Company registration number 01032552 (England and Wales)
CALLAWAY SYKES ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CALLAWAY SYKES ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
CALLAWAY SYKES ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
3,937
11,033
Current assets
Debtors
6
17,225
10,278
Cash at bank and in hand
94,303
107,940
111,528
118,218
Creditors: amounts falling due within one year
7
(27,303)
(21,677)
Net current assets
84,225
96,541
Net assets
88,162
107,574
Capital and reserves
Called up share capital
2,160
2,160
Profit and loss reserves
86,002
105,414
Total equity
88,162
107,574

The notes on pages 3 to 5 form part of these financial statements.

For the financial year ended 31 March 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 18 March 2026 and are signed on its behalf by:
Mr R J Sykes
Director
Company registration number 01032552 (England and Wales)
CALLAWAY SYKES ASSOCIATES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
2,160
116,193
118,353
Year ended 31 March 2024:
Profit and total comprehensive income
-
28,525
28,525
Dividends
-
(39,304)
(39,304)
Balance at 31 March 2024
2,160
105,414
107,574
Year ended 31 March 2025:
Profit and total comprehensive income
-
35,593
35,593
Dividends
-
(55,005)
(55,005)
Balance at 31 March 2025
2,160
86,002
88,162

The notes on pages 3 to 5 form part of these financial statements.

CALLAWAY SYKES ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Callaway Sykes Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 56 New Writtle Street, Chelmsford, Essex, United Kingdom, CM2 0SE.

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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the fair value of commissions on a non-indemnity basis and fees received in respect of life and pension policies and investment advice.

1.3
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.

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:

Plant and equipment
33% straight line
Fixtures and fittings
25% on 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.

1.4
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.

1.5
Retirement benefits

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

CALLAWAY SYKES ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Leasing commitments
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of owned tangible fixed assets
9,452
4,953
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
10
CALLAWAY SYKES ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
57,254
Additions
2,356
At 31 March 2025
59,610
Depreciation and impairment
At 1 April 2024
46,221
Depreciation charged in the year
9,452
At 31 March 2025
55,673
Carrying amount
At 31 March 2025
3,937
At 31 March 2024
11,033
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1
(1)
Amounts owed by group undertakings
5,488
(2,312)
Other debtors
11,736
12,591
17,225
10,278
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
17,671
9,789
Other taxation and social security
3,416
3,144
Other creditors
6,216
8,744
27,303
21,677
8
Other Financial Commitments
The company has financial commitments of £4,262 in relation to a non cancellable lease agreement in respect of a motor vehicle.
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