Stephen Hatton Limited - Filleted accounts


STEPHEN HATTON LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2026

































Company Registration Number: 06509731

STEPHEN HATTON LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

STEPHEN HATTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2026


DIRECTOR

S Hatton


SECRETARY

M Hatton


REGISTERED OFFICE

4 Witan Way
Witney
Oxon
OX28 6FF


COMPANY REGISTRATION NUMBER

06509731 England and Wales

STEPHEN HATTON LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Tangible assets	6		2,564		2,738

CURRENT ASSETS
Debtors	7	13,069		31,587
Cash at bank and in hand		45,687		27,583


		58,756		59,170

CREDITORS: Amounts falling due within one year	8	19,348		18,965
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			39,408		40,205


TOTAL ASSETS LESS CURRENT LIABILITIES			41,972		42,943

CREDITORS: Amounts falling due after more than one year	9		-		1,000
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			487		520


NET ASSETS			41,485		41,423


CAPITAL AND RESERVES
Called up share capital			1		1
Distributable profit and loss account			41,484		41,422


SHAREHOLDER'S FUNDS			41,485		41,423

STEPHEN HATTON LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




S Hatton
Director

Date approved by the board: 17 June 2026

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	Stephen Hatton Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	4 Witan Way
	Witney
	Oxon
	OX28 6FF

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of insulation engineering services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 10 years.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Motor vehicles					Reducing balance at 20% per annum
	Computer equipment					Straight line basis at 33% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Loans receivable are measured initially at fair value, net of transaction costs, and subsequently at amortised cost, less any impairment.


	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

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

		2026	2025
	Average number of employees	3	3

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


5	INTANGIBLE FIXED ASSETS
		Goodwill
		£
	Cost
	At 1 April 2025	36,000


	At 31 March 2026	36,000


	Accumulated amortisation and impairments
	At 1 April 2025	36,000


	At 31 March 2026	36,000


	Net book value
	At 1 April 2025	-


	At 31 March 2026	-


	Goodwill relates to the acquisition of a business, which was purchased on 20 February 2008. The goodwill was amortised over its useful economic life, estimated to be 10 years.

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


6	TANGIBLE ASSETS
		Motor vehicles	Computer equipment		Total
		£		£	£
	Cost
	At 1 April 2025	3,100		678	3,778

	Additions	-		517	517

	Disposals	-		(361)	(361)


	At 31 March 2026	3,100		834	3,934


	Accumulated depreciation
	At 1 April 2025	362		678	1,040

	Charge for year	548		143	691

	Disposals	-		(361)	(361)


	At 31 March 2026	910		460	1,370


	Net book value
	At 1 April 2025	2,738		-	2,738


	At 31 March 2026	2,190		374	2,564


7	DEBTORS
				2026	2025
				£	£
	Trade debtors			7,450	9,890
	Prepayments and accrued income			277	497
	Other debtors			5,342	21,200


				13,069	31,587

STEPHEN HATTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


8	CREDITORS: Amounts falling due within one year
				2026	2025
				£	£
	Bank loans and overdrafts			-	4,000
	Trade creditors			6,063	7,893
	Taxation and social security			8,885	3,737
	Accruals and deferred income			3,336	3,335
	Other creditors			1,064	-


				19,348	18,965


9	CREDITORS: Amounts falling due after more than one year
				2026	2025
				£	£
	Bank loans and overdrafts			-	1,000


10	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 April 2025	Amounts advanced	Amounts repaid	Balance at 31 March 2026
		£	£	£	£
	S Hatton	13,173	6,456	19,629	-

	Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.

11	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	S Hatton
	Director		2026	2025
			£	£
	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	1,063	-