Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13118296 Mr Andrew Hunt Mr Lee Hunt Mr Luke Hunt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13118296 2023-01-31 13118296 2024-01-31 13118296 2023-02-01 2024-01-31 13118296 frs-core:CurrentFinancialInstruments 2024-01-31 13118296 frs-core:MotorVehicles 2024-01-31 13118296 frs-core:MotorVehicles 2023-02-01 2024-01-31 13118296 frs-core:MotorVehicles 2023-01-31 13118296 frs-core:PlantMachinery 2024-01-31 13118296 frs-core:PlantMachinery 2023-02-01 2024-01-31 13118296 frs-core:PlantMachinery 2023-01-31 13118296 frs-core:ShareCapital 2024-01-31 13118296 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13118296 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13118296 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13118296 frs-bus:SmallEntities 2023-02-01 2024-01-31 13118296 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13118296 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13118296 frs-bus:Director1 2023-02-01 2024-01-31 13118296 frs-bus:Director2 2023-02-01 2024-01-31 13118296 frs-bus:Director3 2023-02-01 2024-01-31 13118296 frs-countries:EnglandWales 2023-02-01 2024-01-31 13118296 2022-01-31 13118296 2023-01-31 13118296 2022-02-01 2023-01-31 13118296 frs-core:CurrentFinancialInstruments 2023-01-31 13118296 frs-core:ShareCapital 2023-01-31 13118296 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13118296
Hunt Steel Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Air Accounting Ltd
Park View Business Centre
Combermere
Whitchurch
Cheshire
SY13 4AL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13118296
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,834 2,503
2,834 2,503
CURRENT ASSETS
Debtors 5 167,618 113,298
Cash at bank and in hand 9,614 22,198
177,232 135,496
Creditors: Amounts Falling Due Within One Year 6 (84,319 ) (96,879 )
NET CURRENT ASSETS (LIABILITIES) 92,913 38,617
TOTAL ASSETS LESS CURRENT LIABILITIES 95,747 41,120
PROVISIONS FOR LIABILITIES
Deferred Taxation (703 ) (587 )
NET ASSETS 95,044 40,533
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 94,944 40,433
SHAREHOLDERS' FUNDS 95,044 40,533
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Hunt
Director
8th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hunt Steel Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13118296 . The registered office is 42a Clay Lane, Oldbury, B69 4SY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 325 3,500 3,825
Additions 894 - 894
As at 31 January 2024 1,219 3,500 4,719
Depreciation
As at 1 February 2023 62 1,260 1,322
Provided during the period 115 448 563
As at 31 January 2024 177 1,708 1,885
Net Book Value
As at 31 January 2024 1,042 1,792 2,834
As at 1 February 2023 263 2,240 2,503
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 115,808 35,670
Prepayments and accrued income 93 -
VAT 3,416 9,472
Other taxes and social security 48,301 68,156
167,618 113,298
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,251 11,496
Bank loans and overdrafts 2,080 2,414
Corporation tax 53,443 48,889
Accruals and deferred income - 3,750
Directors' loan accounts 26,545 30,330
84,319 96,879
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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