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Steven A Hunt & Associates Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Steven A Hunt & Associates Limited (Registered number: 04473341)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steven A Hunt & Associates Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S A Hunt
J Hunt
D C Sibbring
D Kelly
Ms A King
N J Baines





SECRETARY: J Hunt





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 04473341 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Steven A Hunt & Associates Limited (Registered number: 04473341)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,646 10,194
7,646 10,194

CURRENT ASSETS
Debtors 6 496,253 370,744
Cash at bank and in hand 256,138 678,442
752,391 1,049,186
CREDITORS
Amounts falling due within one year 7 273,088 404,202
NET CURRENT ASSETS 479,303 644,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,949

655,178

CREDITORS
Amounts falling due after more than one
year

8

(2,458

)

(6,955

)

PROVISIONS FOR LIABILITIES (1,872 ) (2,101 )
NET ASSETS 482,619 646,122

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 482,519 646,022
SHAREHOLDERS' FUNDS 482,619 646,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Steven A Hunt & Associates Limited (Registered number: 04473341)

Balance Sheet - continued
31 July 2024


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 October 2024 and were signed on its behalf by:





S A Hunt - Director


Steven A Hunt & Associates Limited (Registered number: 04473341)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Steven A Hunt & Associates 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 2004, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 10% straight line

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.

Steven A Hunt & Associates Limited (Registered number: 04473341)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 150,000
AMORTISATION
At 1 August 2023
and 31 July 2024 150,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 73,352
DEPRECIATION
At 1 August 2023 63,158
Charge for year 2,548
At 31 July 2024 65,706
NET BOOK VALUE
At 31 July 2024 7,646
At 31 July 2023 10,194

Steven A Hunt & Associates Limited (Registered number: 04473341)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 12,743
DEPRECIATION
At 1 August 2023 2,549
Charge for year 2,548
At 31 July 2024 5,097
NET BOOK VALUE
At 31 July 2024 7,646
At 31 July 2023 10,194

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 490,056 359,520
Other debtors 6,197 11,224
496,253 370,744

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 9) 4,497 3,991
Trade creditors 42,964 77,071
Taxation and social security 220,207 317,912
Other creditors 5,420 5,228
273,088 404,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 9) 2,458 6,955

Steven A Hunt & Associates Limited (Registered number: 04473341)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 4,497 3,991
Between one and five years 2,458 6,955
6,955 10,946

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 12,526 18,630
Between one and five years 1,788 14,314
14,314 32,944