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REGISTERED NUMBER: 08444130 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYKEHAM-HURFORD SHEPPARD & SON
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S L Reeve
P Reeve





REGISTERED OFFICE: C/O Wykeham-Hurford Sheppard & Son Ltd
12 High Street
Battle
East Sussex
TN33 0AE





REGISTERED NUMBER: 08444130 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,100 20,403
Tangible assets 5 23,026 4,171
28,126 24,574

CURRENT ASSETS
Debtors 6 752,842 734,820
Cash at bank and in hand 152,209 117,336
905,051 852,156
CREDITORS
Amounts falling due within one year 7 269,975 318,666
NET CURRENT ASSETS 635,076 533,490
TOTAL ASSETS LESS CURRENT LIABILITIES 663,202 558,064

CREDITORS
Amounts falling due after more than one
year

8

(24,000

)

(124,588

)

PROVISIONS FOR LIABILITIES (5,524 ) (759 )
NET ASSETS 633,678 432,717

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 3,300 3,300
Retained earnings 630,378 429,417
SHAREHOLDERS' FUNDS 633,678 432,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 18 February 2025 and were signed on its behalf by:





S L Reeve - Director


WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Wykeham-Hurford Sheppard & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Amounts recoverable under contract provision
The directors have estimated the value of amounts recoverable under contracts based on a full line by line review of balances on all open matters at the balance sheet date. Whilst every attempt is made to ensure that the provision is as accurate as possible, there remains a risk that the provisions do not match the level of income which ultimately proves to be recoverable.

Turnover
Turnover represents the net invoiced sales value of services, excluding VAT. Turnover is only recognised at the date the invoice is raised which is a date after the majority of services have been provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 - 25% on reducing balance and 15% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision will be established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual right to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all off significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires

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.


WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

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.

Government and local authority grants
Where government and local authority grants are received in relation to the running costs of the business, they are recognised as income in the profit & loss account as other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 153,027
AMORTISATION
At 1 October 2023 132,624
Charge for year 15,303
At 30 September 2024 147,927
NET BOOK VALUE
At 30 September 2024 5,100
At 30 September 2023 20,403

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 45,454
Additions 21,131
At 30 September 2024 66,585
DEPRECIATION
At 1 October 2023 41,283
Charge for year 2,276
At 30 September 2024 43,559
NET BOOK VALUE
At 30 September 2024 23,026
At 30 September 2023 4,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,285 70,693
Amounts recoverable on contract 653,617 548,729
Other debtors 50,940 115,398
752,842 734,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 47,178 131,671
Trade creditors 16,253 4,982
Taxation and social security 167,435 135,019
Other creditors 39,109 46,994
269,975 318,666

WYKEHAM-HURFORD SHEPPARD & SON
LIMITED (REGISTERED NUMBER: 08444130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,000 48,000
Other creditors - 76,588
24,000 124,588

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 71,178 179,671

The security for loans is provided by way of a Debenture including Fixed Charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 "A" Ordinary £1 1,000 1,000
100 "B" Ordinary £1 100 100
1,000 "C" Ordinary £1 1,000 1,000
100 "D" Ordinary £1 100 100
1,000 "E" Ordinary £1 1,000 1,000
100 "F" Ordinary £1 100 100
3,300 3,300

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S L Reeve.