HUGHES AND ASSOCIATES FM LIMITED

Registered number

06236399

Unaudited Filleted Accounts

31 May 2025

HUGHES AND ASSOCIATES FM LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of HUGHES AND ASSOCIATES FM LIMITED for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HUGHES AND ASSOCIATES FM LIMITED for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
…........................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR

12 November 2025

HUGHES AND ASSOCIATES FM LIMITED
Registered number:		06236399
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		24,473			30,124

Current assets
Debtors	4	232,768			298,971
Cash at bank and in hand		202,524			10,082
		435,292			309,053

Creditors: amounts falling due within one year	5	(302,596)			(135,360)

Net current assets			132,696			173,693

Net assets			157,169			203,817

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			156,169			202,817

Shareholders' funds			157,169			203,817

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



…...........................................			….......................................
Mr Timothy James Hughes			Mr Roger Doniert Mutton
Director			Director
Approved by the board on 12 November 2025

HUGHES AND ASSOCIATES FM LIMITED
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% Reduce Balance Method
	Motor Vehicles	25% Reduce Balance Method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.












	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			12		12











3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	56,307		5,000		61,307
	Additions	499		-		499
	At 31 May 2025	56,806		5,000		61,806

	Depreciation
	At 1 June 2024	26,684		4,499		31,183
	Charge for the year	6,024		126		6,150
	At 31 May 2025	32,708		4,625		37,333

	Net book value
	At 31 May 2025	24,098		375		24,473
	At 31 May 2024	29,623		501		30,124


4	Debtors			2025		2024
£					£

	Trade debtors			223,013		298,821
	Other debtors			9,755		150
				232,768		298,971


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			79,786		7,584
	Taxation and social security costs			39,858		43,223
	Other creditors			182,952		84,553
				302,596		135,360


6	Other information

	HUGHES AND ASSOCIATES FM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Atlas House
	40 Berth Port of Tilbury
	Tilbuty
	Essex
	RM18 7HP