Registered number
05714574
Hunt Accountancy Services Limited
Filleted Accounts
30 June 2024
Hunt Accountancy Services Limited
Registered number: 05714574
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 933 475
Current assets
Debtors 4 13,314 2,736
Investments held as current assets 5 305,045 219,397
Cash at bank and in hand 25,064 24,403
343,423 246,536
Creditors: amounts falling due within one year 6 (38,463) (32,853)
Net current assets 304,960 213,683
Net assets 305,893 214,158
Capital and reserves
Called up share capital 1 1
Profit and loss account 305,892 214,157
Shareholders' funds 305,893 214,158
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zhaoxia Hunt
Director
Approved by the board on 30 September 2024
Hunt Accountancy Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 2 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 6,344
Additions 1,865
At 30 June 2024 8,209
Depreciation
At 1 July 2023 5,869
Charge for the year 1,407
At 30 June 2024 7,276
Net book value
At 30 June 2024 933
At 30 June 2023 475
4 Debtors 2024 2023
£ £
Trade debtors 13,314 2,736
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 295,045 209,397
Unlisted investments 10,000 10,000
305,045 219,397
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 14,096 3,054
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 886 660
Taxation and social security costs 37,577 29,243
Other creditors - 2,950
38,463 32,853
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Zhaoxia Hunt (2,950) 2,950 -
(2,950) - 2,950 -
8 Controlling party
The company is controlled by the director by virtue of her shareholding of the company.
9 Other information
Hunt Accountancy Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Moorhen Cottage
Craddock Drive
Leighton Buzzard
LU7 3BW
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