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REGISTERED NUMBER: 01256633 (England and Wales)












P.D. HUNT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






P.D. HUNT LIMITED (REGISTERED NUMBER: 01256633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P.D. HUNT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: P D Hunt
Mrs S Garman
J Barter
S Garman



REGISTERED OFFICE: Lynwood Grange
Winsor Road
Southampton
Hampshire
SO40 2HE



REGISTERED NUMBER: 01256633 (England and Wales)



BANKERS: Lloyds Bank plc
30 Commercial Road
Totton
Southampton
Hampshire
SO40 3TH

P.D. HUNT LIMITED (REGISTERED NUMBER: 01256633)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 119,007 93,877

CURRENT ASSETS
Stocks 11,522 11,186
Debtors 5 634,159 573,294
Cash at bank 805,030 760,817
1,450,711 1,345,297
CREDITORS
Amounts falling due within one year 6 (443,534 ) (368,600 )
NET CURRENT ASSETS 1,007,177 976,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,126,184

1,070,574

PROVISIONS FOR LIABILITIES (24,717 ) (15,714 )
NET ASSETS 1,101,467 1,054,860

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Retained earnings 1,098,967 1,052,360
SHAREHOLDERS' FUNDS 1,101,467 1,054,860

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

P.D. HUNT LIMITED (REGISTERED NUMBER: 01256633)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 6 February 2024 and were signed on its behalf by:





S Garman - Director


P.D. HUNT LIMITED (REGISTERED NUMBER: 01256633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

P.D. Hunt 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when right to consideration has been achieved, i.e. when the service has been provided or the goods have been supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% Straight line
Plant and machinery - 20% Reducing balance
Motor vehicles - 20% Reducing balance

No depreciation is being charged on the land.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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 statement of financial position date.


P.D. HUNT LIMITED (REGISTERED NUMBER: 01256633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

P.D. HUNT LIMITED (REGISTERED NUMBER: 01256633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST
At 1 July 2022 10,100 321,735 42,587 374,422
Additions - 49,875 - 49,875
Disposals - (53,304 ) - (53,304 )
At 30 June 2023 10,100 318,306 42,587 370,993
DEPRECIATION
At 1 July 2022 6,004 248,524 26,017 280,545
Charge for year 202 12,996 3,314 16,512
Eliminated on disposal - (45,071 ) - (45,071 )
At 30 June 2023 6,206 216,449 29,331 251,986
NET BOOK VALUE
At 30 June 2023 3,894 101,857 13,256 119,007
At 30 June 2022 4,096 73,211 16,570 93,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 303,043 244,948
Other debtors 331,116 328,346
634,159 573,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 200,675 127,289
Taxation and social security 57,970 55,609
Other creditors 184,889 185,702
443,534 368,600