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Company Registration No. NI063689 (Northern Ireland)
Huston Ltd Unaudited accounts for the year ended 31 March 2024
Huston Ltd Unaudited accounts Contents
Page
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Huston Ltd Company Information for the year ended 31 March 2024
Directors
Felicity Huston Adrian Huston Alexander Huston Patrick Huston
Company Number
NI063689 (Northern Ireland)
Registered Office
13 Cabin Hill Gardens Ballycloghan BELFAST BT5 7AP UK
Accountants
Huston & Co 13 Cabin Hill Gardens Ballycloghan BELFAST Co Down BT5 7AP
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Huston Ltd Accountants' report
Accountants' report to the board of directors of Huston Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Huston Ltd for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Huston Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Huston Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Huston Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Huston Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Huston Ltd. You consider that Huston Ltd 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 Huston Ltd. 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 accounts.
Huston & Co 13 Cabin Hill Gardens Ballycloghan BELFAST Co Down BT5 7AP 26 November 2024
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Huston Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
3,327 
4,053 
3,328 
4,054 
Current assets
Debtors
6,004 
9,863 
Cash at bank and in hand
74,685 
50,725 
80,689 
60,588 
Creditors: amounts falling due within one year
(104,856)
(92,091)
Net current liabilities
(24,167)
(31,503)
Net liabilities
(20,839)
(27,449)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(20,939)
(27,549)
Shareholders' funds
(20,839)
(27,449)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Adrian Huston Director Company Registration No. NI063689
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Huston Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Huston Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI063689. The registered office is 13 Cabin Hill Gardens, Ballycloghan, BELFAST, BT5 7AP, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives until the expected retirement date of the directors. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
252,000 
At 31 March 2024
252,000 
Amortisation
At 1 April 2023
251,999 
At 31 March 2024
251,999 
Net book value
At 31 March 2024
1 
At 31 March 2023
1 
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Huston Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
9,273 
Additions
383 
At 31 March 2024
9,656 
Depreciation
At 1 April 2023
5,220 
Charge for the year
1,109 
At 31 March 2024
6,329 
Net book value
At 31 March 2024
3,327 
At 31 March 2023
4,053 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
652 
- 
Trade debtors
5,352 
7,603 
Other debtors
- 
2,260 
6,004 
9,863 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,916 
7,925 
Trade creditors
- 
3,445 
Taxes and social security
(361)
- 
Loans from directors
98,301 
80,721 
104,856 
92,091 
Apart from current VAT and Corporation Tax the only creditors are directors in respect of loans made to the company.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Pension commitments
The company pays pension contributions for all employees.
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Huston Ltd Notes to the Accounts for the year ended 31 March 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Patrick Huston
Loan
2,260 
- 
2,260 
- 
2,260 
- 
2,260 
- 
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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