HW BEDFORD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Di Lorenzo FCCA

A Di Lorenzo FCA

S B Di Lorenzo ACA

P I Gurney FCCA

REGISTERED OFFICE:

First Floor Woburn Court

2 Railton Road

Kempston

Bedford

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

14185997 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,020,000

1,100,000

Tangible assets

5

17,953

18,220

Investments

6

300

300

1,038,253

1,118,520

CURRENT ASSETS

Debtors

7

550,888

441,798

Cash at bank and in hand

167,302

296,780

718,190

738,578

CREDITORS

Amounts falling due within one year

8

611,753

557,953

NET CURRENT ASSETS

106,437

180,625

TOTAL ASSETS LESS CURRENT LIABILITIES

1,144,690

1,299,145

CREDITORS

Amounts falling due after more than one year

9

981,133

1,158,759

NET ASSETS

163,557

140,386

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

163,457

140,286

SHAREHOLDERS' FUNDS

163,557

140,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2026 and were signed on its behalf by:

P I Gurney FCCA - Director

E Di Lorenzo FCCA - Director

1.	STATUTORY INFORMATION

HW Bedford Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts invoiced, net of value added tax, in respect of the provision of services to clients, commissions and other trading income, plus the value , recognised to the stage of completion, of other work undertaken in the period but not invoiced at the period end. Revenue not billed is included in debtors as amounts recoverable on contracts.

Goodwill

Purchased goodwill is capitalised, classified as an asset on the balance sheet and amortised over its estimated useful economic life of 15 years. 15 years has been chosen as a reasonable period reflective of the income streams arising from the asset.

Goodwill is reviewed for impairment at the end of each financial period.

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.

Office equipment

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2025 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2025

1,200,000

Additions

4,500

At 31st March 2026

1,204,500

AMORTISATION

At 1st April 2025

100,000

Amortisation for year

84,500

At 31st March 2026

184,500

NET BOOK VALUE

At 31st March 2026

1,020,000

At 31st March 2025

1,100,000

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1st April 2025

25,317

Additions

6,877

Disposals

(1,600

)

At 31st March 2026

30,594

DEPRECIATION

At 1st April 2025

7,097

Charge for year

6,075

Eliminated on disposal

(531

)

At 31st March 2026

12,641

NET BOOK VALUE

At 31st March 2026

17,953

At 31st March 2025

18,220

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1st April 2025

and 31st March 2026

300

NET BOOK VALUE

At 31st March 2026

300

At 31st March 2025

300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

449,861

318,708

Doubtful debt provision

(4,209

)

(15,100

)

Amounts recoverable on contract

62,750

104,001

Prepayments and accrued income

42,486

34,189

550,888

441,798

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

183,255

34,718

Amounts owed to participating interests

-

1,056

Corporation tax

133,900

155,162

Social security and other taxes

18,876

15,814

VAT

83,350

78,184

Other creditors

6,088

8,916

Credit card liability

2,831

1,826

Directors' current accounts

5,000

10,000

Accrued expenses

117,911

185,004

Deferred income

60,542

67,273

611,753

557,953

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

125,120

182,619

Directors' loan accounts

856,013

976,140

981,133

1,158,759

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

32,000

32,000

Between one and five years

24,000

56,000

56,000

88,000