Hutchinson Financial Planning Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05190618 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st July 2025

for

Hutchinson Financial Planning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

R E Hutchinson

REGISTERED OFFICE:

29a Crown Street

Brentwood

Essex

CM14 4BA

REGISTERED NUMBER:

05190618 (England and Wales)

ACCOUNTANTS:

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

FIXED ASSETS

Intangible assets

4

282,650

390,638

Tangible assets

5

2,899

2,977

285,549

393,615

CURRENT ASSETS

Debtors

6

41,687

46,088

Cash at bank

1,384

584

43,071

46,672

CREDITORS

Amounts falling due within one year

7

142,812

157,955

NET CURRENT LIABILITIES

(99,741

)

(111,283

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

185,808

282,332

CREDITORS

Amounts falling due after more than one
year

8

185,604

281,642

NET ASSETS

204

690

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

104

590

204

690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16th January 2026 and were signed by:

R E Hutchinson - Director

1.	STATUTORY INFORMATION

Hutchinson Financial Planning 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.

Revenue recognition

Revenue is recognised based on commissions and fees receivable by the company during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2013, 2018, 2019 and 2023, is being amortised over its estimated useful life of ten 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

-

20% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2024

and 31st July 2025

1,079,876

AMORTISATION

At 1st August 2024

689,238

Charge for year

107,988

At 31st July 2025

797,226

NET BOOK VALUE

At 31st July 2025

282,650

At 31st July 2024

390,638

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st August 2024

10,152

Additions

647

At 31st July 2025

10,799

DEPRECIATION

At 1st August 2024

7,175

Charge for year

725

At 31st July 2025

7,900

NET BOOK VALUE

At 31st July 2025

2,899

At 31st July 2024

2,977

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

25,558

13,681

Other debtors

16,129

32,407

41,687

46,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

86,162

77,656

Trade creditors

4,955

2,767

Taxation and social security

46,616

70,636

Other creditors

5,079

6,896

142,812

157,955

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans

185,604

281,642

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.25

31.7.24

£

Within one year

8,100

16,200

Between one and five years

-

8,100

24,300

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

Bank and other loans

271,766

362,814

The bank loan facilities are secured by way of fixed charge and floating charge against the company's property and assets. The director, Mr R Hutchinson, has provided personal guarantees in respect of these bank loan facilities.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2025 and 31st July 2024:

31.7.25

31.7.24

£

R E Hutchinson

Balance outstanding at start of year

22,495

19,627

Amounts advanced

-

2,868

Amounts repaid

(11,667

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,828

22,495

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hutchinson Financial Planning Limited for the year ended 31st July 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hutchinson Financial Planning Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hutchinson Financial Planning Limited and state those matters that we have agreed to state to the director of Hutchinson Financial Planning Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hutchinson Financial Planning Limited and its director for our work or for this report.

It is your duty to ensure that Hutchinson Financial Planning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hutchinson Financial Planning Limited. You consider that Hutchinson Financial Planning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hutchinson Financial Planning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

16th January 2026