Company Registration No. 03997297 (England and Wales)
M. Hughes And Sons (llandudno) Limited
Unaudited accounts
for the year ended 31 March 2025
M. Hughes And Sons (llandudno) Limited
Unaudited accounts
Contents
M. Hughes And Sons (llandudno) Limited
Company Information
for the year ended 31 March 2025
Directors
Tim Gull
Linda Kathleen O'neill
Secretary
Linda Kathleen O'Neill
Company Number
03997297 (England and Wales)
Registered Office
M Hughes & Sons Fruit & Veg
Site Quest Enterprise Parc Blackmarsh Ro
Colwyn Bay
Clwyd
LL28 5HA
Wales
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
M. Hughes And Sons (llandudno) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
73,941
46,446
Cash at bank and in hand
167,845
(855)
Creditors: amounts falling due within one year
(391,243)
(513,377)
Net current assets
510,320
386,849
Total assets less current liabilities
584,261
433,295
Creditors: amounts falling due after more than one year
(29,538)
(60,403)
Provisions for liabilities
Deferred tax
(18,486)
(11,612)
Net assets
536,237
361,280
Called up share capital
100
100
Profit and loss account
536,137
361,180
Shareholders' funds
536,237
361,280
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Linda Kathleen O'neill
Director
Company Registration No. 03997297
M. Hughes And Sons (llandudno) Limited
Notes to the Accounts
for the year ended 31 March 2025
M. Hughes And Sons (llandudno) Limited is a private company, limited by shares, registered in England and Wales, registration number 03997297. The registered office is M Hughes & Sons Fruit & Veg, Site Quest Enterprise Parc Blackmarsh Ro, Colwyn Bay, Clwyd, LL28 5HA, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
M. Hughes And Sons (llandudno) Limited
Notes to the Accounts
for the year ended 31 March 2025
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
97,972
5,495
169,485
25,426
298,378
Additions
-
33,885
10,340
-
44,225
At 31 March 2025
97,972
39,380
179,825
25,426
342,603
At 1 April 2024
97,972
5,082
129,457
19,421
251,932
Charge for the year
-
8,574
7,555
601
16,730
At 31 March 2025
97,972
13,656
137,012
20,022
268,662
At 31 March 2025
-
25,724
42,813
5,404
73,941
At 31 March 2024
-
413
40,028
6,005
46,446
M. Hughes And Sons (llandudno) Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
175,475
226,905
Accrued income and prepayments
16,125
15,128
Other debtors
440,254
565,071
Amounts falling due after more than one year
Other debtors
57,024
57,024
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
52,632
52,632
Obligations under finance leases and hire purchase contracts
6,697
-
Trade creditors
178,363
232,621
Taxes and social security
60,666
62,459
Other creditors
90,468
163,394
Loans from directors
184
184
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
21,766
-
9
Average number of employees
During the year the average number of employees was 21 (2024: 21).