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REGISTERED NUMBER: 13207340 (England and Wales)











Haines Watts Tamworth Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Haines Watts Tamworth Limited (Registered number: 13207340)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haines Watts Tamworth Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Barlow
S P Butler
R Wilkinson





REGISTERED OFFICE: Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF





REGISTERED NUMBER: 13207340 (England and Wales)





ACCOUNTANTS: Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Haines Watts Tamworth Limited (Registered number: 13207340)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,865,108 1,839,205
Tangible assets 5 4,232 2,862
1,869,340 1,842,067

CURRENT ASSETS
Stocks 124,085 105,265
Debtors 6 538,649 472,392
Cash at bank and in hand 336,313 258,232
999,047 835,889
CREDITORS
Amounts falling due within one year 7 681,412 639,181
NET CURRENT ASSETS 317,635 196,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,186,975

2,038,775

CREDITORS
Amounts falling due after more than one year 8 890,664 1,189,761
NET ASSETS 1,296,311 849,014

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 1,296,011 848,714
SHAREHOLDERS' FUNDS 1,296,311 849,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Haines Watts Tamworth Limited (Registered number: 13207340)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





S P Butler - Director


Haines Watts Tamworth Limited (Registered number: 13207340)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Haines Watts Tamworth 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is initially measured at cost. The Directors consider the goodwill to be of an enduring nature and so no amortisation is applied. However the carrying value of goodwill is reviewed annually for impairment.

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 - 40% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Haines Watts Tamworth Limited (Registered number: 13207340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 23 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 1,839,205
Additions 25,903
At 31 March 2024 1,865,108
NET BOOK VALUE
At 31 March 2024 1,865,108
At 31 March 2023 1,839,205

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 14,862
Additions 5,870
At 31 March 2024 20,732
DEPRECIATION
At 1 April 2023 12,000
Charge for year 4,500
At 31 March 2024 16,500
NET BOOK VALUE
At 31 March 2024 4,232
At 31 March 2023 2,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 507,337 438,959
Other debtors 31,312 33,433
538,649 472,392

Haines Watts Tamworth Limited (Registered number: 13207340)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,043 60,112
Taxation and social security 312,378 235,095
Other creditors 325,991 343,974
681,412 639,181

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 890,664 1,189,761

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300