Hill Wooldridge Accountants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05557208

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		111,374		111,374
Tangible Assets	5		3,920		1,572

			115,294		112,946
CURRENT ASSETS
Stocks	6	14,800		12,500
Debtors	7	89,590		65,825
Cash at bank and in hand		67,300		85,695

		171,690		164,020
Creditors: Amounts Falling Due Within One Year	8	(40,988 )		(38,106 )

NET CURRENT ASSETS (LIABILITIES)			130,702		125,914

TOTAL ASSETS LESS CURRENT LIABILITIES			245,996		238,860

NET ASSETS			245,996		238,860

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			245,896		238,760

SHAREHOLDERS' FUNDS			245,996		238,860

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Hill Wooldridge Accountants Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Timothy Horner

Director

30th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hill Wooldridge Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05557208 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill is not subject to an annual amortisation charge.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

1/3 of cost per year

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Hill Wooldridge Accountants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	111,374

As at 31 December 2024	111,374

Net Book Value
As at 31 December 2024	111,374

As at 1 January 2024	111,374

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	13,897
Additions	3,536
Disposals	(3,492 )

As at 31 December 2024	13,941

Depreciation
As at 1 January 2024	12,325
Provided during the period	1,179
Disposals	(3,483 )

As at 31 December 2024	10,021

Net Book Value
As at 31 December 2024	3,920

As at 1 January 2024	1,572

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Hill Wooldridge Accountants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Work in progress	14,800	12,500

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	74,074	56,992
Prepayments and accrued income	5,201	634
Disbursements control	10,315	8,199

	89,590	65,825

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	515	372
Corporation tax	8,900	4,041
Other taxes and social security	2,190	2,177
VAT	25,038	18,927
Net wages	-	7,637
Other creditors	-	55
Company credit card	3,030	3,056
Pension contributions payable	475	445
Accruals and deferred income	562	1,203
Directors' loan accounts	278	193

	40,988	38,106

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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