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REGISTERED NUMBER: 00930883 (England and Wales)















HURSTANGER LIMITED

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HURSTANGER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: P J Bull



REGISTERED OFFICE: Suite 44, Business Innovation Centre
Binley Business Park
Harry Weston Road
Coventry
West Midlands
CV3 2TX



REGISTERED NUMBER: 00930883 (England and Wales)



AUDITORS: Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL



BANKERS: Lloyds TSB Bank plc
30 High Street
Coventry
CV1 5RA

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,998 68,612

CURRENT ASSETS
Debtors 5 233,811 335,301
Cash at bank 139,784 184,426
373,595 519,727
CREDITORS
Amounts falling due within one year 6 30,551 30,125
NET CURRENT ASSETS 343,044 489,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,042

558,214

CREDITORS
Amounts falling due after more than one
year

7

62,838

84,492
NET ASSETS 331,204 473,722

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 331,099 473,617
SHAREHOLDERS' FUNDS 331,204 473,722

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:





P J Bull - Director


HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Hurstanger 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, cash and bank balances, loans to or from related parties and current asset investments. All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.


HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 2 ) .

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 4,284 117,168 23,954 145,406
DEPRECIATION
At 1 November 2022 3,189 51,261 22,344 76,794
Charge for year 160 16,477 977 17,614
At 31 October 2023 3,349 67,738 23,321 94,408
NET BOOK VALUE
At 31 October 2023 935 49,430 633 50,998
At 31 October 2022 1,095 65,907 1,610 68,612

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 117,168
DEPRECIATION
At 1 November 2022 51,261
Charge for year 16,477
At 31 October 2023 67,738
NET BOOK VALUE
At 31 October 2023 49,430
At 31 October 2022 65,907

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 87,878 104,313
Other debtors 6,877 60,743
94,755 165,056

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Trade debtors 139,056 170,245

Aggregate amounts 233,811 335,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,418 8,418
Hire purchase contracts (see note 8) 13,236 12,332
Trade creditors 6,822 8,373
Amounts owed to group undertakings 706 -
Taxation and social security 772 800
Other creditors 597 202
30,551 30,125

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,062 22,480
Hire purchase contracts (see note 8) 48,776 62,012
62,838 84,492

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 13,236 12,332
Between one and five years 48,776 62,012
62,012 74,344

Non-cancellable operating leases
2023 2022
£    £   
Within one year 5,232 3,488
Between one and five years 3,488 -
8,720 3,488

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 62,012 74,344

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Douglas Connell (Senior Statutory Auditor)
for and on behalf of Sephton & Company LLP

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
P J Bull
Balance outstanding at start of year 54,668 -
Amounts advanced 74,246 54,668
Amounts repaid (129,310 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (396 ) 54,668