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G Hughes (North East) Limited

Registered Number:08290914

For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements

2
For the year ended 31 March 2025
G Hughes (North East) Limited
Contents Page
1 to 2
Statement of Financial Position
3 to 6
Notes to the Financial Statements
3

Registered Number :

08290914

As at 31 March 2025

G Hughes (North East) Limited
Statement of Financial Position

£

£

2024
2025

Notes

Fixed assets

Intangible assets

-
12,500
2

Property, plant and equipment

36,076
9,139
3
36,076
21,639

Current assets

Inventories

51,000
42,748
4

Trade and other receivables

421,551
626,023
5
305,547

Cash and cash equivalents

234,666
903,437
778,098

Trade and other payables: amounts falling due within one
year

(298,965)
(315,205)
6
479,133
588,232
Net current assets

Total assets less current liabilities

624,308
500,772

Trade and other payables: amounts falling due after more
than one year

(12,490)
(2,293)
7
-
(331)

Provisions for liabilities

622,015
Net assets
487,951

Capital and reserves

Called up share capital

100
100

Retained earnings

621,915
487,851
622,015
487,951
Shareholders' funds

For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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4

Registered Number :

08290914

For the year ended 31 March 2025
G Hughes (North East) Limited
Statement of Financial Position Continued

J Kaila Director

These financial statements were approved and authorised for issue by the Board on 07 October 2025 and were signed by:

The notes form part of these financial statements

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5
For the year ended 31 March 2025
G Hughes (North East) Limited
Notes to the Financial Statements
Statutory Information

G Hughes (North East) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 08290914.

Principal place of business:

127 Renfrew Road
Sunderland
SR5 5PS

Registered address:

10 Grange Terrace
Sunderland
SR2 7DF

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Going Concern

The financial statements have been prepared on a going concern basis as the directors believe that no material
uncertainties exist. The directors have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements and have concluded that the company is
able to continue as a going concern.

Intangible assets

Goodwill represents the excess of the cost of aquisition of unicorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsquently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years. For the purpose of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

5.88% Per annum on cost

Plant and Equipment

20% Straight line

25% Reducing balance

Motor Vehicles
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6
For the year ended 31 March 2025
G Hughes (North East) Limited
Notes to the Financial Statements Continued
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Inventories

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

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.

2. Intangible fixed assets

Goodwill

Cost or valuation

£

At 01 April 2024

750,000

At 31 March 2025

750,000

Amortisation

At 01 April 2024

737,500
12,500
Charge for year

At 31 March 2025

750,000

Net book value

At 31 March 2025

-

At 31 March 2024

12,500
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7
For the year ended 31 March 2025
G Hughes (North East) Limited
Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Motor Vehicles

Plant and
Equipment

Land and
Buildings

£

£

£

£

Cost or
valuation

At 01 April 2024

59,160
8,312
50,848
-
31,321
-
-
31,321

Additions

At 31 March 2025

31,321
50,848
8,312
90,481

Provision for depreciation and impairment

At 01 April 2024

50,021
519
49,502
-
Charge for year
4,384
1,948
593
1,843

At 31 March 2025

54,405
2,467
50,095
1,843

At 31 March 2025

Net book value

29,478
753
5,845
36,076

At 31 March 2024

-
1,346
7,793
9,139

4. Inventories

2024
2025

£

£

Stocks

42,748
51,000

5. Trade and other receivables

2024
2025

£

£

Trade debtors

142,161
128,113

Amounts owed by group undertakings and participating interests

460,830
250,791

Other debtors

23,032
42,647
421,551
626,023
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For the year ended 31 March 2025
G Hughes (North East) Limited
Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Bank loans and overdraft

10,500
10,700

Trade creditors

198,720
178,704

Taxation and social security

84,406
87,833

Other creditors

21,579
21,728
315,205
298,965

7. Trade and other payables: amounts falling due after more than one year

2024
2025

£

£

Bank loans and overdraft

2,000
11,902

Other creditors

293
588
2,293
12,490

8. Average number of persons employed

During the year the average number of employees were 11 (2024 : 11)
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