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 2023

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

263,542

239,369

273,542

249,369

CURRENT ASSETS

Debtors

6

71,544

85,238

Cash at bank

7

28,072

80,460

99,616

165,698

CREDITORS

Amounts falling due within one year

8

(211,474

)

(145,094

)

NET CURRENT (LIABILITIES)/ASSETS

(111,858

)

20,604

TOTAL ASSETS LESS CURRENT LIABILITIES

161,684

269,973

CREDITORS

Amounts falling due after more than one year

9

(121,633

)

(204,265

)

NET ASSETS

40,051

65,708

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

40,050

65,707

40,051

65,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 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 12 February 2024 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 NIL (2022 - 7 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 May 2022

and 30 May 2023

10,000

NET BOOK VALUE

At 30 May 2023

10,000

At 30 May 2022

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 May 2022

255,042

4,708

51,030

1,774

312,554

Additions

94,078

809

-

-

94,887

Disposals

(9,652

)

-

-

-

(9,652

)

At 30 May 2023

339,468

5,517

51,030

1,774

397,789

DEPRECIATION

At 31 May 2022

51,684

1,139

19,474

888

73,185

Charge for year

53,697

876

6,312

177

61,062

At 30 May 2023

105,381

2,015

25,786

1,065

134,247

NET BOOK VALUE

At 30 May 2023

234,087

3,502

25,244

709

263,542

At 30 May 2022

203,358

3,569

31,556

886

239,369

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

71,544

85,238

7.	CASH AT BANK

2023

2022

£

£

Bank account no. 1

28,072

80,460

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

85,273

68,343

Tax

843

-

VAT

119,452

70,222

Directors' loan accounts

231

854

Accrued expenses

5,675

5,675

211,474

145,094

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

121,633

204,265