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Registration number: 11000770

Hewitt Projects Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Hewitt Projects Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Hewitt Projects Limited

Company Information

Directors | Mr C Hewitt Mrs K Hewitt

Registered office | Corner Cottage Whirley Low Foxt Stoke On Trent Staffordshire ST10 2HR

Accountants | Coates and Partners Limited The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Hewitt Projects Limited

(Registration number: 11000770)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 50,213 | 36,380
Current assets |  |  |
Stocks |  | - | 269,155
Debtors | 5 | 7,310 | 3,274
Cash at bank and in hand |  | 16,249 | 57,390
|  | 23,559 | 329,819
Creditors: Amounts falling due within one year | 6 | (14,637) | (29,965)
Net current assets |  | 8,922 | 299,854
Total assets less current liabilities |  | 59,135 | 336,234
Creditors: Amounts falling due after more than one year | 6 | (30,867) | (331,045)
Provisions for liabilities |  | (8,625) | -
Net assets |  | 19,643 | 5,189
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 19,543 | 5,089
Shareholders' funds |  | 19,643 | 5,189

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.

Hewitt Projects Limited

(Registration number: 11000770)
Balance Sheet as at 31 March 2025 (continued)

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’.

Approved and authorised by the Board on 14 November 2025 and signed on its behalf by:

......................................... Mr C Hewitt Director |  |

Hewitt Projects Limited

Notes to the Unaudited 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 registration number: 11000770.

The address of its registered office is:
Corner Cottage Whirley Low
Foxt
Stoke On Trent
Staffordshire
ST10 2HR
England

These financial statements were authorised for issue by the Board on 14 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Hewitt Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Government grants

Government grants received are only recognised when there is reasonable assurance that the entity will comply with the conditions attached to them and the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change 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. 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% reducing balance
Office equipment | 3 year straight line

Hewitt Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hewitt Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Hewitt Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 529 | 44,144 | 44,673
Additions | - | 19,750 | 19,750
At 31 March 2025 | 529 | 63,894 | 64,423
Depreciation
At 1 April 2024 | 529 | 7,765 | 8,294
Charge for the year | - | 5,916 | 5,916
At 31 March 2025 | 529 | 13,681 | 14,210
Carrying amount
At 31 March 2025 | - | 50,213 | 50,213
At 31 March 2024 | - | 36,380 | 36,380

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 2,712 | 2,690
Other debtors | 4,598 | 584
| 7,310 | 3,274

Hewitt Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 11,276 | 9,078
Trade creditors |  | - | 3,338
Accruals and deferred income |  | 2,999 | 2,549
Other creditors |  | 362 | 15,000
|  | 14,637 | 29,965

Creditors includes the Coronavirus Bounce Back Loan scheme which is secured by the Government amounting to £5,052 (2024 - £5,052)

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 30,867 | 35,494
Other creditors |  | - | 295,551
|  | 30,867 | 331,045

Creditors includes the Coronavirus Bounce Back Loan scheme which is secured by the Government amounting to £21,048 (2024 - £26,100) of which £0 (2024: £5,893) is due after more than five years.

Hewitt Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 6,225 | 4,026
Other borrowings | 5,051 | 5,052
| 11,276 | 9,078

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 9,819 | 9,395
Other borrowings | 21,048 | 26,099
| 30,867 | 35,494