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REGISTERED NUMBER: SC607451 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Jack Hunter Electricians Ltd

Jack Hunter Electricians Ltd (Registered number: SC607451)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jack Hunter Electricians Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M Hunter
Mrs J Hunter





REGISTERED OFFICE: Unit C
Waverley Place
Newtown St Boswells
Melrose
Roxburghshire
TD6 0RS





REGISTERED NUMBER: SC607451 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Jack Hunter Electricians Ltd (Registered number: SC607451)

Balance Sheet
30 September 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,500 57,000
Property, plant and equipment 5 55,412 26,804
102,912 83,804

CURRENT ASSETS
Inventories 70,000 47,854
Debtors 6 806 35,171
Cash at bank and in hand 38,448 9,078
109,254 92,103
CREDITORS
Amounts falling due within one year 7 102,036 90,675
NET CURRENT ASSETS 7,218 1,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,130

85,232

CREDITORS
Amounts falling due after more than one
year

8

(27,252

)

(10,978

)

PROVISIONS FOR LIABILITIES (11,500 ) (5,000 )
NET ASSETS 71,378 69,254

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 71,268 69,144
SHAREHOLDERS' FUNDS 71,378 69,254

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

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

Jack Hunter Electricians Ltd (Registered number: SC607451)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





Mrs J Hunter - Director


Jack Hunter Electricians Ltd (Registered number: SC607451)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Jack Hunter Electricians Ltd is a private company, limited by shares , registered in Scotland. 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
Revenue 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 2018, 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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.


Jack Hunter Electricians Ltd (Registered number: SC607451)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 95,000
AMORTISATION
At 1 October 2022 38,000
Charge for year 9,500
At 30 September 2023 47,500
NET BOOK VALUE
At 30 September 2023 47,500
At 30 September 2022 57,000

Jack Hunter Electricians Ltd (Registered number: SC607451)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2022 44,910
Additions 39,671
At 30 September 2023 84,581
DEPRECIATION
At 1 October 2022 18,106
Charge for year 11,063
At 30 September 2023 29,169
NET BOOK VALUE
At 30 September 2023 55,412
At 30 September 2022 26,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 806 35,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Hire purchase contracts 7,174 2,694
Trade creditors 21,488 30,737
Taxation and social security 21,346 19,320
Other creditors 52,028 37,924
102,036 90,675

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/23 30/9/22
£    £   
Hire purchase contracts 27,252 10,978