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REGISTERED NUMBER: 06637837 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

The Howe Practice Limited

The Howe Practice Limited (Registered number: 06637837)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Howe Practice Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mrs V A R Greenwood
J F Louden
G M Whittell





REGISTERED OFFICE: 2 Waterloo Court
Stockport
Cheshire
SK1 3DU





REGISTERED NUMBER: 06637837 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

The Howe Practice Limited (Registered number: 06637837)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,103 2,349
72,103 2,349

CURRENT ASSETS
Debtors 6 583,493 379,373
Cash at bank and in hand 202,431 314,774
785,924 694,147
CREDITORS
Amounts falling due within one year 7 (204,515 ) (146,809 )
NET CURRENT ASSETS 581,409 547,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,512

549,687

CREDITORS
Amounts falling due after more than one year 8 (5,943 ) (17,174 )

PROVISIONS FOR LIABILITIES (152 ) (152 )
NET ASSETS 647,417 532,361

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 646,417 531,361
647,417 532,361

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 22 May 2025 and were signed on its behalf by:



G M Whittell - Director


The Howe Practice Limited (Registered number: 06637837)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

The Howe Practice 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.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company. Unbilled revenue is included in debtors within accrued income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

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.

Fixtures and Fittings - 33% Straight Line
Computer Equipment - 25% Reducing Balance
Freehold Property - 2% Straight Line

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.

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.

The Howe Practice Limited (Registered number: 06637837)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 821,000
AMORTISATION
At 1 October 2023
and 30 September 2024 821,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 October 2023 - 23,548 23,548
Additions 71,000 - 71,000
At 30 September 2024 71,000 23,548 94,548
DEPRECIATION
At 1 October 2023 - 21,199 21,199
Charge for year 592 654 1,246
At 30 September 2024 592 21,853 22,445
NET BOOK VALUE
At 30 September 2024 70,408 1,695 72,103
At 30 September 2023 - 2,349 2,349

The Howe Practice Limited (Registered number: 06637837)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade debtors 397,003 183,904
Other debtors 186,490 195,469
583,493 379,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Bank loans and overdrafts 11,250 10,615
Trade creditors 2,384 1,079
Taxation and social security 117,086 110,752
Other creditors 73,795 24,363
204,515 146,809

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£ £
Bank loans 5,943 17,174

9. ULTIMATE CONTROLLING PARTY

The controlling party is G M Whittell.