Company registration number: 03555496
Unaudited financial statements
for the year ended 30 September 2024
for
Octavius Hunt Limited
Pages for filing with the Registrar
Octavius Hunt Limited
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Octavius Hunt Limited for the year ended 30 September 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at https://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Octavius Hunt Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Octavius Hunt Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Octavius Hunt Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Octavius Hunt Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Octavius Hunt Limited. You consider that Octavius Hunt Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Octavius Hunt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Metis Tax Limited
Castlemead
Lower Castle Street
Bristol
BRISTOL
ENGLAND
BS1 3AG
United Kingdom
Date: 30 October 2024
1
Company registration number: 03555496
Octavius Hunt Limited
Balance sheet
as at 30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 117,871 150,889
Tangible assets 5 84,768 99,887
Investments 6 9 9
202,648 250,785
Current assets
Stocks 427,040 370,623
Debtors 474,575 467,089
Cash at bank and in hand 28,965 47,659
930,580 885,371
Creditors: amounts falling due within
one year
(388,235) (337,880)
Net current assets 542,345 547,491
Total assets less current liabilities 744,993 798,276
Creditors: Amounts falling due after
more than one year
(40,300) (77,500)
Provisions for liabilities (14,997) (18,557)
NET ASSETS 689,696 702,219
Capital and reserves
Called up share capital 4,236 4,236
Share premium account 23,344 23,344
Other reserves 16,940 16,940
Profit and loss account 645,176 657,699
TOTAL EQUITY 689,696 702,219
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 03555496
Octavius Hunt Limited
Balance sheet - continued
as at 30 September 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 30 October 2024 and signed on its behalf by:
Mrs A Bennett, Director
30 October 2024
3
Octavius Hunt Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Octavius Hunt Limited is a private company registered in England and Wales. Its registered number is 03555496. The company is limited by shares. Its registered office is Octavius Hunt Ltd, 5-9 Dove Lane, Bristol, Avon, BS5 9NQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 10% straight line
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.:
Plant and machinery - 20% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
4
Octavius Hunt Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 20 (2023 - 20).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 October 2023 590,937
Additions 3,096
At 30 September 2024 594,033
5
Octavius Hunt Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
4 Intangible assets - continued
Amortisation
At 1 October 2023 440,048
Charge for year 36,114
At 30 September 2024 476,162
Net book value
At 30 September 2024 117,871
At 30 September 2023 150,889
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2023 1,198,002
Additions 9,853
At 30 September 2024 1,207,855
Depreciation
At 1 October 2023 1,098,115
Charge for year 24,972
At 30 September 2024 1,123,087
Net book value
At 30 September 2024 84,768
At 30 September 2023 99,887
6
Octavius Hunt Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
6 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 October 2023 9
At 30 September 2024 9
Net book value
At 30 September 2024 9
At 30 September 2023 9
7 Related party transactions
At the year end Octavius Hunt (Europe) Limited, a company wholly owned by Octavius Hunt Limited,
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