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HW BEDFORD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025






HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HW BEDFORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: E Di Lorenzo FCCA
A Di Lorenzo FCA
S B Di Lorenzo ACA
P I Gurney FCCA





REGISTERED OFFICE: First Floor Woburn Court
2 Railton Road
Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 14185997 (England and Wales)






HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,100,000 1,180,000
Tangible assets 5 18,220 20,200
Investments 6 300 -
1,118,520 1,200,200

CURRENT ASSETS
Debtors 7 441,798 498,800
Cash at bank and in hand 296,780 175,252
738,578 674,052
CREDITORS
Amounts falling due within one year 8 557,953 531,188
NET CURRENT ASSETS 180,625 142,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,299,145

1,343,064

CREDITORS
Amounts falling due after more than one
year

9

1,158,759

1,302,629
NET ASSETS 140,386 40,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,286 40,335
SHAREHOLDERS' FUNDS 140,386 40,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)

BALANCE SHEET - continued
31ST MARCH 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th July 2025 and were signed on its behalf by:




P I Gurney FCCA - Director



E Di Lorenzo FCCA - Director


HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

HW Bedford 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts invoiced, net of value added tax, in respect of the provision of services to clients, commissions and other trading income, plus the value , recognised to the stage of completion, of other work undertaken in the period but not invoiced at the period end. Revenue not billed is included in debtors as amounts recoverable on contracts.

Goodwill
Purchased goodwill is capitalised, classified as an asset on the balance sheet and amortised over its estimated useful economic life of 15 years. 15 years has been chosen as a reasonable period reflective of the income streams arising from the asset.

Goodwill is reviewed for impairment at the end of each financial period.

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.
Office equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.


HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

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 29 (2024 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 1,200,000
AMORTISATION
At 1st April 2024 20,000
Amortisation for year 80,000
At 31st March 2025 100,000
NET BOOK VALUE
At 31st March 2025 1,100,000
At 31st March 2024 1,180,000

HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st April 2024 21,513
Additions 3,804
At 31st March 2025 25,317
DEPRECIATION
At 1st April 2024 1,313
Charge for year 5,784
At 31st March 2025 7,097
NET BOOK VALUE
At 31st March 2025 18,220
At 31st March 2024 20,200

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 300
At 31st March 2025 300
NET BOOK VALUE
At 31st March 2025 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 318,708 364,956
Doubtful debt provision (15,100 ) (5,335 )
Amounts recoverable on contract 104,001 104,413
Prepayments and accrued income 34,189 34,766
441,798 498,800

HW BEDFORD LIMITED (REGISTERED NUMBER: 14185997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 34,718 95,206
Amounts owed to participating interests 1,056 45,497
Corporation tax 155,162 39,166
Social security and other taxes 15,814 11,848
VAT 78,184 71,458
Other creditors 8,916 5,275
Credit card liability 1,826 -
Directors' current accounts 10,000 15,140
Accrued expenses 185,004 180,201
Deferred income 67,273 67,397
557,953 531,188

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 182,619 206,847
Directors' loan accounts 976,140 1,095,782
1,158,759 1,302,629

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 32,000 32,000
Between one and five years 56,000 88,000
88,000 120,000