Company registration number: 10181619
Unaudited financial statements
for the year ended 30 April 2025
for
Mike Hope Of Wooler Ltd
Pages for filing with the Registrar
Company registration number: 10181619
Mike Hope Of Wooler Ltd
Balance sheet
as at 30 April 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 12,000 20,000
Tangible assets 5 152,473 142,168
164,473 162,168
Current assets
Stocks 126,903 184,430
Debtors 277,405 266,297
Cash at bank and in hand 58,671 -
462,979 450,727
Creditors: amounts falling due within one
year 		(330,736) (337,291)
Net current assets 132,243 113,436
Total assets less current liabilities 296,716 275,604
Creditors: Amounts falling due after more
than one year 		(191,663) (210,742)
NET ASSETS 105,053 64,862
Capital and reserves
Called up share capital 100 100
Profit and loss account 104,953 64,762
TOTAL EQUITY 105,053 64,862
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10181619
Mike Hope Of Wooler Ltd
Balance sheet - continued
as at 30 April 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 1 December 2025 and signed on its behalf by:
Mr M Hope, Director Mr J Hope, Director
1 December 2025 1 December 2025
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Mike Hope Of Wooler Ltd
Notes to the financial statements
for the year ended 30 April 2025
1 Company information
Mike Hope Of Wooler Ltd is a private company registered in England and Wales. Its registered number is 10181619. The company is limited by shares. Its registered office is 3 South Road, Wooler, NE71 6SN.
2 Accounting policies
Basis of preparing the financial statements
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” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10 Years
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant & Machinery - 20% reducing balance
Fixtures & fittings - 5% straight line
Motor Vehicles - 20% straight line
Computer Equipment - 20% reducing balance
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Mike Hope Of Wooler Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 11 (2024 - 12).
4 Intangible assets
Goodwill
£
Cost
At 1 May 2024 80,000
At 30 April 2025 80,000
Amortisation
At 1 May 2024 60,000
Charge for year 8,000
At 30 April 2025 68,000
Net book value
At 30 April 2025 12,000
At 30 April 2024 20,000
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Mike Hope Of Wooler Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2024 277,380
Additions 29,634
At 30 April 2025 307,014
Depreciation
At 1 May 2024 135,212
Charge for year 19,329
At 30 April 2025 154,541
Net book value
At 30 April 2025 152,473
At 30 April 2024 142,168
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024.
2025 2024
£ £
Directors Loan
Balance outstanding at start of year 6,248 -
Amounts advanced 16,178 -
Balance outstanding at end of year 22,426 -
Directors loan payable within the year
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