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Company Registration No. 04801072 (England and Wales)
Hughes Walker Limited Unaudited accounts for the year ended 31 December 2024
Hughes Walker Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Hughes Walker Limited Company Information for the year ended 31 December 2024
Director
Mr M. Walker
Secretary
Mr M. Walker
Company Number
04801072 (England and Wales)
Registered Office
82a James Carter Road Mildenhall Bury St Edmunds IP28 7DE United Kingdom
Accountants
Accology Limited Bolton Arena Arena Approach Horwich Lancashire BL6 6LB
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Hughes Walker Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
-
71
Current assets
Inventories
24,200
24,200
Debtors
6
15,856
15,856
Cash at bank and in hand
53,848
1,070,142
93,904
1,110,198
Creditors: amounts falling due within one year
7
147,230
147,230
Net current assets
241,134
1,257,428
Net assets
241,134
1,257,499
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
241,034
1,257,399
Shareholders' funds
241,134
1,257,499
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Mr M. Walker Director Company Registration No. 04801072
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Hughes Walker Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Hughes Walker Limited is a private company, limited by shares, registered in England and Wales, registration number 04801072. The registered office is 82a James Carter Road, Mildenhall, Bury St Edmunds, IP28 7DE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% pa straight line
Fixtures & fittings
25% pa reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Hughes Walker Limited Notes to the Accounts for the year ended 31 December 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
300,000
At 31 December 2024
300,000
Amortisation
At 1 January 2024
300,000
At 31 December 2024
300,000
Net book value
At 31 December 2024
-
5
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
33,904
211
34,115
At 31 December 2024
33,904
211
34,115
Depreciation
At 1 January 2024
33,904
140
34,044
Charge for the year
-
71
71
At 31 December 2024
33,904
211
34,115
Net book value
At 31 December 2024
-
-
-
At 31 December 2023
-
71
71
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
15,749
15,749
Deferred tax asset
107
107
15,856
15,856
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Hughes Walker Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
(131,533)
(131,533)
Loans from directors
(15,947)
(15,947)
Accruals
250
250
(147,230)
(147,230)
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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