REGISTERED NUMBER: OC392720 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

J W HUGHES & CO LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J G Hendron

P B Kentish

R A Lewis

Miss A E Pari

J G Parry

REGISTERED OFFICE:

Bank House

Lancaster Square

Conwy

LL32 8AD

REGISTERED NUMBER:

OC392720 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Intangible assets

4

140,000

140,000

Tangible assets

5

6,629

18,457

146,629

158,457

CURRENT ASSETS

Stocks

30,400

31,298

Debtors

6

355,069

425,875

Cash in hand

130

130

385,599

457,303

CREDITORS

Amounts falling due within one year

7

179,748

186,411

NET CURRENT ASSETS

205,851

270,892

TOTAL ASSETS LESS CURRENT LIABILITIES

352,480

429,349

CREDITORS

Amounts falling due after more than one year

8

-

4,347

NET ASSETS ATTRIBUTABLE TO MEMBERS

352,480

425,002

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

288,480

361,002

MEMBERS' OTHER INTERESTS

Capital accounts

64,000

64,000

352,480

425,002

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

288,480

361,002

Members' other interests

64,000

64,000

352,480

425,002

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16 July 2026 and were signed by:

P B Kentish - Designated member

1.	STATUTORY INFORMATION

J W Hughes & Co LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 35 (2025 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

280,000

AMORTISATION

At 1 April 2025

and 31 March 2026

140,000

NET BOOK VALUE

At 31 March 2026

140,000

At 31 March 2025

140,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

231,470

DEPRECIATION

At 1 April 2025

213,013

Charge for year

11,828

At 31 March 2026

224,841

NET BOOK VALUE

At 31 March 2026

6,629

At 31 March 2025

18,457

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

268,753

340,532

Other debtors

86,316

85,343

355,069

425,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

27,405

20,890

Hire purchase contracts

5,101

12,545

Trade creditors

1,559

8,027

Taxation and social security

79,463

72,954

Other creditors

66,220

71,995

179,748

186,411

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,588

Hire purchase contracts

-

2,759

-

4,347

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.