Company registration number 09435878 (England and Wales)
S J HUBBARD & ASSOCIATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
S J HUBBARD & ASSOCIATES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
S J HUBBARD & ASSOCIATES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
-
0
Tangible assets
4
29,154
21,517
Current assets
Debtors
5
469
451
Cash at bank and in hand
37,373
54,602
37,842
55,053
Creditors: amounts falling due within one year
6
(9,717)
(7,756)
Net current assets
28,125
47,297
Total assets less current liabilities
57,279
68,814
Provisions for liabilities
7
(5,539)
(4,088)
Net assets
51,740
64,726
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
9
51,640
64,626
Total equity
51,740
64,726

For the financial 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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 November 2025
Mrs Susan Hubbard
Director
Company registration number 09435878 (England and Wales)
S J HUBBARD & ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

S J Hubbard & Associates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 178 Worcester Road, Malvern Link, Worcestershire, WR14 1AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently 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.

For the purposes 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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

S J HUBBARD & ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
S J HUBBARD & ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
11,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
11,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2024
46,767
Additions
18,345
At 31 March 2025
65,112
Depreciation and impairment
At 1 April 2024
25,250
Depreciation charged in the year
10,708
At 31 March 2025
35,958
Carrying amount
At 31 March 2025
29,154
At 31 March 2024
21,517
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
469
451
S J HUBBARD & ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
3,585
-
0
Other taxation and social security
2,088
834
Other creditors
4,044
6,922
9,717
7,756
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
5,539
4,088
8
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
9
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
64,626
121,979
Profit/(loss) for the year
25,584
(18,783)
Dividends declared and paid in the year
(38,570)
(38,570)
At the end of the year
51,640
64,626
10
Ultimate controlling party

The ultimate controlling party is Mrs S J Hubbard.

2025-03-31 2024-04-01 false false false 10 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs S J Hubbard 09435878 2024-04-01 2025-03-31 09435878 2025-03-31 09435878 2024-03-31 09435878 core:NetGoodwill 2025-03-31 09435878 core:NetGoodwill 2024-03-31 09435878 core:FurnitureFittings 2025-03-31 09435878 core:FurnitureFittings 2024-03-31 09435878 core:CurrentFinancialInstruments 2025-03-31 09435878 core:CurrentFinancialInstruments 2024-03-31 09435878 core:ShareCapital 2025-03-31 09435878 core:ShareCapital 2024-03-31 09435878 core:RetainedEarningsAccumulatedLosses 2025-03-31 09435878 core:RetainedEarningsAccumulatedLosses 2024-03-31 09435878 core:ShareCapitalOrdinaryShareClass1 2025-03-31 09435878 core:ShareCapitalOrdinaryShareClass1 2024-03-31 09435878 core:RetainedEarningsAccumulatedLosses 2024-03-31 09435878 core:RetainedEarningsAccumulatedLosses 2023-03-31 09435878 bus:Director1 2024-04-01 2025-03-31 09435878 core:Goodwill 2024-04-01 2025-03-31 09435878 core:FurnitureFittings 2024-04-01 2025-03-31 09435878 2023-04-01 2024-03-31 09435878 core:NetGoodwill 2024-03-31 09435878 core:FurnitureFittings 2024-03-31 09435878 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09435878 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09435878 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09435878 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09435878 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09435878 bus:FRS102 2024-04-01 2025-03-31 09435878 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09435878 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP