Hunter Adams Limited - Accounts to registrar (filleted) - small 18.2
Hunter Adams Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 30 December 2019 |
| for |
| Hunter Adams Limited |
| Hunter Adams Limited (Registered number: SC400734) |
| Contents of the Financial Statements |
| for the Year Ended 30 December 2019 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Hunter Adams Limited |
| Company Information |
| for the Year Ended 30 December 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| H5, Newark Business Park |
| Newark Road South |
| Glenrothes |
| Fife |
| KY7 4NS |
| Hunter Adams Limited (Registered number: SC400734) |
| Report of the Director |
| for the Year Ended 30 December 2019 |
| The director presents his report with the financial statements of the company for the year ended 30 December 2019. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| Hunter Adams Limited (Registered number: SC400734) |
| Balance Sheet |
| 30 December 2019 |
| 30.12.19 | 30.12.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 | 138,241 |
| Tangible assets | 5 | 61,421 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 966,372 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Hunter Adams Limited (Registered number: SC400734) |
| Balance Sheet - continued |
| 30 December 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Hunter Adams Limited (Registered number: SC400734) |
| Notes to the Financial Statements |
| for the Year Ended 30 December 2019 |
| 1. | STATUTORY INFORMATION |
| Hunter Adams Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Intangible assets |
| Development expenditure is capitalised when eligible costs are incurred. The resulting intangible asset is amortised over three years or five years, depending on the nature of the project, once the commercial production in respect of these costs has commenced. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Fixed assets are stated at cost, being purchase price less accumulated depreciation. |
| Work in progress |
| Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed. |
| 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. |
| Hunter Adams Limited (Registered number: SC400734) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 December 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Development |
| Goodwill | costs | Totals |
| £ | £ | £ |
| COST |
| At 31 December 2018 |
| Additions |
| At 30 December 2019 |
| AMORTISATION |
| At 31 December 2018 |
| Amortisation for year |
| At 30 December 2019 |
| NET BOOK VALUE |
| At 30 December 2019 |
| At 30 December 2018 |
| Hunter Adams Limited (Registered number: SC400734) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 December 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 31 December 2018 |
| Additions |
| At 30 December 2019 |
| DEPRECIATION |
| At 31 December 2018 |
| Charge for year |
| At 30 December 2019 |
| NET BOOK VALUE |
| At 30 December 2019 |
| At 30 December 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.12.19 | 30.12.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.12.19 | 30.12.18 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Directors' loan accounts |
| Accruals |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.12.19 | 30.12.18 |
| £ | £ |
| Within one year |
| Between one and five years |
| Hunter Adams Limited (Registered number: SC400734) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 December 2019 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.12.19 | 30.12.18 |
| value: | £ | £ |
| Ordinary | 0.00001 | 1 | 1 |