,116

Amounts owed by related parties

-

61,260

Prepayments

 

20,110

23,878

Other debtors

 

82

8,791

   

233,924

261,045

 

Hawkins Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

8.

Creditors

Creditors: amounts falling due within one year

30.04.24
£

30.04.23
£

Due within one year

Trade creditors

15,663

4,830

Taxation and social security

328,673

212,109

Accruals and deferred income

920,034

660,862

1,264,370

877,801

9.

Share capital

Allotted, called up and fully paid shares

 

30.04.24

30.04.23

 

No.

£

No.

£

Ordinary shares of £1 each

90

90

90

90