Registration number: 09243592

Hood & Woolf Limited

Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	18,965	20,779
Current assets
Debtors	6	246,350	589,728
Cash at bank and in hand		680,847	868,798
		927,197	1,458,526
Creditors: Amounts falling due within one year	7	(48,386)	(271,308)
Net current assets		878,811	1,187,218
Total assets less current liabilities		897,776	1,207,997
Provisions for liabilities		(4,741)	(5,195)
Net assets		893,035	1,202,802
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		892,035	1,201,802
Shareholders' funds		893,035	1,202,802

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Hood & Woolf Limited have elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Hood & Woolf Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

.........................................

S L Hood

Director

.........................................

B J Hood

Director

Company registration number: 09243592

Hood & Woolf Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Golden Cross House
8 Duncannon Street
London
WC2N 4JF

The principal activity of the company is that of communication and engagement consultancy support.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Going concern

The company made a loss for the year ended 31 March 2025 but had net assets at that date amounting to £893,035 including cash at bank of £680,847.

The directors expect that the company has sufficient working capital to continue to meet its liabilities as they fall due. After having made enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In view of the foregoing, the financial statements have been prepared on a going concern basis.

Hood & Woolf Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Straight line 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Hood & Woolf Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue over the period in which the consultancy services are delivered.

3	Staff numbers

The average number of persons employed by the company during the year was 8 (2024 - 6).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	7,975	6,614

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2024	43,709	43,709
Additions	7,435	7,435
Disposals	(11,239)	(11,239)
At 31 March 2025	39,905	39,905
Depreciation
At 1 April 2024	22,930	22,930
Charge for the year	7,975	7,975
Eliminated on disposal	(9,965)	(9,965)
At 31 March 2025	20,940	20,940
Carrying amount
At 31 March 2025	18,965	18,965
At 31 March 2024	20,779	20,779

Hood & Woolf Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Debtors

	2025 £	2024 £
Trade debtors	179,633	586,479
Other debtors	66,717	3,249
	246,350	589,728

7

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Trade creditors		12,856	45,232
Taxation and social security		26,265	58,987
Other creditors		9,265	167,089
		48,386	271,308

8	Financial commitments, guarantees and contingencies

The total future minimum lease payments under non-cancellable operating leases not included in the statement of financial position is £16,901 (2024 - £13,721).

9	Transactions with directors

During the year there were advances of £9,983 and repayments of £1,666 from directors. At 31 March 2025 an amount of £8,317 (2024: £Nil) was due from the directors. No interest has been charged and there are no agreed terms.