| G Hughes (North East) Limited |
| Registered Number:08290914 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
G Hughes (North East) Limited
Contents Page
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Statement of Financial Position
3 to 6
Notes to the Financial Statements
G Hughes (North East) Limited
Statement of Financial Position
2024
2025
-
12,500
2
| Property, plant and equipment |
36,076
9,139
3
36,076
21,639
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
100
100
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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For the year ended 31 March 2025
G Hughes (North East) Limited
Statement of Financial Position Continued
| 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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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
10 Grange Terrace
Sunderland
SR2 7DF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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. |
| 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
Plant and Equipment
Motor Vehicles
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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
750,000
750,000
737,500
12,500
Charge for year
750,000
-
12,500
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For the year ended 31 March 2025
G Hughes (North East) Limited
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
Motor Vehicles
59,160
8,312
50,848
-
31,321
-
-
31,321
31,321
50,848
8,312
90,481
| Provision for depreciation and impairment |
50,021
519
49,502
-
Charge for year
4,384
1,948
593
1,843
54,405
2,467
50,095
1,843
29,478
753
5,845
36,076
-
1,346
7,793
9,139
2024
2025
42,748
51,000
| 5. Trade and other receivables |
2024
2025
142,161
128,113
| Amounts owed by group undertakings and participating interests |
460,830
250,791
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
10,500
10,700
198,720
178,704
| Taxation and social security |
84,406
87,833
21,579
21,728
315,205
298,965
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
2,000
11,902
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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