Company registration number 08321510 (England and Wales)
EDGINGTON SPINK & HYNE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EDGINGTON SPINK & HYNE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
EDGINGTON SPINK & HYNE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
21,128
20,411
Current assets
Debtors
5
286,953
241,558
Cash at bank and in hand
148,441
140,858
435,394
382,416
Creditors: amounts falling due within one year
6
(314,602)
(266,899)
Net current assets
120,792
115,517
Total assets less current liabilities
141,920
135,928
Creditors: amounts falling due after more than one year
7
(15,625)
(75,643)
Net assets
126,295
60,285
Capital and reserves
Called up share capital
9
9
Profit and loss reserves
126,286
60,276
Total equity
126,295
60,285

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
Mr R Parsons
Director
Company Registration No. 08321510
EDGINGTON SPINK & HYNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Edgington Spink & Hyne Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Azets, Burnham Yard, London End, Beaconsfield, Bucks, United Kingdom, HP9 2JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 10 years. An addition of goodwill on the acquisition of a business at the end of 2016 is being amortised evenly over its estimated useful life of 6 years.

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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost RB / 3 years SL
Computer equiptment
20% on cost RB

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

EDGINGTON SPINK & HYNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
15
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
652,140
Amortisation and impairment
At 1 January 2024 and 31 December 2024
652,140
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
EDGINGTON SPINK & HYNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Tangible fixed assets
Fixtures and fittings
Computer equiptment
Total
£
£
£
Cost
At 1 January 2024
25,729
67,044
92,773
Additions
4,940
5,120
10,060
At 31 December 2024
30,669
72,164
102,833
Depreciation and impairment
At 1 January 2024
22,291
50,071
72,362
Depreciation charged in the year
2,554
6,789
9,343
At 31 December 2024
24,845
56,860
81,705
Carrying amount
At 31 December 2024
5,824
15,304
21,128
At 31 December 2023
3,438
16,973
20,411
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
239,001
195,611
Other debtors
47,952
45,947
286,953
241,558
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
62,500
64,982
Trade creditors
48,005
39,975
Taxation and social security
148,851
130,740
Other creditors
55,246
31,202
314,602
266,899
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,625
75,643
EDGINGTON SPINK & HYNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
28,375
85,125
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