Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-3010falsefalse2023-10-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03093892 2023-10-01 2024-09-30 03093892 2022-10-01 2023-09-30 03093892 2024-09-30 03093892 2023-09-30 03093892 c:Director1 2023-10-01 2024-09-30 03093892 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 03093892 d:Buildings d:ShortLeaseholdAssets 2024-09-30 03093892 d:Buildings d:ShortLeaseholdAssets 2023-09-30 03093892 d:PlantMachinery 2023-10-01 2024-09-30 03093892 d:PlantMachinery 2024-09-30 03093892 d:PlantMachinery 2023-09-30 03093892 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03093892 d:MotorVehicles 2023-10-01 2024-09-30 03093892 d:MotorVehicles 2024-09-30 03093892 d:MotorVehicles 2023-09-30 03093892 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03093892 d:OfficeEquipment 2023-10-01 2024-09-30 03093892 d:OfficeEquipment 2024-09-30 03093892 d:OfficeEquipment 2023-09-30 03093892 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03093892 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03093892 d:CurrentFinancialInstruments 2024-09-30 03093892 d:CurrentFinancialInstruments 2023-09-30 03093892 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03093892 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03093892 d:ShareCapital 2024-09-30 03093892 d:ShareCapital 2023-09-30 03093892 d:SharePremium 2024-09-30 03093892 d:SharePremium 2023-09-30 03093892 d:RetainedEarningsAccumulatedLosses 2024-09-30 03093892 d:RetainedEarningsAccumulatedLosses 2023-09-30 03093892 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 03093892 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03093892 c:OrdinaryShareClass1 2023-10-01 2024-09-30 03093892 c:OrdinaryShareClass1 2024-09-30 03093892 c:OrdinaryShareClass1 2023-09-30 03093892 c:FRS102 2023-10-01 2024-09-30 03093892 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03093892 c:FullAccounts 2023-10-01 2024-09-30 03093892 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03093892 d:WithinOneYear 2024-09-30 03093892 d:WithinOneYear 2023-09-30 03093892 d:BetweenOneFiveYears 2024-09-30 03093892 d:BetweenOneFiveYears 2023-09-30 03093892 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03093892









HUNTER SCIENTIFIC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
HUNTER SCIENTIFIC LIMITED
REGISTERED NUMBER: 03093892

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
167,678
152,439

CURRENT ASSETS
  

Stocks
  
586,152
552,408

Debtors: amounts falling due within one year
 5 
289,290
313,642

Cash at bank and in hand
  
608,695
629,769

  
1,484,137
1,495,819

Creditors: amounts falling due within one year
 6 
(279,003)
(276,275)

NET CURRENT ASSETS
  
 
 
1,205,134
 
 
1,219,544

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,372,812
1,371,983

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
(30,709)
(28,741)

NET ASSETS
  
1,342,103
1,343,242


CAPITAL AND RESERVES
  

Called up share capital 
 8 
37,427
37,427

Share premium account
  
21,133
21,133

Profit and loss account
  
1,283,543
1,284,682

  
1,342,103
1,343,242



The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
HUNTER SCIENTIFIC LIMITED
REGISTERED NUMBER: 03093892
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M J M Rawe
Director

Date: 5 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Hunter Scientific Limited as a private company limited by shares and incorporated in England and Wales. Its registered office is Unit 1 Priors Hall, Widdington, Saffron Walden, Essex, CB11 3SB.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases.

Depreciation is provided on the following basis:

Leasehold improvements
-
5 years straight-line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 11 (2023 - 10).

Page 6

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 October 2023
85,724
188,062
90,995
15,735
380,516


Additions
-
62,065
-
-
62,065


Disposals
-
(1,655)
-
(825)
(2,480)



At 30 September 2024

85,724
248,472
90,995
14,910
440,101



DEPRECIATION


At 1 October 2023
60,059
79,159
77,218
11,641
228,077


Charge for the year on owned assets
6,131
36,158
3,444
1,089
46,822


Disposals
-
(1,653)
-
(823)
(2,476)



At 30 September 2024

66,190
113,664
80,662
11,907
272,423



NET BOOK VALUE



At 30 September 2024
19,534
134,808
10,333
3,003
167,678



At 30 September 2023
25,665
108,903
13,777
4,094
152,439


5.


DEBTORS

2024
2023
£
£


Trade debtors
157,619
257,623

Other debtors
91,319
-

Prepayments and accrued income
40,352
56,019

289,290
313,642


Included within other debtors, is a loan to a director amounting to £85,000 (2023 - £NIL). The loan bears no interest and is repayable on demand.



Page 7

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
98,548
94,058

Amounts owed to group undertakings
134,547
44,379

Corporation tax
-
104,201

Other taxation and social security
27,523
12,133

Other creditors
-
1,192

Accruals and deferred income
18,385
20,312

279,003
276,275


Other creditors include contributions of £NIL (2023 - £1,192) payable to the Company's defined pension scheme at the balance sheet date. 


7.


DEFERRED TAXATION




2024


£






At beginning of year
(28,741)


Charged to profit or loss
(1,968)



AT END OF YEAR
(30,709)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
30,709
28,741


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



37,427 (2023 - 37,427) Ordinary shares of £1.00 each
37,427
37,427


Page 8

 
HUNTER SCIENTIFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


COMMITMENTS UNDER OPERATING LEASES

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,187
-

Later than 1 year and not later than 5 years
1,107
4,749

2,294
4,749

 
Page 9