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REGISTERED NUMBER: 07577111 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

HUNTER SIMMONS LTD

HUNTER SIMMONS LTD (REGISTERED NUMBER: 07577111)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUNTER SIMMONS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Simmons
S C Hunter





SECRETARY:





REGISTERED OFFICE: EMP Building
Unit 1, 4 Solent Road
Havant
Hampshire
PO9 1JH





REGISTERED NUMBER: 07577111 (England and Wales)





ACCOUNTANTS: Hunter Simmons Ltd
EMP Building
Unit 1, 4 Solent Road
Havant
Portsmouth
Hampshire
PO9 1JH

HUNTER SIMMONS LTD (REGISTERED NUMBER: 07577111)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,626 8,438
Tangible assets 5 16,725 10,069
28,351 18,507

CURRENT ASSETS
Debtors 6 77,427 66,612
Cash at bank and in hand 153,862 166,262
231,289 232,874
CREDITORS
Amounts falling due within one year 7 134,117 116,868
NET CURRENT ASSETS 97,172 116,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,523

134,513

CREDITORS
Amounts falling due after more than one
year

8

23,248

33,177
NET ASSETS 102,275 101,336

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 102,173 101,234
SHAREHOLDERS' FUNDS 102,275 101,336

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

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

HUNTER SIMMONS LTD (REGISTERED NUMBER: 07577111)

Balance Sheet - continued
31 March 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 26 November 2024 and were signed on its behalf by:




A J Simmons - Director



S C Hunter - Director


HUNTER SIMMONS LTD (REGISTERED NUMBER: 07577111)

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

1. STATUTORY INFORMATION

Hunter Simmons Ltd 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 2011, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

HUNTER SIMMONS LTD (REGISTERED NUMBER: 07577111)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 39,062
Additions 12,000
At 31 March 2024 51,062
AMORTISATION
At 1 April 2023 30,624
Charge for year 8,812
At 31 March 2024 39,436
NET BOOK VALUE
At 31 March 2024 11,626
At 31 March 2023 8,438

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 27,910
Additions 8,595
At 31 March 2024 36,505
DEPRECIATION
At 1 April 2023 17,841
Charge for year 1,939
At 31 March 2024 19,780
NET BOOK VALUE
At 31 March 2024 16,725
At 31 March 2023 10,069

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,627 64,812
Other debtors 1,800 1,800
77,427 66,612

HUNTER SIMMONS LTD (REGISTERED NUMBER: 07577111)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,791 -
Taxation and social security 63,921 63,989
Other creditors 56,405 52,879
134,117 116,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 23,248 33,177

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr AJ Simmons and Mr SC Hunter, directors of the company..