REGISTERED NUMBER: OC395404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HYSONS ACCOUNTANTS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

P J Antrobus

M Hyson

REGISTERED OFFICE:

14 London Street

Andover

Hampshire

SP10 2PA

REGISTERED NUMBER:

OC395404 (England and Wales)

BANKERS:

NatWest Bank plc

9 Bridge Street

Andover

Hampshire

SP10 1BD

FIXED ASSETS

Intangible assets

5

450,000

450,000

Tangible assets

6

10,814

9,216

460,814

459,216

CURRENT ASSETS

Stocks

181,556

165,574

Debtors

7

220,603

217,552

Cash in hand

4,654

3,438

406,813

386,564

CREDITORS

Amounts falling due within one year

8

353,183

303,039

NET CURRENT ASSETS

53,630

83,525

TOTAL ASSETS LESS CURRENT LIABILITIES

514,444

542,741

CREDITORS

Amounts falling due after more than one year

9

27,768

68,416

NET ASSETS ATTRIBUTABLE TO MEMBERS

486,676

474,325

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

12,351

-

MEMBERS' OTHER INTERESTS

Capital accounts

474,325

474,325

486,676

474,325

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

12,351

-

Members' other interests

474,325

474,325

Amounts due from members

7

-

(14,036

)

486,676

460,289

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 December 2025 and were signed by:

P J Antrobus - Designated member

1.	STATUTORY INFORMATION

Hysons Accountants LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

2.	STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is the amount derived from ordinary activities and stated net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, has not been amortised. An impairment review is carried out at the balance sheet date instead. This represents a departure from the requirements of FRS 102 in order for the financial statements to show a true and fair view. The members consider that the amortisation of the goodwill would not give a true and fair view as it would write off the value of the established brand and client base. If goodwill was amortised over the presumed period of ten years, it would have a carrying value of £nil (2024 - £nil).

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, has been fully amortised in the year of acquisition.

Goodwill generated by the restructure in 2022 has not been amortised. An impairment review is carried out at the balance sheet date instead. This represents a departure from the requirements of FRS 102 in order for the financial statements to show a true and fair view. The members consider that the amortisation of the goodwill would not give a true and fair view as it would write off the value of the established brand and client base. If goodwill was amortised over the presumed period of ten years, it would have a carrying value of £105,000 (2024 - £120,000).

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 16 (2024 - 16 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

520,000

15,300

535,300

AMORTISATION

At 1 April 2024

and 31 March 2025

70,000

15,300

85,300

NET BOOK VALUE

At 31 March 2025

450,000

-

450,000

At 31 March 2024

450,000

-

450,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

36,086

Additions

5,113

At 31 March 2025

41,199

DEPRECIATION

At 1 April 2024

26,870

Charge for year

3,515

At 31 March 2025

30,385

NET BOOK VALUE

At 31 March 2025

10,814

At 31 March 2024

9,216

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

196,355

185,472

Other debtors

24,248

32,080

220,603

217,552

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

134,213

97,751

Trade creditors

57,668

38,909

Taxation and social security

91,671

92,946

Other creditors

69,631

73,433

353,183

303,039

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,082

12,730

Other creditors

25,686

55,686

27,768

68,416

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) rank equally with other unsecured creditors in the event of a winding up. Members shall not not withdraw or receive back any part of the sum credited their capital account unless agreed by the members at an meeting convened in accordance with the LLP Agreement.

11.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by the members.