Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseTextile agents22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03535922 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03535922 d:CurrentFinancialInstruments 2023-12-31 03535922 d:CurrentFinancialInstruments 2022-12-31 03535922 c:Director1 2023-01-01 2023-12-31 03535922 c:FRS102 2023-01-01 2023-12-31 03535922 c:FullAccounts 2023-01-01 2023-12-31 03535922 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03535922 d:OfficeEquipment 2023-01-01 2023-12-31 03535922 d:OfficeEquipment 2023-12-31 03535922 d:OfficeEquipment 2022-12-31 03535922 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03535922 d:RetainedEarningsAccumulatedLosses 2023-12-31 03535922 d:RetainedEarningsAccumulatedLosses 2022-12-31 03535922 d:ShareCapital 2023-12-31 03535922 d:ShareCapital 2022-12-31 03535922 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 03535922 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 03535922 2023-01-01 2023-12-31 03535922 2023-12-31 03535922 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03535922 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03535922 2022-01-01 2022-12-31 03535922 2022-12-31 03535922 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 03535922 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03535922










HUNT'S OF LONDON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HUNT'S OF LONDON LIMITED
REGISTERED NUMBER: 03535922

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,146
176

Tangible assets
 5 
2,708
1,604

  
3,854
1,780

Current assets
  

Stocks
  
750
750

Debtors: amounts falling due within one year
 6 
28,799
2,866

Cash at bank and in hand
  
48,959
38,412

  
78,508
42,028

Creditors: amounts falling due within one year
 7 
(42,815)
(20,116)

Net current assets
  
 
 
35,693
 
 
21,912

  

Net assets
  
39,547
23,692


Capital and reserves
  

Called up share capital 
  
36
36

Profit and loss account
  
39,511
23,656

  
39,547
23,692


Page 1

 
HUNT'S OF LONDON LIMITED
REGISTERED NUMBER: 03535922
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 February 2024.




C P Loughnane
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HUNT'S OF LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Hunt's of London Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 03535922). Its registered office is Cross House Main Road, Higham, Alfreton, Derbyshire, DE55 6EH. The principal activity of the Company throughout the year continued to be that of textile agents.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
HUNT'S OF LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. 

The depreciation rates used are:

Office equipment
-
20% reducing balance & straight line

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropiate, or if there is an indication of significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 4

 
HUNT'S OF LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.8

Current taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
HUNT'S OF LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Trademarks

£



Cost


At 1 January 2023
220


Additions
992



At 31 December 2023

1,212



Amortisation


At 1 January 2023
44


Charge for the year on owned assets
22



At 31 December 2023

66



Net book value



At 31 December 2023
1,146



At 31 December 2022
176



Page 6

 
HUNT'S OF LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost


At 1 January 2023
16,372


Additions
1,499



At 31 December 2023

17,871



Depreciation


At 1 January 2023
14,768


Charge for the year on owned assets
395



At 31 December 2023

15,163



Net book value



At 31 December 2023
2,708



At 31 December 2022
1,604


6.


Debtors

2023
2022
£
£


Trade debtors
21,000
-

Other debtors
1,805
2,724

Prepayments and accrued income
5,994
142

28,799
2,866


Page 7

 
HUNT'S OF LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,486
1,545

Corporation tax
31,003
15,875

Other creditors
1,711
1,208

Accruals and deferred income
1,615
1,488

42,815
20,116


 
Page 8