Hunters Plantweld Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10164932 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 May 2022

for

Hunters Plantweld Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Robbie George Hunter

REGISTERED OFFICE:

Mill Hill Industrial Estate

Mill Hill Street

Bolton

Greater Manchester

BL2 2AB

REGISTERED NUMBER:

10164932 (England and Wales)

ACCOUNTANTS:

Mike Egan & Co Limited

Chartered Accountants

168 Lee Lane

Horwich

Bolton

Lancashire

BL6 7AF

FIXED ASSETS

Intangible assets

4

10,000

10,000

Tangible assets

5

239,369

110,119

249,369

120,119

CURRENT ASSETS

Debtors

6

85,238

37,188

Cash at bank

7

80,460

28,453

165,698

65,641

CREDITORS

Amounts falling due within one year

8

(145,094

)

(81,518

)

NET CURRENT ASSETS/(LIABILITIES)

20,604

(15,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

269,973

104,242

CREDITORS

Amounts falling due after more than one year

9

(204,265

)

(92,459

)

NET ASSETS

65,708

11,783

CAPITAL AND RESERVES

Called up share capital

11,783

1

Retained earnings

53,925

11,782

65,708

11,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2023 and were signed by:

Mr Robbie George Hunter - Director

1.	STATUTORY INFORMATION

Hunters Plantweld 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.

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

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 7 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 May 2021

and 30 May 2022

10,000

NET BOOK VALUE

At 30 May 2022

10,000

At 30 May 2021

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 May 2021

126,657

1,229

25,700

914

154,500

Additions

162,885

3,479

28,830

860

196,054

Disposals

(34,500

)

-

(3,500

)

-

(38,000

)

At 30 May 2022

255,042

4,708

51,030

1,774

312,554

DEPRECIATION

At 31 May 2021

30,695

246

12,844

596

44,381

Charge for year

27,889

893

7,890

292

36,964

Eliminated on disposal

(6,900

)

-

(1,260

)

-

(8,160

)

At 30 May 2022

51,684

1,139

19,474

888

73,185

NET BOOK VALUE

At 30 May 2022

203,358

3,569

31,556

886

239,369

At 30 May 2021

95,962

983

12,856

318

110,119

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

85,238

37,188

7.	CASH AT BANK

2022

2021

£

£

Bank account no. 1

80,460

28,453

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

68,343

14,781

Other loans

-

4,234

Hire purchase contracts

-

31,250

Trade creditors

-

4,959

Tax

-

1,023

Social security and other taxes

-

3,233

VAT

70,222

19,269

Directors' loan accounts

854

94

Accrued expenses

5,675

2,675

145,094

81,518

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

204,265

25,000

Hire purchase contracts

-

67,459

204,265

92,459