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Company registration number: 12024571
Huntershaw Limited
Trading as House of Windsor
Unaudited filleted abridged financial statements
31 May 2024
Huntershaw Limited
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Huntershaw Limited
Directors and other information
Directors Mr Alan Hunter
Mr Graham Shaw (Appointed 1 June 2023)
Secretary Graham Shaw
Company number 12024571
Registered office Hartdene House
Bridge Road
Bagshot
Surrey
GU19 5AT
Accountants Morris Hartdene Ltd
Hartdene House
Bridge Road
Bagshot
Surrey
Huntershaw Limited
Abridged statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 3,170 3,686
_______ _______
3,170 3,686
Current assets
Stocks 135,389 124,278
Debtors 9,175 9,282
Cash at bank and in hand 49,772 83,946
_______ _______
194,336 217,506
Creditors: amounts falling due
within one year ( 80,526) ( 87,213)
_______ _______
Net current assets 113,810 130,293
_______ _______
Total assets less current liabilities 116,980 133,979
Creditors: amounts falling due
after more than one year ( 14,167) ( 24,167)
_______ _______
Net assets 102,813 109,812
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 102,713 109,712
_______ _______
Shareholders funds 102,813 109,812
_______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
The members have agreed to the preparation of abridged accounts.
These financial statements were approved by the board of directors and authorised for issue on 04 October 2024 , and are signed on behalf of the board by:
Mr Alan Hunter
Director
Company registration number: 12024571
Huntershaw Limited
Statement of changes in equity
Year ended 31 May 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 June 2022 100 36,565 36,665
Profit for the year 123,497 123,497
_______ _______ _______
Total comprehensive income for the year - 123,497 123,497
Dividends paid and payable ( 50,350) ( 50,350)
_______ _______ _______
Total investments by and distributions to owners - ( 50,350) ( 50,350)
_______ _______ _______
At 31 May 2023 and 1 June 2023 100 109,712 109,812
Profit for the year 62,001 62,001
_______ _______ _______
Total comprehensive income for the year - 62,001 62,001
Dividends paid and payable ( 69,000) ( 69,000)
_______ _______ _______
Total investments by and distributions to owners - ( 69,000) ( 69,000)
_______ _______ _______
At 31 May 2024 100 102,713 102,813
_______ _______ _______
Huntershaw Limited
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Hartdene House, Bridge Road, Bagshot, Surrey, GU19 5AT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxatiion expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. Current tax is recognised on taxable profit for the current and past eriods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacte or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Shop Fittings - 15 % straight line
Computers & equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
£
Cost
At 1 June 2023 9,401
Additions 1,005
_______
At 31 May 2024 10,406
_______
Depreciation
At 1 June 2023 5,715
Charge for the year 1,521
_______
At 31 May 2024 7,236
_______
Carrying amount
At 31 May 2024 3,170
_______
At 31 May 2023 3,686
_______