Hood & Woolf Limited

Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	12,090	18,965
Current assets
Debtors	5	122,107	246,350
Cash at bank and in hand		439,151	680,847
		561,258	927,197
Creditors: Amounts falling due within one year	6	(83,085)	(48,386)
Net current assets		478,173	878,811
Total assets less current liabilities		490,263	897,776
Provisions for liabilities		-	(4,741)
Net assets		490,263	893,035
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		489,263	892,035
Shareholders' funds		490,263	893,035

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Hood & Woolf Limited

Statement of Financial Position as at 31 March 2026

Approved and authorised by the Board on 3 November 2026 and signed on its behalf by:
 

.........................................

S L Hood

Director

.........................................

B J Hood

Director

Company registration number: 09243592

Hood & Woolf Limited

Notes to the Financial Statements for the year ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Golden Cross House
8 Duncannon Street
London
WC2N 4JF

The principal activity of the company is that of communication and engagement consultancy support.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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

Going concern

The company made a loss for the year ended 31 March 2026 but had net assets at that date amounting to £490,263 including cash at bank of £439,151.

The directors expect that the company has sufficient working capital to continue to meet its liabilities as they fall due. After having made enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In view of the foregoing, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue over the period in which the consultancy services are delivered.

Hood & Woolf Limited

Notes to the Financial Statements for the year ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Straight line 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Hood & Woolf Limited

Notes to the Financial Statements for the year ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year was 6 (2025 - 8).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2025	39,905	39,905
Additions	1,828	1,828
Disposals	(4,420)	(4,420)
At 31 March 2026	37,313	37,313
Depreciation
At 1 April 2025	20,940	20,940
Charge for the year	8,133	8,133
Eliminated on disposal	(3,850)	(3,850)
At 31 March 2026	25,223	25,223
Carrying amount
At 31 March 2026	12,090	12,090
At 31 March 2025	18,965	18,965

Hood & Woolf Limited

Notes to the Financial Statements for the year ended 31 March 2026

5

Debtors

	2026 £	2025 £
Trade debtors	98,725	179,633
Other debtors	23,382	66,717
	122,107	246,350

6

Creditors

Creditors: amounts falling due within one year

		2026 £	2025 £
Trade creditors		12,509	12,856
Taxation and social security		21,586	26,265
Other creditors		48,990	9,265
		83,085	48,386

7	Financial commitments, guarantees and contingencies

The total future minimum lease payments under non-cancellable operating leases not included in the statement of financial position is £14,653 (2025 - £16,901).

8	Transactions with directors

At 31 March 2026 an amount of £11,469 (2025: £8,317) was due from the directors. During the year there were advances of £14,162 and repayments of £11,010 from directors. No interest is payable to the company and there are no agreed terms.