REGISTERED NUMBER: 10772944 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Haines Watts Wolverhampton Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Hopwood

M J Baker FCA

REGISTERED OFFICE:

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

REGISTERED NUMBER:

10772944 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,281,358

1,350,065

Tangible assets

5

31,988

22,470

Investments

6

100

100

1,313,446

1,372,635

CURRENT ASSETS

Debtors

7

358,878

393,927

Cash at bank and in hand

165

23,268

359,043

417,195

CREDITORS

Amounts falling due within one year

8

559,279

692,936

NET CURRENT LIABILITIES

(200,236

)

(275,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,113,210

1,096,894

CREDITORS

Amounts falling due after more than one year

9

(381,015

)

(431,956

)

PROVISIONS FOR LIABILITIES

(7,750

)

(5,500

)

NET ASSETS

724,445

659,438

CAPITAL AND RESERVES

Called up share capital

11

559

559

Retained earnings

723,886

658,879

SHAREHOLDERS' FUNDS

724,445

659,438

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

G T Hopwood - Director

1.	STATUTORY INFORMATION

Haines Watts Wolverhampton 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover represents the fair value of the consideration receivable in respect of professional services provided, inclusive of recoverable expenses incurred on client assignments but excluding Value Added Tax.

Unbilled amounts for client work relates to amounts recoverable on completed work where the fee has yet to be issued and are stated at cost plus profit recognised to date less provision for foreseeable losses and net of amounts billed on account. This is included in trade debtors.

Goodwill

Goodwill is initially measured at cost. The directors consider the goodwill to be of an enduring nature and so no amortisation is applied. However the carrying value of goodwill is reviewed annually for impairment.

Tangible fixed assets

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

Improvements to property

-

Over the life of the lease

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. 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 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.

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 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

1,350,065

Additions

(68,707

)

At 31 March 2025

1,281,358

NET BOOK VALUE

At 31 March 2025

1,281,358

At 31 March 2024

1,350,065

On 1st July 2018 the company acquired the goodwill, fixed and current assets and undertaking of Haines Watts, a partnership in which the directors had an interest.

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

73,136

2,226

26,531

101,893

Additions

-

-

27,111

27,111

At 31 March 2025

73,136

2,226

53,642

129,004

DEPRECIATION

At 1 April 2024

60,313

1,905

17,205

79,423

Charge for year

12,823

321

4,449

17,593

At 31 March 2025

73,136

2,226

21,654

97,016

NET BOOK VALUE

At 31 March 2025

-

-

31,988

31,988

At 31 March 2024

12,823

321

9,326

22,470

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

273,388

324,665

Amounts owed by group undertakings

48,856

34,830

Other debtors

36,634

34,432

358,878

393,927

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,409

12,528

Trade creditors

27,107

45,494

Taxation and social security

178,630

155,693

Other creditors

343,133

479,221

559,279

692,936

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

381,015

431,956

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Secured loans amount to

160,047

198,751

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

199

Ordinary A

£1

199

199

160

Ordinary B

£1

160

160

200

Ordinary C

£1

200

200

559

559