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Company No: 07071232 (England and Wales)

HOWELL HYLTON LIMITED

Unaudited Financial Statements
For the financial year ended 29 June 2024
Pages for filing with the registrar

HOWELL HYLTON LIMITED

Unaudited Financial Statements

For the financial year ended 29 June 2024

Contents

HOWELL HYLTON LIMITED

BALANCE SHEET

As at 29 June 2024
HOWELL HYLTON LIMITED

BALANCE SHEET (continued)

As at 29 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 28,333 33,333
Tangible assets 4 8 92
28,341 33,425
Current assets
Debtors 5 118,758 140,592
Cash at bank and in hand 117,411 62,110
236,169 202,702
Creditors: amounts falling due within one year 6 ( 184,142) ( 161,964)
Net current assets 52,027 40,738
Total assets less current liabilities 80,368 74,163
Net assets 80,368 74,163
Capital and reserves
Called-up share capital 7 165 165
Share premium account 2,358 2,358
Profit and loss account 77,845 71,640
Total shareholders' funds 80,368 74,163

For the financial year ending 29 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Howell Hylton Limited (registered number: 07071232) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

N Lewin
Director
HOWELL HYLTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 June 2024
HOWELL HYLTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Howell Hylton Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Office 2 The Old Chapel, Greenbottom, Chacewater, TR4 8QP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of services provided during the period. Turnover is recognised as the services are performed.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. The directors have considered the amortisation rate and have reliably estimated the useful economic life as 20 years. Goodwill is amortised on a straight line basis over its useful economic life.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Fixtures and fittings 6.67 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors and;
• Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other
consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

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

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 4

3. Intangible assets

Goodwill Total
£ £
Cost
At 30 June 2023 100,000 100,000
At 29 June 2024 100,000 100,000
Accumulated amortisation
At 30 June 2023 66,667 66,667
Charge for the financial year 5,000 5,000
At 29 June 2024 71,667 71,667
Net book value
At 29 June 2024 28,333 28,333
At 29 June 2023 33,333 33,333

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 30 June 2023 28,337 28,337
Disposals ( 25,212) ( 25,212)
At 29 June 2024 3,125 3,125
Accumulated depreciation
At 30 June 2023 28,245 28,245
Charge for the financial year 84 84
Disposals ( 25,212) ( 25,212)
At 29 June 2024 3,117 3,117
Net book value
At 29 June 2024 8 8
At 29 June 2023 92 92

5. Debtors

2024 2023
£ £
Trade debtors 34,030 86,340
Amounts owed by directors 52,650 20,246
Prepayments and accrued income 27,828 29,006
Other debtors 4,250 5,000
118,758 140,592

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 47,282 34,956
Accruals 33,396 18,273
Corporation tax 46,539 33,278
Other taxation and social security 56,643 64,463
Other creditors 282 10,994
184,142 161,964

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
55 Ordinary A shares of £ 1.00 each 55 55
55 Ordinary B shares of £ 1.00 each 55 55
55 Ordinary C shares of £ 1.00 each 55 55
165 165

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
As at 30 June 20,246 (3,932)
Advances to directors 163,950 145,678
Repayments by directors (131,546) (121,500)
As at 29 June 52,650 20,246

Interest is charged at the official rate of 2.25% (2023: 2%) and is repayable on demand.

The amounts above do not include £4,250 (2023: £5,000) owed to the company by former directors.