Donohue Smith & Hartwell Ltd - Filleted accounts

Registered number

09217188

Donohue Smith & Hartwell Ltd

Filleted Accounts

31 March 2025

Donohue Smith & Hartwell Ltd
Registered number:		09217188
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		400,000			400,000
Tangible assets	4		9,999			11,593
			409,999			411,593

Current assets
Work in progress		5,615			9,655
Debtors	5	53,138			54,179
Cash at bank and in hand		57,475			35,547
		116,228			99,381

Creditors: amounts falling due within one year	6	(119,391)			(90,122)

Net current (liabilities)/assets			(3,163)			9,259

Total assets less current liabilities			406,836			420,852

Creditors: amounts falling due after more than one year	7		(248,997)			(273,646)



Net assets			157,839			147,206

Capital and reserves
Called up share capital			100			100
Profit and loss account			157,739			147,106

Shareholders' funds			157,839			147,206

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mrs C Smith
Director
Approved by the board on 24 April 2025

Donohue Smith & Hartwell Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment	20% straight line
	Plant and machinery	15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			8		10


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					400,000
	At 31 March 2025					400,000

	Amortisation
	At 31 March 2025					-

	Net book value
	At 31 March 2025					400,000
	At 31 March 2024					400,000




4	Tangible fixed assets
		Plant and machinery etc		Office Equipment		Total
£			£		£
	Cost
	At 1 April 2024	40,385		25,370		65,755
	Additions	254		-		254
	At 31 March 2025	40,639		25,370		66,009

	Depreciation
	At 1 April 2024	28,876		25,286		54,162
	Charge for the year	1,764		84		1,848
	At 31 March 2025	30,640		25,370		56,010

	Net book value
	At 31 March 2025	9,999		-		9,999
	At 31 March 2024	11,509		84		11,593


5	Debtors			2025		2024
£					£

	Trade debtors			49,691		50,957
	Other debtors			3,447		3,222
				53,138		54,179


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Directors loan accounts			45,561		30,538
	Trade creditors			748		238
	Taxation and social security costs			36,274		31,679
	Loans			25,500		24,065
	Other creditors			11,308		3,602
				119,391		90,122


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Directors loan accounts			96,617		96,621
	Loans			152,380		177,025
				248,997		273,646


8	Other information

	Donohue Smith & Hartwell Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	43 Fisherton Street
	Salisbury
	Wilts
	SP2 7SU