Huttons Law Limited

Financial Statements for the Year Ended 31 May 2025

DIRECTORS:

T Agland

A Goode

REGISTERED OFFICE:

2 Scott Court

Cardiff

CF24 5HF

REGISTERED NUMBER:

09428833 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors 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 Directors 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 Huttons Law Limited for the year ended 31 May 2025 which comprise the Profit & Loss Account, 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Huttons Law Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Huttons Law Limited and state those matters that we have agreed to state to the Board of Directors of Huttons Law Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Huttons Law Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Huttons Law 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 Huttons Law Limited. You consider that Huttons Law 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 Huttons Law 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.

BPU Limited

Chartered Accountants

29 May 2026

FIXED ASSETS

Intangible assets

3

171,334

203,085

Tangible assets

4

247,300

301,218

418,634

504,303

CURRENT ASSETS

Work in progress

935,752

775,874

Debtors

5

158,151

110,105

Cash at bank

452,080

222,569

1,545,983

1,108,548

CREDITORS

Amounts falling due within one year

6

1,077,494

644,743

NET CURRENT ASSETS

468,489

463,805

TOTAL ASSETS LESS CURRENT LIABILITIES

887,123

968,108

CREDITORS

Amounts falling due after more than one year

7

(499,922

)

(503,599

)

PROVISIONS FOR LIABILITIES

(34,000

)

(27,600

)

NET ASSETS

353,201

436,909

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

353,199

436,907

SHAREHOLDERS' FUNDS

353,201

436,909

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

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

The directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

T Agland - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly 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

-

20% reducing balance

Motor vehicles

-

20% reducing balance

Work in progress

Income in respect of contracts of uninvoiced ongoing services is recognised by reference to the stage of completion at the year end. The amount of uninvoiced services is shown in the balance sheet as work in progress. Where work is undertaken on a no win no fee basis (also known as conditional fee arrangements) and the outcome is uncertain at the balance sheet date no conditional fee income is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 25 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

575,182

Additions

25,767

At 31 May 2025

600,949

AMORTISATION

At 1 June 2024

372,097

Amortisation for year

57,518

At 31 May 2025

429,615

NET BOOK VALUE

At 31 May 2025

171,334

At 31 May 2024

203,085

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

153,469

220,906

374,375

DEPRECIATION

At 1 June 2024

55,261

17,896

73,157

Charge for year

19,641

34,277

53,918

At 31 May 2025

74,902

52,173

127,075

NET BOOK VALUE

At 31 May 2025

78,567

168,733

247,300

At 31 May 2024

98,208

203,010

301,218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

131,249

79,020

Other debtors & prepayments

26,902

31,085

158,151

110,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

245,897

205,413

Hire purchase contracts

9,604

3,542

Taxes & social security costs

432,845

326,357

Other creditors & accruals

389,148

109,431

1,077,494

644,743

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

371,975

366,048

Hire purchase contracts

127,947

137,551

499,922

503,599

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

137,551

141,093

Bank loans

381,728

564,795

519,279

705,888

The hire purchase contracts are secured against the assets to which they relate. The bank loans are secured by a fixed and floating charge of the company's assets.

9.	OTHER FINANCIAL COMMITMENTS

The company had total financial commitments in respect of operating leases of £112,568 at the balance sheet date (2024 - £159,148).