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REGISTERED NUMBER: 05745441 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Hootons Commercial Limited

Hootons Commercial Limited (Registered number: 05745441)






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


Hootons Commercial Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N C H Hooton





SECRETARY:





REGISTERED OFFICE: The Coach House
1 Hurle Road
Clifton
Bristol
BS8 2SY





REGISTERED NUMBER: 05745441 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Hootons Commercial Limited (Registered number: 05745441)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 244 1,196
244 1,196

CURRENT ASSETS
Debtors 6 107,708 148,562
Cash at bank 160,890 216,480
268,598 365,042
CREDITORS
Amounts falling due within one year 7 103,578 146,853
NET CURRENT ASSETS 165,020 218,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,264

219,385

PROVISIONS FOR LIABILITIES 502 270
NET ASSETS 164,762 219,115

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 164,661 219,014
SHAREHOLDERS' FUNDS 164,762 219,115

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 director acknowledges his 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 director and authorised for issue on 5 April 2024 and were signed by:




N C H Hooton - Director


Hootons Commercial Limited (Registered number: 05745441)

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

1. STATUTORY INFORMATION

Hootons Commercial 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33.33% on straight line basis and 25% on reducing balance basis

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
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 4 (2022 - 4 ) .

Hootons Commercial Limited (Registered number: 05745441)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 42,620
AMORTISATION
At 1 January 2023
and 31 December 2023 42,620
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 14,031
DEPRECIATION
At 1 January 2023 12,835
Charge for year 952
At 31 December 2023 13,787
NET BOOK VALUE
At 31 December 2023 244
At 31 December 2022 1,196

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,145 33,656
Other debtors 70,563 114,906
107,708 148,562

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,486 2,051
Taxation and social security 22,312 29,471
Other creditors 79,780 115,331
103,578 146,853

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,500 were paid to the director .

Hootons Commercial Limited (Registered number: 05745441)

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

8. RELATED PARTY DISCLOSURES - continued

The company made an interest free loan to Cameron Investments Limited a company of which Mr N C H Hooton is sole director and majority shareholder. At the year end the balance of this loan amounted to £62,854 (2022 £112,854).

The company also paid rent on a commercial basis totalling £9,000 (2022 £9,000) to Cameron Property Limited of which Mr N C H Hooton is a director and 50% shareholder.