Hutchinson Whitlam Associates Limited - Accounts to registrar (filleted)

HUTCHINSON WHITLAM ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Basterfield

REGISTERED OFFICE:

Fairfax House

38 The Grove

Ilkley

West Yorkshire

LS29 9EE

REGISTERED NUMBER:

08128624 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Suite 1.07

International Dev. Centre

Valley Road

Ilkley

West Yorkshire

LS29 8AL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

43,048

46,662

43,048

46,662

CURRENT ASSETS

Debtors

6

176,840

139,399

Cash at bank and in hand

343,707

335,673

520,547

475,072

CREDITORS

Amounts falling due within one year

7

121,582

131,898

NET CURRENT ASSETS

398,965

343,174

TOTAL ASSETS LESS CURRENT LIABILITIES

442,013

389,836

CREDITORS

Amounts falling due after more than one
year

8

(24,636

)

(25,713

)

PROVISIONS FOR LIABILITIES

9

(3,045

)

(2,102

)

NET ASSETS

414,332

362,021

CAPITAL AND RESERVES

Called up share capital

10

51

Capital redemption reserve

11

100

Retained earnings

11

414,181

361,870

SHAREHOLDERS' FUNDS

414,332

362,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2025 and were signed by:

M J Basterfield - Director

1.	STATUTORY INFORMATION

Hutchinson Whitlam Associates 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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

33% on cost

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

90,000

AMORTISATION

At 1 September 2024

and 31 August 2025

90,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

57,432

Additions

5,461

Disposals

(137

)

At 31 August 2025

62,756

DEPRECIATION

At 1 September 2024

10,770

Charge for year

9,052

Eliminated on disposal

(114

)

At 31 August 2025

19,708

NET BOOK VALUE

At 31 August 2025

43,048

At 31 August 2024

46,662

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

162,248

126,576

Prepayments

14,592

12,823

176,840

139,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Hire purchase contracts

1,132

1,187

Trade creditors

14,288

11,939

Corporation tax

44,171

58,568

Social security and other taxes

1,969

4,094

VAT

35,170

32,043

Other creditors

15,082

14,442

Directors' current accounts

5,905

Accrued expenses

3,865

3,720

121,582

131,898

The directors loan accounts are interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

Hire purchase contracts

24,636

25,713

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

Deferred tax

Accelerated capital allowances

-

(9,344

)

Deferred tax

3,045

11,446

3,045

2,102

Deferred

tax

£

Balance at 1 September 2024

2,102

Charge to Income Statement during year

943

Balance at 31 August 2025

3,045

The deferred tax provision at the year end is wholly attributable to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

101

Ordinary

1

51

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 September 2024

361,870

100

361,970

Profit for the year

137,741

Dividends

(85,430

)

(85,430

)

At 31 August 2025

414,181

100

414,281

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £85,430 (2024 - £92,604) were paid to the directors .

During the period the assets and liabilities of LFS Engineering Limited, a company owned by the director, were purchased for a consideration of £4,353. The assets and liabilities were valued at fair value.