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REGISTERED NUMBER: 00930883 (England and Wales)















HURSTANGER LIMITED

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HURSTANGER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: P J Bull



REGISTERED OFFICE: Friars House
Manor House Drive
Coventry
West Midlands
CV1 2TE



REGISTERED NUMBER: 00930883 (England and Wales)



AUDITORS: Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL



BANKERS: Lloyds TSB Bank plc
30 High Street
Coventry
CV1 5RA

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,703 50,998

CURRENT ASSETS
Debtors 5 362,908 233,811
Cash at bank 76,774 139,784
439,682 373,595
CREDITORS
Amounts falling due within one year 6 189,043 30,551
NET CURRENT ASSETS 250,639 343,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,342

394,042

CREDITORS
Amounts falling due after more than one
year

7

5,663

62,838
NET ASSETS 288,679 331,204

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 288,574 331,099
SHAREHOLDERS' FUNDS 288,679 331,204

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 director and authorised for issue on 20 February 2025 and were signed by:





P J Bull - Director


HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


1. STATUTORY INFORMATION

Hurstanger Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received.

The company recognises turnover at the point of interest received. The principal and interest amounts are split out of the total receipt relative to the terms of customer loan. It does not have any material amounts of deferred income recognised in its liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, cash and bank balances, loans to or from related parties and current asset investments. All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.


HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 4,284 117,168 23,954 145,406
Additions 2,151 - 5,058 7,209
At 31 October 2024 6,435 117,168 29,012 152,615
DEPRECIATION
At 1 November 2023 3,349 67,738 23,321 94,408
Charge for year 459 12,357 1,688 14,504
At 31 October 2024 3,808 80,095 25,009 108,912
NET BOOK VALUE
At 31 October 2024 2,627 37,073 4,003 43,703
At 31 October 2023 935 49,430 633 50,998

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 117,168
DEPRECIATION
At 1 November 2023 67,738
Charge for year 12,357
At 31 October 2024 80,095
NET BOOK VALUE
At 31 October 2024 37,073
At 31 October 2023 49,430

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 49,263 87,878
Amounts owed by group undertakings 195,502 -
Other debtors 7,079 6,877
251,844 94,755

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Trade debtors 111,064 139,056

Aggregate amounts 362,908 233,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,418 8,418
Hire purchase contracts (see note 8) 48,776 13,236
Trade creditors 6,543 6,822
Amounts owed to group undertakings 116,398 706
Taxation and social security 679 772
Other creditors 8,229 597
189,043 30,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,663 14,062
Hire purchase contracts (see note 8) - 48,776
5,663 62,838

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 48,776 13,236
Between one and five years - 48,776
48,776 62,012

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 5,232
Between one and five years - 3,488
- 8,720

HURSTANGER LIMITED (REGISTERED NUMBER: 00930883)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 48,776 62,012

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Douglas Connell (Senior Statutory Auditor)
for and on behalf of Sephton & Company LLP

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
P J Bull
Balance outstanding at start of year (396 ) 54,668
Amounts advanced 254,658 74,246
Amounts repaid (254,996 ) (129,310 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (734 ) (396 )