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REGISTERED NUMBER: 05311926 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Hunter Selection Limited

Hunter Selection Limited (Registered number: 05311926)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hunter Selection Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R Smith
Mr R J Davies
Mr N C Willis-Stovold





SECRETARY: Mrs M Hill





REGISTERED OFFICE: Wessex House
Greystoke Business Park
Portishead
Bristol
BS20 6PY





REGISTERED NUMBER: 05311926 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Hunter Selection Limited (Registered number: 05311926)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,070 148,952

CURRENT ASSETS
Debtors 5 508,713 555,916
Cash at bank and in hand 1,680,974 1,477,353
2,189,687 2,033,269
CREDITORS
Amounts falling due within one year 6 484,298 532,933
NET CURRENT ASSETS 1,705,389 1,500,336
TOTAL ASSETS LESS CURRENT LIABILITIES 1,844,459 1,649,288

CREDITORS
Amounts falling due after more than one year 7 (50,050 ) (80,000 )

PROVISIONS FOR LIABILITIES (34,767 ) (28,301 )
NET ASSETS 1,759,642 1,540,987

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 12 1,759,442 1,540,787
SHAREHOLDERS' FUNDS 1,759,642 1,540,987

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:



Mr R Smith - Director


Hunter Selection Limited (Registered number: 05311926)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hunter Selection 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost

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.

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 51 (2022 - 44 ) .

Hunter Selection Limited (Registered number: 05311926)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 76,430 1,450 145,200 48,817 271,897
Additions - - 4,672 22,754 27,426
At 31 December 2023 76,430 1,450 149,872 71,571 299,323
DEPRECIATION
At 1 January 2023 12,717 1,026 87,440 21,762 122,945
Charge for year 9,557 106 9,005 18,640 37,308
At 31 December 2023 22,274 1,132 96,445 40,402 160,253
NET BOOK VALUE
At 31 December 2023 54,156 318 53,427 31,169 139,070
At 31 December 2022 63,713 424 57,760 27,055 148,952

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 477,474 454,914
Other debtors 95 95
Directors' current accounts - 42,376
Prepayments 31,144 58,531
508,713 555,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 30,000 30,045
Trade creditors 44,103 64,364
Tax 125,030 136,736
Social security and other taxes 91,037 72,258
VAT 137,315 108,292
Other creditors 3,677 78,390
Directors' current accounts 312 624
Accrued expenses 52,824 42,224
484,298 532,933

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 50,050 80,000

Hunter Selection Limited (Registered number: 05311926)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 30,000 30,045

Amounts falling due between one and two years:
Bank loans - 1-2 years 30,000 30,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,050 50,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 51,860 51,860
Between one and five years - 51,860
51,860 103,720

10. SECURED DEBTS

The bank loan is secured against the company's assets, by way of both a fixed charge and a floating charge held by the bank.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
150 Ordinary A £1 150 150
50 Ordinary B £1 50 50
200 200

12. RESERVES
Retained
earnings
£   

At 1 January 2023 1,540,787
Profit for the year 380,557
Dividends (161,902 )
At 31 December 2023 1,759,442

Hunter Selection Limited (Registered number: 05311926)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr R Smith
Balance outstanding at start of year 40,000 (168,828 )
Amounts advanced - 250,000
Amounts repaid (40,312 ) (41,172 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) 40,000

Mr R J Davies
Balance outstanding at start of year (624 ) -
Amounts advanced 624 -
Amounts repaid - (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (624 )

Mr N C Willis-Stovold
Balance outstanding at start of year 2,376 -
Amounts advanced - 3,000
Amounts repaid (2,376 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,376