Company registration number 03404361 (England and Wales)
HOWELLS ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HOWELLS ASSOCIATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HOWELLS ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
18,111
20,290
Investments
6
52,831
96,691
70,942
116,981
Current assets
Debtors
7
214,649
301,943
Cash at bank and in hand
399,333
209,081
613,982
511,024
Creditors: amounts falling due within one year
8
(589,256)
(577,639)
Net current assets/(liabilities)
24,726
(66,615)
Total assets less current liabilities
95,668
50,366
Creditors: amounts falling due after more than one year
9
(8,802)
(19,167)
Net assets
86,866
31,199
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
86,766
31,099
Total equity
86,866
31,199
HOWELLS ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 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 30 April 2026 and are signed on its behalf by:
A Hall
Director
Company registration number 03404361 (England and Wales)
HOWELLS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Howells Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 21 Hornbeam Square South, Hornbeam Park, Harrogate, HG2 8NB.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.2
Revenue

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
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:

Research & development
33.33% on cost
1.4
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:

Fixtures and fittings
25% on cost
Computers
25% on cost
HOWELLS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.5
Fixed asset investments

Listed investments are stated at market value as at the period end date. Based on the mid market price provided by the investment manager. The gain or loss on changes in market vale are credited/debited to the profit and loss.

1.6
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.

1.7
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.

1.8
Retirement benefits

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

1.9
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

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
Employees

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

2025
2024
Number
Number
Total
15
14
HOWELLS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Intangible fixed assets
Research & development
£
Cost
At 1 January 2025 and 31 December 2025
36,813
Amortisation and impairment
At 1 January 2025 and 31 December 2025
36,813
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
45,648
Additions
5,014
At 31 December 2025
50,662
Depreciation and impairment
At 1 January 2025
25,358
Depreciation charged in the year
7,193
At 31 December 2025
32,551
Carrying amount
At 31 December 2025
18,111
At 31 December 2024
20,290
6
Fixed asset investments
2025
2024
£
£
Listed investments
52,831
96,691
Fixed asset investments revalued

Listed investments are recognised at market value at the balance sheet date.

HOWELLS ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
96,691
Additions
12,781
Valuation changes
2,763
Disposals
(59,404)
At 31 December 2025
52,831
Carrying amount
At 31 December 2025
52,831
At 31 December 2024
96,691
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
162,284
254,521
Other debtors
52,365
47,422
214,649
301,943
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,660
38,622
Taxation and social security
133,060
112,713
Other creditors
446,536
426,304
589,256
577,639
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8,802
19,167
10
Parent company

The company is controlled by Cytec Solutions No 2 Company Limited, its ultimate holding company.

2025-12-31 2025-01-01 false false false 30 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity M Arkwright A Walsh C Howells A Hall J Bowles J N M Chinn R J Nelson 03404361 2025-01-01 2025-12-31 03404361 2025-12-31 03404361 2024-12-31 03404361 core:OtherPropertyPlantEquipment 2025-12-31 03404361 core:OtherPropertyPlantEquipment 2024-12-31 03404361 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 03404361 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03404361 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 03404361 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 03404361 core:CurrentFinancialInstruments 2025-12-31 03404361 core:CurrentFinancialInstruments 2024-12-31 03404361 core:ShareCapital 2025-12-31 03404361 core:ShareCapital 2024-12-31 03404361 core:RetainedEarningsAccumulatedLosses 2025-12-31 03404361 core:RetainedEarningsAccumulatedLosses 2024-12-31 03404361 bus:Director4 2025-01-01 2025-12-31 03404361 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 03404361 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 03404361 core:FurnitureFittings 2025-01-01 2025-12-31 03404361 core:ComputerEquipment 2025-01-01 2025-12-31 03404361 2024-01-01 2024-12-31 03404361 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 03404361 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 03404361 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 03404361 core:OtherPropertyPlantEquipment 2024-12-31 03404361 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 03404361 core:Non-currentFinancialInstruments 2025-12-31 03404361 core:Non-currentFinancialInstruments 2024-12-31 03404361 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03404361 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03404361 bus:FRS102 2025-01-01 2025-12-31 03404361 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 03404361 bus:Director1 2025-01-01 2025-12-31 03404361 bus:Director2 2025-01-01 2025-12-31 03404361 bus:Director3 2025-01-01 2025-12-31 03404361 bus:Director5 2025-01-01 2025-12-31 03404361 bus:Director6 2025-01-01 2025-12-31 03404361 bus:Director7 2025-01-01 2025-12-31 03404361 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP