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REGISTERED NUMBER: SC463651 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

HUNTINGTOWER PLANT LTD

HUNTINGTOWER PLANT LTD (Registered number: SC463651)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

HUNTINGTOWER PLANT LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D J McCormack
MRS J MCCORMACK





REGISTERED OFFICE: Parkside Main Street
Cowie
Stirlingshire
FK7 7BN





REGISTERED NUMBER: SC463651 (Scotland)





ACCOUNTANTS: William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA

HUNTINGTOWER PLANT LTD (Registered number: SC463651)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,190 131,436

CURRENT ASSETS
Stocks 5,000 85,000
Debtors 5 61,127 9,896
Cash at bank 80,455 49,255
146,582 144,151
CREDITORS
Amounts falling due within one year 6 132,264 104,088
NET CURRENT ASSETS 14,318 40,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,508

171,499

CREDITORS
Amounts falling due after more than one
year

7

27,465

30,956
NET ASSETS 151,043 140,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 150,943 140,443
151,043 140,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

HUNTINGTOWER PLANT LTD (Registered number: SC463651)

Statement of Financial Position - continued
29 February 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 November 2024 and were signed on its behalf by:





D J McCormack - Director


HUNTINGTOWER PLANT LTD (Registered number: SC463651)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

HUNTINGTOWER PLANT LTD is a private company, limited by shares , registered in Scotland. 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HUNTINGTOWER PLANT LTD (Registered number: SC463651)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 154,630
Additions 104,828
Disposals (38,900 )
At 29 February 2024 220,558
DEPRECIATION
At 1 March 2023 23,194
Charge for year 39,009
Eliminated on disposal (5,835 )
At 29 February 2024 56,368
NET BOOK VALUE
At 29 February 2024 164,190
At 28 February 2023 131,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 61,127 -
Other debtors - 9,896
61,127 9,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 55,456 66,377
HP Creditors 34,705 31,518
Tax 12,339 3,592
VAT 1,163 -
Directors' current accounts 25,001 1
Accrued expenses 3,600 2,600
132,264 104,088

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 27,465 30,956

HUNTINGTOWER PLANT LTD

Report of the Accountants to the Directors of
HUNTINGTOWER PLANT LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA


29 November 2024