IRIS Accounts Production v23.2.0.158 02829270 Board of Directors 1.8.22 31.7.23 31.7.23 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028292702022-07-31028292702023-07-31028292702022-08-012023-07-31028292702021-07-31028292702021-08-012022-07-31028292702022-07-3102829270ns10:Originalns15:EnglandWales2022-08-012023-07-3102829270ns14:PoundSterlingns10:Original2022-08-012023-07-3102829270ns10:Originalns10:Director12022-08-012023-07-3102829270ns10:Original2022-08-012023-07-3102829270ns10:Original2023-07-3102829270ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3102829270ns10:Originalns10:SmallEntities2022-08-012023-07-3102829270ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3102829270ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3102829270ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3102829270ns10:Originalns10:FullAccounts2022-08-012023-07-3102829270ns10:Original12022-08-012023-07-3102829270ns10:Originalns10:Director22022-08-012023-07-3102829270ns10:CompanySecretary1ns10:Original2022-08-012023-07-3102829270ns10:Originalns10:RegisteredOffice2022-08-012023-07-3102829270ns10:Original2022-07-3102829270ns10:Originalns5:CurrentFinancialInstruments2023-07-3102829270ns10:Originalns5:CurrentFinancialInstruments2022-07-3102829270ns5:ShareCapitalns10:Original2023-07-3102829270ns5:ShareCapitalns10:Original2022-07-3102829270ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3102829270ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3102829270ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-08-012023-07-3102829270ns10:Originalns5:PlantMachinery2022-08-012023-07-3102829270ns10:Originalns5:FurnitureFittings2022-08-012023-07-3102829270ns10:Originalns5:MotorVehicles2022-08-012023-07-3102829270ns10:Original2021-08-012022-07-3102829270ns10:Originalns5:NetGoodwill2022-07-3102829270ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-3102829270ns10:Original2022-07-3102829270ns10:Originalns5:NetGoodwill2023-07-3102829270ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-3102829270ns10:Originalns5:NetGoodwill2022-07-3102829270ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-3102829270ns10:Originalns5:PlantMachinery2022-07-3102829270ns10:Originalns5:FurnitureFittings2022-07-3102829270ns10:Originalns5:MotorVehicles2022-07-3102829270ns10:Originalns5:PlantMachinery2023-07-3102829270ns10:Originalns5:FurnitureFittings2023-07-3102829270ns10:Originalns5:MotorVehicles2023-07-3102829270ns10:Originalns5:PlantMachinery2022-07-3102829270ns10:Originalns5:FurnitureFittings2022-07-3102829270ns10:Originalns5:MotorVehicles2022-07-3102829270ns10:Originalns5:CostValuation2022-07-3102829270ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3102829270ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3102829270ns10:Originalns5:WithinOneYear2023-07-3102829270ns10:Originalns5:WithinOneYear2022-07-3102829270ns5:BetweenOneFiveYearsns10:Original2023-07-3102829270ns5:BetweenOneFiveYearsns10:Original2022-07-3102829270ns10:Originalns5:AllPeriods2023-07-3102829270ns10:Originalns5:AllPeriods2022-07-31
REGISTERED NUMBER: 02829270 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

HUXLEY (UK) LIMITED

HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUXLEY (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: P E Huxley
Ms J Lyon



SECRETARY: Ms J Lyon



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9DD



REGISTERED NUMBER: 02829270 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Barclays Bank Plc
P O Box 166
Heathrow Airport
Hounslow
TW6 2RA



SOLICITORS: Blake Morgan LLP
New Kings Court
Tollgate
Chandlers Ford
Eastleigh
SO53 3LG

HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 98,378 3,057
Investments 6 1 1
98,380 3,059

CURRENT ASSETS
Stocks 246,478 212,613
Debtors 7 34,333 95,341
Cash at bank and in hand 688,667 575,210
969,478 883,164
CREDITORS
Amounts falling due within one year 8 538,824 400,219
NET CURRENT ASSETS 430,654 482,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

529,034

486,004

PROVISIONS FOR LIABILITIES 6,123 581
NET ASSETS 522,911 485,423

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 520,911 483,423
522,911 485,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

BALANCE SHEET - continued
31ST JULY 2023


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 Board of Directors and authorised for issue on 6th October 2023 and were signed on its behalf by:





Ms J Lyon - Director


HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

Huxley (UK) Limited 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 as modified by the revaluation of certain assets.

Turnover
The company has two main sources of income. Turnover in relation to golf equipment represents net invoiced sales of the goods, excluding value added tax. Turnover in relation to the installation of golf greens is recognised once the job is completed.

Patents and licences
In 2005 the company purchased patents from Rotanet Limited for £58,501. They have been amortised over their estimated useful lives of five years.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 5,000 58,501 63,501
AMORTISATION
At 1st August 2022
and 31st July 2023 5,000 58,500 63,500
NET BOOK VALUE
At 31st July 2023 - 1 1
At 31st July 2022 - 1 1

HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2022 14,281 12,158 2,358 28,797
Additions - - 108,432 108,432
At 31st July 2023 14,281 12,158 110,790 137,229
DEPRECIATION
At 1st August 2022 14,224 9,158 2,358 25,740
Charge for year 57 1,328 11,726 13,111
At 31st July 2023 14,281 10,486 14,084 38,851
NET BOOK VALUE
At 31st July 2023 - 1,672 96,706 98,378
At 31st July 2022 57 3,000 - 3,057

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st August 2022
and 31st July 2023 1
NET BOOK VALUE
At 31st July 2023 1
At 31st July 2022 1

Cost or valuation at 31st July 2023 is represented by:

Other
investments
£   
Valuation in 2019 (30,346 )
Valuation in 2020 23,901
Valuation in 2021 (35,856 )
Cost 42,302
1

HUXLEY (UK) LIMITED (REGISTERED NUMBER: 02829270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,581 89,461
Prepayments and accrued income 6,752 5,880
34,333 95,341

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 227,191 126,764
Tax 28,258 30,960
Social security and other taxes 9,693 9,644
VAT 45,493 48,247
Other creditors 58,218 59,334
Accruals and deferred income 169,971 125,270
538,824 400,219

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 30,055 56,153
Between one and five years 1,976 17,219
32,031 73,372

10. ULTIMATE CONTROLLING PARTY

During 2020 the shares held by the former shareholders were sold to the newly formed Huxley Employee Ownership Trust (The EOT). The number of shares sold represent 100% of the ordinary share capital of the company. The EOT holds the shares on behalf of all the employees of the company, no individual employee is allotted shares. The interests of the EOT are managed by Huxley Trustee Limited as its trustee. The EOT is therefore the sole shareholder in the company. As at the year end £nil (2022: £100,000) of deferred consideration remains payable.