Company registration number 4452409 (England and Wales)
HUGHES & CO DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
HUGHES & CO DESIGN LIMITED
CONTENTS
Page
Company information
1
Accountants' report
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HUGHES & CO DESIGN LIMITED
COMPANY INFORMATION
- 1 -
Directors
Edward Hughes
Joahnne Hughes
Company number
4452409
Registered office
Radco House
Gunn Lane
Moorside
Colchester
Essex
Accountants
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
HUGHES & CO DESIGN LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
212,572
220,343
Current assets
Stocks
12,000
11,400
Debtors
5
300,519
303,871
Cash at bank and in hand
3,154,244
2,815,740
3,466,763
3,131,011
Creditors: amounts falling due within one year
6
(584,623)
(620,744)
Net current assets
2,882,140
2,510,267
Total assets less current liabilities
3,094,712
2,730,610
Provisions for liabilities
(1,591)
-
0
Net assets
3,093,121
2,730,610
Capital and reserves
Called up share capital
7
245
245
Profit and loss reserves
3,092,876
2,730,365
Total equity
3,093,121
2,730,610
HUGHES & CO DESIGN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 3 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 January 2026 and are signed on its behalf by:
Edward Hughes
Director
Company registration number 4452409 (England and Wales)
HUGHES & CO DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
1
Accounting policies
Company information

Hughes & Co Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is Radco House, Gunn Lane, Moorside, Colchester, Essex.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years.
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents
Estimated useful life of 5 years.
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

HUGHES & CO DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
4% straight line on property
Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

HUGHES & CO DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

HUGHES & CO DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 9 (2024 - 10).

2025
2024
Number
Number
Total
9
10
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
120,000
105
120,105
Amortisation and impairment
At 1 August 2024 and 31 July 2025
120,000
105
120,105
Carrying amount
At 31 July 2025
-
0
-
0
-
0
At 31 July 2024
-
0
-
0
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2024 and 31 July 2025
211,860
88,704
300,564
Depreciation and impairment
At 1 August 2024
-
0
80,221
80,221
Depreciation charged in the year
5,650
2,121
7,771
At 31 July 2025
5,650
82,342
87,992
Carrying amount
At 31 July 2025
206,210
6,362
212,572
At 31 July 2024
211,860
8,483
220,343
HUGHES & CO DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
300,519
303,871
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
172,748
150,302
Corporation tax
169,552
114,564
Other taxation and social security
81,277
108,117
Other creditors
161,046
247,761
584,623
620,744
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
145
145
145
145
245
245
245
245
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Key management personnel
100,641
186,818
2025-07-31 2024-08-01 false false false 12 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Edward Hughes Joahnne Hughes 4452409 2024-08-01 2025-07-31 4452409 bus:Director1 2024-08-01 2025-07-31 4452409 bus:Director2 2024-08-01 2025-07-31 4452409 bus:RegisteredOffice 2024-08-01 2025-07-31 4452409 2025-07-31 4452409 2024-07-31 4452409 core:LandBuildings 2025-07-31 4452409 core:OtherPropertyPlantEquipment 2025-07-31 4452409 core:LandBuildings 2024-07-31 4452409 core:OtherPropertyPlantEquipment 2024-07-31 4452409 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 4452409 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 4452409 core:CurrentFinancialInstruments 2025-07-31 4452409 core:CurrentFinancialInstruments 2024-07-31 4452409 core:ShareCapital 2025-07-31 4452409 core:ShareCapital 2024-07-31 4452409 core:RetainedEarningsAccumulatedLosses 2025-07-31 4452409 core:RetainedEarningsAccumulatedLosses 2024-07-31 4452409 core:ShareCapitalOrdinaryShareClass1 2025-07-31 4452409 core:ShareCapitalOrdinaryShareClass1 2024-07-31 4452409 core:ShareCapitalOrdinaryShareClass2 2025-07-31 4452409 core:ShareCapitalOrdinaryShareClass2 2024-07-31 4452409 core:ShareCapitalOrdinaryShares 2025-07-31 4452409 core:ShareCapitalOrdinaryShares 2024-07-31 4452409 core:Goodwill 2024-08-01 2025-07-31 4452409 core:IntangibleAssetsOtherThanGoodwill 2024-08-01 2025-07-31 4452409 core:PatentsTrademarksLicencesConcessionsSimilar 2024-08-01 2025-07-31 4452409 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 4452409 core:FurnitureFittings 2024-08-01 2025-07-31 4452409 2023-08-01 2024-07-31 4452409 core:NetGoodwill 2024-07-31 4452409 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 4452409 2024-07-31 4452409 core:NetGoodwill 2025-07-31 4452409 core:IntangibleAssetsOtherThanGoodwill 2025-07-31 4452409 core:NetGoodwill 2024-07-31 4452409 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 4452409 core:LandBuildings 2024-07-31 4452409 core:OtherPropertyPlantEquipment 2024-07-31 4452409 core:LandBuildings 2024-08-01 2025-07-31 4452409 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 4452409 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 4452409 bus:OrdinaryShareClass2 2024-08-01 2025-07-31 4452409 bus:OrdinaryShareClass1 2025-07-31 4452409 bus:OrdinaryShareClass1 2024-07-31 4452409 bus:OrdinaryShareClass2 2025-07-31 4452409 bus:OrdinaryShareClass2 2024-07-31 4452409 bus:AllOrdinaryShares 2025-07-31 4452409 bus:AllOrdinaryShares 2024-07-31 4452409 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 4452409 bus:FRS102 2024-08-01 2025-07-31 4452409 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 4452409 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 4452409 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP