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REGISTERED NUMBER: 13288743 (England and Wales)





















WALLACE HIND SELECTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


WALLACE HIND SELECTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Ms J K Burden
M G Hogg
S J Platt
M K P Thorpe





REGISTERED OFFICE: The Old Vicarage
1 Main Road
Duston
Northampton
NN5 6JB





REGISTERED NUMBER: 13288743 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 595,918 691,276
Tangible assets 5 25,201 31,923
621,119 723,199

CURRENT ASSETS
Stocks 73,340 -
Debtors 6 221,295 245,093
Cash at bank and in hand 197,707 583,301
492,342 828,394
CREDITORS
Amounts falling due within one year 7 326,295 587,261
NET CURRENT ASSETS 166,047 241,133
TOTAL ASSETS LESS CURRENT LIABILITIES 787,166 964,332

CREDITORS
Amounts falling due after more than one
year

8

(786,805

)

(874,305

)

PROVISIONS FOR LIABILITIES - (3,038 )
NET ASSETS 361 86,989

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 161 86,789
SHAREHOLDERS' FUNDS 361 86,989

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

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

WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

BALANCE SHEET - continued
31 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 31 July 2025 and were signed on its behalf by:





M G Hogg - Director


WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

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


1. STATUTORY INFORMATION

Wallace Hind Selection 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 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 ten 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.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

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.


WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 953,574 7,785 961,359
AMORTISATION
At 1 April 2024 262,298 7,785 270,083
Charge for year 95,358 - 95,358
At 31 March 2025 357,656 7,785 365,441
NET BOOK VALUE
At 31 March 2025 595,918 - 595,918
At 31 March 2024 691,276 - 691,276

WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 60,416 2,849 22,188 72,844 158,297
Additions - - 1,200 4,705 5,905
At 31 March 2025 60,416 2,849 23,388 77,549 164,202
DEPRECIATION
At 1 April 2024 45,735 1,985 12,902 65,752 126,374
Charge for year 1,746 87 3,456 7,338 12,627
At 31 March 2025 47,481 2,072 16,358 73,090 139,001
NET BOOK VALUE
At 31 March 2025 12,935 777 7,030 4,459 25,201
At 31 March 2024 14,681 864 9,286 7,092 31,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 213,643 233,343
Amounts owed by group undertakings 420 -
Other debtors 7,232 11,750
221,295 245,093

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 11,771 110,469
Taxation and social security 113,106 154,631
Other creditors 201,418 322,161
326,295 587,261

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 786,805 874,305

WALLACE HIND SELECTION LIMITED (REGISTERED NUMBER: 13288743)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 65,615 65,615
Between one and five years 17,650 83,265
83,265 148,880

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary £1 200 200