REGISTERED NUMBER: 12644065 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

HAINES WATTS SKEGNESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Miss A Cowell

Mr S C Thorold

Mr M J Seymour

Mr M Foreman

Registered office:

21-23 Algitha Road

Skegness

PE25 2AG

Registered number:

12644065 (England and Wales)

Accountants:

Haines Watts

23 Algitha Road

Skegness

United Kingdom

PE25 2AG

Fixed assets

Intangible assets

4

137,393

141,524

Current assets

Stocks

10,767

17,829

Debtors

5

160,439

168,633

Cash at bank and in hand

127,060

140,227

298,266

326,689

Creditors

Amounts falling due within one year

6

197,458

191,524

Net current assets

100,808

135,165

Total assets less current liabilities

238,201

276,689

Creditors

Amounts falling due after more than one year

7

238,000

276,488

Net assets

201

201

Capital and reserves

Called up share capital

200

200

Retained earnings

1

1

201

201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Miss A Cowell - Director

Mr S C Thorold - Director

1.	Statutory information

Haines Watts Skegness Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of seven years.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 12 (2024 - 12 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

154,401

Amortisation

At 1 April 2024

12,877

Charge for year

4,131

At 31 March 2025

17,008

Net book value

At 31 March 2025

137,393

At 31 March 2024

141,524

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

150,248

157,314

Other debtors

10,191

11,319

160,439

168,633

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,202

9,154

Taxation and social security

144,629

132,370

Other creditors

50,627

50,000

197,458

191,524

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

238,000

276,488