HUNTER ADAMS LIMITED

HUNTER ADAMS LIMITED

HUNTER ADAMS LIMITED - Company Information

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2021-01-012021-12-312021-12-31falseSC400734HUNTER ADAMS LIMITED2022-09-2978109iso4217:GBPxbrli:pureSC4007342021-01-01SC4007342021-12-31SC4007342021-01-012021-12-31SC4007342019-12-31SC4007342020-12-31SC4007342019-12-312020-12-31SC400734bus:SmallEntities2021-01-012021-12-31SC400734bus:AuditExempt-NoAccountantsReport2021-01-012021-12-31SC400734bus:FullAccounts2021-01-012021-12-31SC400734bus:PrivateLimitedCompanyLtd2021-01-012021-12-31SC400734core:WithinOneYear2021-12-31SC400734core:AfterOneYear2021-12-31SC400734core:WithinOneYear2020-12-31SC400734core:AfterOneYear2020-12-31SC400734core:ShareCapital2021-12-31SC400734core:SharePremium2021-12-31SC400734core:RevaluationReserve2021-12-31SC400734core:OtherReservesSubtotal2021-12-31SC400734core:RetainedEarningsAccumulatedLosses2021-12-31SC400734core:ShareCapital2020-12-31SC400734core:SharePremium2020-12-31SC400734core:RevaluationReserve2020-12-31SC400734core:OtherReservesSubtotal2020-12-31SC400734core:RetainedEarningsAccumulatedLosses2020-12-31SC400734core:LandBuildings2021-12-31SC400734core:PlantMachinery2021-12-31SC400734core:Vehicles2021-12-31SC400734core:FurnitureFittings2021-12-31SC400734core:OfficeEquipment2021-12-31SC400734core:NetGoodwill2021-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2021-12-31SC400734core:ListedExchangeTraded2021-12-31SC400734core:UnlistedNon-exchangeTraded2021-12-31SC400734core:LandBuildings2020-12-31SC400734core:PlantMachinery2020-12-31SC400734core:Vehicles2020-12-31SC400734core:FurnitureFittings2020-12-31SC400734core:OfficeEquipment2020-12-31SC400734core:NetGoodwill2020-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2020-12-31SC400734core:ListedExchangeTraded2020-12-31SC400734core:UnlistedNon-exchangeTraded2020-12-31SC400734core:LandBuildings2021-01-012021-12-31SC400734core:PlantMachinery2021-01-012021-12-31SC400734core:Vehicles2021-01-012021-12-31SC400734core:FurnitureFittings2021-01-012021-12-31SC400734core:OfficeEquipment2021-01-012021-12-31SC400734core:NetGoodwill2021-01-012021-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-31SC400734core:ListedExchangeTraded2021-01-012021-12-31SC400734core:UnlistedNon-exchangeTraded2021-01-012021-12-31SC400734core:MoreThanFiveYears2021-01-012021-12-31SC400734core:Non-currentFinancialInstruments2021-12-31SC400734core:Non-currentFinancialInstruments2020-12-31SC400734dpl:CostSales2021-01-012021-12-31SC400734dpl:DistributionCosts2021-01-012021-12-31SC400734dpl:AdministrativeExpenses2021-01-012021-12-31SC400734core:LandBuildings2021-01-012021-12-31SC400734core:PlantMachinery2021-01-012021-12-31SC400734core:Vehicles2021-01-012021-12-31SC400734core:FurnitureFittings2021-01-012021-12-31SC400734core:OfficeEquipment2021-01-012021-12-31SC400734core:NetGoodwill2021-01-012021-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-31SC400734dpl:GroupUndertakings2021-01-012021-12-31SC400734dpl:ParticipatingInterests2021-01-012021-12-31SC400734dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-31SC400734core:ListedExchangeTraded2021-01-012021-12-31SC400734dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-31SC400734core:UnlistedNon-exchangeTraded2021-01-012021-12-31SC400734dpl:CostSales2019-12-312020-12-31SC400734dpl:DistributionCosts2019-12-312020-12-31SC400734dpl:AdministrativeExpenses2019-12-312020-12-31SC400734core:LandBuildings2019-12-312020-12-31SC400734core:PlantMachinery2019-12-312020-12-31SC400734core:Vehicles2019-12-312020-12-31SC400734core:FurnitureFittings2019-12-312020-12-31SC400734core:OfficeEquipment2019-12-312020-12-31SC400734core:NetGoodwill2019-12-312020-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2019-12-312020-12-31SC400734dpl:GroupUndertakings2019-12-312020-12-31SC400734dpl:ParticipatingInterests2019-12-312020-12-31SC400734dpl:GroupUndertakingscore:ListedExchangeTraded2019-12-312020-12-31SC400734core:ListedExchangeTraded2019-12-312020-12-31SC400734dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-12-312020-12-31SC400734core:UnlistedNon-exchangeTraded2019-12-312020-12-31SC400734core:NetGoodwill2021-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2021-12-31SC400734core:LandBuildings2021-12-31SC400734core:PlantMachinery2021-12-31SC400734core:Vehicles2021-12-31SC400734core:FurnitureFittings2021-12-31SC400734core:OfficeEquipment2021-12-31SC400734core:AfterOneYear2021-12-31SC400734core:WithinOneYear2021-12-31SC400734core:ListedExchangeTraded2021-12-31SC400734core:UnlistedNon-exchangeTraded2021-12-31SC400734core:ShareCapital2021-12-31SC400734core:SharePremium2021-12-31SC400734core:RevaluationReserve2021-12-31SC400734core:OtherReservesSubtotal2021-12-31SC400734core:RetainedEarningsAccumulatedLosses2021-12-31SC400734core:NetGoodwill2020-12-31SC400734core:IntangibleAssetsOtherThanGoodwill2020-12-31SC400734core:LandBuildings2020-12-31SC400734core:PlantMachinery2020-12-31SC400734core:Vehicles2020-12-31SC400734core:FurnitureFittings2020-12-31SC400734core:OfficeEquipment2020-12-31SC400734core:AfterOneYear2020-12-31SC400734core:WithinOneYear2020-12-31SC400734core:Liste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HUNTER ADAMS LIMITED

Registered Number
SC400734
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2021

HUNTER ADAMS LIMITED
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

Dean Hunter
Jennifer Marnoch

Registered Address

13 Rubislaw Terrace
Aberdeen
AB10 1XE

Registered Number

SC400734 (Scotland)
HUNTER ADAMS LIMITED
Balance Sheet as at
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Intangible assets597,955114,427
Tangible assets650,67169,222
148,626183,649
Current assets
Stocks80,45218,673
Debtors7901,802969,297
Cash at bank and on hand601,135538,029
1,583,3891,525,999
Creditors amounts falling due within one year8(605,297)(688,521)
Net current assets (liabilities)978,092837,478
Total assets less current liabilities1,126,7181,021,127
Provisions for liabilities(8,537)(11,823)
Net assets1,118,1811,009,304
Capital and reserves
Called up share capital11
Profit and loss account1,118,1801,009,303
Shareholders' funds1,118,1811,009,304
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2022, and are signed on its behalf by:
Dean Hunter
Director
Registered Company No. SC400734
HUNTER ADAMS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings3
Fixtures and fittings7
Office Equipment3
Intangible assets policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.
Stocks policy
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 policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Research and development policy
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.
Leases policy
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Employee benefits policy
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
4.Employee information

20212020
Average number of employees during the year3240
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 21361,456361,456
Additions2,2522,252
At 31 December 21363,708363,708
Amortisation and impairment
At 01 January 21247,029247,029
Charge for year18,72418,724
At 31 December 21265,753265,753
Net book value
At 31 December 2197,95597,955
At 31 December 20114,427114,427
6.Property, plant and equipment

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2159,56723,093186,045268,705
Additions--6,0626,062
Disposals--(416)(416)
At 31 December 2159,56723,093191,691274,351
Depreciation and impairment
At 01 January 2159,56719,888120,028199,483
Charge for year-1,22423,38924,613
On disposals--(416)(416)
At 31 December 2159,56721,112143,001223,680
Net book value
At 31 December 21-1,98148,69050,671
At 31 December 20-3,20566,01769,222
7.Debtors

2021

2020

££
Trade debtors / trade receivables834,173902,744
Other debtors35,22633,376
Prepayments and accrued income32,40333,177
Total901,802969,297
8.Creditors within one year

2021

2020

££
Trade creditors / trade payables179,686163,018
Taxation and social security297,996405,203
Other creditors67,12265,303
Accrued liabilities and deferred income60,49354,997
Total605,297688,521