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Company registration number: 5590855
Hilton Wordsworth Financial Services Limited
Unaudited filleted financial statements
31 October 2024
Hilton Wordsworth Financial Services Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Hilton Wordsworth Financial Services Limited
Directors and other information
Director Mr H D W Wordsworth
Secretary Mrs C Wordsworth
Company number 5590855
Registered office 2 Oxhill Farm
High Lane
Maltby
Middlesbrough
TS8 0BG
Accountants Censis
Exchange Building
66 Church Street
Hartlepool
TS24 7DN
Hilton Wordsworth Financial Services Limited
Statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 3,760 4,874
Cash at bank and in hand 78,984 72,198
_______ _______
82,744 77,072
Creditors: amounts falling due
within one year 6 ( 10,437) ( 11,650)
_______ _______
Net current assets 72,307 65,422
_______ _______
Total assets less current liabilities 72,307 65,422
_______ _______
Net assets 72,307 65,422
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 72,297 65,412
_______ _______
Shareholders funds 72,307 65,422
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 March 2025 , and are signed on behalf of the board by:
Mr H D W Wordsworth
Director
Company registration number: 5590855
Hilton Wordsworth Financial Services Limited
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 2 Oxhill Farm, High Lane, Maltby, Middlesbrough, TS8 0BG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Trade debtors 3,760 4,874
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 9,075 8,861
Social security and other taxes - 18
Other creditors 1,362 2,771
_______ _______
10,437 11,650
_______ _______
7. Controlling party
For the whole year the company was under the control of the director.