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REGISTERED NUMBER: SC534690 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HUXTABLE DESIGN AND BUILD LTD

HUXTABLE DESIGN AND BUILD LTD (REGISTERED NUMBER: SC534690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUXTABLE DESIGN AND BUILD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A Huxtable
C Douglas





SECRETARY: A Huxtable





REGISTERED OFFICE: 16 Greenan Park
Alloway
AYR
Ayrshire
KA7 4EL





REGISTERED NUMBER: SC534690 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

HUXTABLE DESIGN AND BUILD LTD (REGISTERED NUMBER: SC534690)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,861 48,585

CURRENT ASSETS
Stocks 32,208 126,588
Debtors 5 78,053 54,324
Cash at bank 28,141 1,716
138,402 182,628
CREDITORS
Amounts falling due within one year 6 94,041 202,554
NET CURRENT ASSETS/(LIABILITIES) 44,361 (19,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,222

28,659

CREDITORS
Amounts falling due after more than one
year

7

(106,529

)

(64,281

)

PROVISIONS FOR LIABILITIES 8 (632 ) (1,064 )
NET ASSETS/(LIABILITIES) 28,061 (36,686 )

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Retained earnings 10 26,061 (38,686 )
SHAREHOLDERS' FUNDS 28,061 (36,686 )

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

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

HUXTABLE DESIGN AND BUILD LTD (REGISTERED NUMBER: SC534690)

BALANCE SHEET - continued
31 MAY 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 3 February 2025 and were signed on its behalf by:





A Huxtable - Director


HUXTABLE DESIGN AND BUILD LTD (REGISTERED NUMBER: SC534690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Huxtable Design And Build 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 - 20% on reducing balance
Motor vehicles - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

HUXTABLE DESIGN AND BUILD LTD (REGISTERED NUMBER: SC534690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 2,490 93,712 4,612 100,814
Additions - 70,469 2,007 72,476
At 31 May 2024 2,490 164,181 6,619 173,290
DEPRECIATION
At 1 June 2023 1,190 48,190 2,849 52,229
Charge for year 260 28,997 943 30,200
At 31 May 2024 1,450 77,187 3,792 82,429
NET BOOK VALUE
At 31 May 2024 1,040 86,994 2,827 90,861
At 31 May 2023 1,300 45,522 1,763 48,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,665 54,324
VAT 388 -
78,053 54,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,102 16,340
Trade creditors 45,056 54,605
Tax 1 -
Social security and other taxes 8,155 88,621
VAT - 19,237
Directors' current accounts 23,727 23,751
94,041 202,554

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce Back Loan 33,866 39,352
Hire purchase contracts 72,663 24,929
106,529 64,281

HUXTABLE DESIGN AND BUILD LTD (REGISTERED NUMBER: SC534690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions
Holiday pay provision 632 1,064

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,500 Ordinary Shares 1 1,500 1,500
500 Ordinary A Shares 1 500 500
2,000 2,000

10. RESERVES
Retained
earnings
£   

At 1 June 2023 (38,686 )
Profit for the year 64,747
At 31 May 2024 26,061

11. RELATED PARTY DISCLOSURES

A Huxtable

2024 2023
£    £   
Amount due to related party at the balance sheet date 84 108

C Douglas

2024 2023
£    £   
Amount due to related party at the balance sheet date 23,643 23,643