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REGISTERED NUMBER: 13776667 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HUSSEYS (SW) LTD

HUSSEYS (SW) LTD (REGISTERED NUMBER: 13776667)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUSSEYS (SW) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr E J Hubbard
Dr S M Drake



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 13776667 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
250 High Street
Exeter
Devon
EX4 3PZ

HUSSEYS (SW) LTD (REGISTERED NUMBER: 13776667)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,000 162,000
Tangible assets 5 24,379 31,219
177,379 193,219

CURRENT ASSETS
Debtors 6 29,892 44,484
Cash at bank and in hand 6,439 451
36,331 44,935
CREDITORS
Amounts falling due within one year 7 68,753 77,174
NET CURRENT LIABILITIES (32,422 ) (32,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES 144,957 160,980

PROVISIONS FOR LIABILITIES 5,802 7,805
NET ASSETS 139,155 153,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139,055 153,075
SHAREHOLDERS' FUNDS 139,155 153,175

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

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

HUSSEYS (SW) LTD (REGISTERED NUMBER: 13776667)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:





Mr E J Hubbard - Director


HUSSEYS (SW) LTD (REGISTERED NUMBER: 13776667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Husseys (Sw) Ltd 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, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HUSSEYS (SW) LTD (REGISTERED NUMBER: 13776667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 180,000
AMORTISATION
At 1 January 2024 18,000
Amortisation for year 9,000
At 31 December 2024 27,000
NET BOOK VALUE
At 31 December 2024 153,000
At 31 December 2023 162,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 860 1 40,241 1,480 42,582
Additions 2,000 - 1,700 963 4,663
Disposals - - (4,400 ) - (4,400 )
At 31 December 2024 2,860 1 37,541 2,443 42,845
DEPRECIATION
At 1 January 2024 311 - 10,312 740 11,363
Charge for year 510 - 7,082 611 8,203
Eliminated on disposal - - (1,100 ) - (1,100 )
At 31 December 2024 821 - 16,294 1,351 18,466
NET BOOK VALUE
At 31 December 2024 2,039 1 21,247 1,092 24,379
At 31 December 2023 549 1 29,929 740 31,219

HUSSEYS (SW) LTD (REGISTERED NUMBER: 13776667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,335 30,620
Prepayments 14,557 13,864
29,892 44,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 24,937
Trade creditors 11,922 9,083
Tax 32,329 29,695
Social security and other taxes 3,503 3,824
VAT 16,767 6,201
Directors' current accounts 192 69
Accrued expenses 4,040 3,365
68,753 77,174

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr E J Hubbard
Balance outstanding at start of year (69 ) (70,203 )
Amounts advanced 106,822 193,637
Amounts repaid (106,945 ) (123,503 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (192 ) (69 )

Loans are interest free, unsecured and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £104,000 (2023 - £121,000) were paid to the directors .