REGISTERED NUMBER: 08898879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CRESSWELLS ACCOUNTANTS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Vine

J Dakin

Mrs S L Helliwell

REGISTERED OFFICE:

12 Market Street

Hebden Bridge

HX7 6AD

REGISTERED NUMBER:

08898879 (England and Wales)

FIXED ASSETS

Intangible assets

4

527,055

584,805

Tangible assets

5

317,783

328,103

Investments

6

1

1

844,839

912,909

CURRENT ASSETS

Debtors

7

716,833

645,288

Cash at bank and in hand

188,565

260,228

905,398

905,516

CREDITORS

Amounts falling due within one year

8

345,367

381,796

NET CURRENT ASSETS

560,031

523,720

TOTAL ASSETS LESS CURRENT LIABILITIES

1,404,870

1,436,629

CREDITORS

Amounts falling due after more than one year

9

1,272,183

1,290,257

NET ASSETS

132,687

146,372

CAPITAL AND RESERVES

Called up share capital

378

378

Retained earnings

132,309

145,994

SHAREHOLDERS' FUNDS

132,687

146,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd December 2025 and were signed on its behalf by:

Mrs S L Helliwell - Director

J Dakin - Director

1.	STATUTORY INFORMATION

Cresswells Accountants (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 amounts chargeable to clients for professional services provided during the year, including direct costs and excluding value added tax.

Turnover is recognised when a right to consideration has been obtained in exchange for performance of contractual obligations. Consideration accrues on the basis of the time spent.

To the extent that turnover is recognised on services for which an invoice has not yet been raised, it is included in debtors as "amounts recoverable on contracts".

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in 2014 and 2015, is being amortised evenly over their estimated useful lives of between four and twenty years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

between 3 and 5 years

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 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.

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 23 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

1,179,580

AMORTISATION

At 1st April 2024

594,775

Amortisation for year

57,750

At 31st March 2025

652,525

NET BOOK VALUE

At 31st March 2025

527,055

At 31st March 2024

584,805

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

335,385

5,055

24,372

54,665

419,477

Additions

-

915

-

321

1,236

At 31st March 2025

335,385

5,970

24,372

54,986

420,713

DEPRECIATION

At 1st April 2024

31,168

1,298

15,116

43,792

91,374

Charge for year

6,712

533

1,388

2,923

11,556

At 31st March 2025

37,880

1,831

16,504

46,715

102,930

NET BOOK VALUE

At 31st March 2025

297,505

4,139

7,868

8,271

317,783

At 31st March 2024

304,217

3,757

9,256

10,873

328,103

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

1

NET BOOK VALUE

At 31st March 2025

1

At 31st March 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

354,826

366,275

Amounts recoverable on contract

354,359

265,381

Other debtors

7,648

13,632

716,833

645,288

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

24,141

21,755

Trade creditors

77

(3,977

)

Taxation and social security

197,953

210,987

Other creditors

123,196

153,031

345,367

381,796

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

93,290

113,782

Other creditors

1,178,893

1,176,475

1,272,183

1,290,257

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

15,873

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

115,044

135,537