REGISTERED NUMBER: 04378014 (England and Wales)

Unaudited Financial Statements for the Year Ended 26 February 2025

for

Hughes Removals Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M P Hughes

SECRETARY:

Mrs S A Hughes

REGISTERED OFFICE:

Stonelea

Station Road

Shipton By Beningbrough

York

YO30 1BT

REGISTERED NUMBER:

04378014 (England and Wales)

ACCOUNTANTS:

Northern Tonic Limited

14 Clifton Moor Business Village

James Nicolson Link

York

YO30 4XG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

72,738

93,444

72,738

93,444

CURRENT ASSETS

Debtors

6

140,517

107,739

Cash at bank and in hand

240,347

290,595

380,864

398,334

CREDITORS

Amounts falling due within one year

7

80,553

77,893

NET CURRENT ASSETS

300,311

320,441

TOTAL ASSETS LESS CURRENT LIABILITIES

373,049

413,885

CREDITORS

Amounts falling due after more than one year

8

(11,070

)

(22,797

)

PROVISIONS FOR LIABILITIES

(18,185

)

(24,561

)

NET ASSETS

343,794

366,527

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

343,694

366,427

343,794

366,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2025 and were signed by:

M P Hughes - Director

1.	STATUTORY INFORMATION

Hughes Removals Ltd 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.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:

the amount can be reliably measured;

it is probable that future economic benefits will flow to the company; and

specific criteria have been met for each of the company's activities.

Goodwill

Goodwill arising on the acquisition of an entity has now been completed amortised over a period of ten years from the acquisition.

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 reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 27 February 2024

and 26 February 2025

15,000

AMORTISATION

At 27 February 2024

and 26 February 2025

15,000

NET BOOK VALUE

At 26 February 2025

-

At 26 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 27 February 2024

and 26 February 2025

308,285

DEPRECIATION

At 27 February 2024

214,841

Charge for year

20,706

At 26 February 2025

235,547

NET BOOK VALUE

At 26 February 2025

72,738

At 26 February 2024

93,444

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.2.25

26.2.24

£

£

Trade debtors

87,193

38,817

Other debtors

53,324

68,922

140,517

107,739

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

26.2.25

26.2.24

£

£

Bank loans and overdrafts

9,808

10,018

Hire purchase contracts

2,130

3,443

Trade creditors

10,069

4,279

Taxation and social security

55,644

57,375

Other creditors

2,902

2,778

80,553

77,893

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

26.2.25

26.2.24

£

£

Bank loans

11,070

20,667

Hire purchase contracts

-

2,130

11,070

22,797

9.	OTHER FINANCIAL COMMITMENTS

The total amount of property leasing commitments not included in the balance sheet is £155,250 (2024 £236,250).