REGISTERED NUMBER: 06429342 (England and Wales)

LES HUGHES & SON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M A Hughes

J Hughes

REGISTERED OFFICE:

Station Yard

Abermule

Montgomery

Powys

SY15 5NH

REGISTERED NUMBER:

06429342 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,359,168

1,829,401

2,359,168

1,829,401

CURRENT ASSETS

Stocks

18,000

31,000

Debtors

6

1,175,554

1,081,939

Cash at bank

1,434,013

1,094,430

2,627,567

2,207,369

CREDITORS

Amounts falling due within one year

7

1,197,668

853,329

NET CURRENT ASSETS

1,429,899

1,354,040

TOTAL ASSETS LESS CURRENT LIABILITIES

3,789,067

3,183,441

CREDITORS

Amounts falling due after more than one year

8

(152,746

)

(102,552

)

PROVISIONS FOR LIABILITIES

(557,064

)

(423,204

)

NET ASSETS

3,079,257

2,657,685

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,079,157

2,657,585

SHAREHOLDERS' FUNDS

3,079,257

2,657,685

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.

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 7 October 2025 and were signed on its behalf by:

M A Hughes - Director

1.	STATUTORY INFORMATION

Les Hughes & Son 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 is being amortised evenly over its estimated useful life of fifteen 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.

Improvements to leasehold property

-

3% - 10% on cost

Plant and machinery

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts are capitalised as fixed assets and depreciated over their estimated useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account over the contract on a straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

355,302

AMORTISATION

At 1 April 2024

and 31 March 2025

355,302

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

leasehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

180,257

3,535,045

3,715,302

Additions

-

1,137,143

1,137,143

Disposals

-

(664,764

)

(664,764

)

At 31 March 2025

180,257

4,007,424

4,187,681

DEPRECIATION

At 1 April 2024

43,889

1,842,012

1,885,901

Charge for year

8,642

457,707

466,349

Eliminated on disposal

-

(523,737

)

(523,737

)

At 31 March 2025

52,531

1,775,982

1,828,513

NET BOOK VALUE

At 31 March 2025

127,726

2,231,442

2,359,168

At 31 March 2024

136,368

1,693,033

1,829,401

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,128,961

1,065,818

Other debtors

46,593

16,121

1,175,554

1,081,939

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

241,572

107,847

Trade creditors

593,361

411,236

Taxation and social security

70,912

180,426

Other creditors

291,823

153,820

1,197,668

853,329

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

152,746

102,552

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

394,318

210,399

The amounts above due under hire purchase contracts are secured on the assets they are financing. They are repayable in monthly instalments over the period of the agreement.

10.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £24,000 (2024: £22,750) in relation to property owned by Mr MA & Mrs J Hughes (directors).

Included in other creditors at 31 March 2025 is an amount of £NIL (2024: £1,350) due to Mrs JM Hughes (shareholder), and £275,776 (2024: £70,748) due to Mr MA & Mrs J Hughes (directors).

Included in other debtors at 31 March 2025 is an amount of £5,158 (2024: £NIL) due from Mrs JM Hughes (shareholder),

11.	CONTROLLING PARTY

The company is under the control of Mr MA and Mrs J Hughes (directors) who between them own 80% of the issued share capital.