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REGISTERED NUMBER: 01314965 (England and Wales)















J.M.Hunt & Co. (Normanton) Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






J.M.Hunt & Co. (Normanton) Limited (Registered number: 01314965)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


J.M.Hunt & Co. (Normanton) Limited (Registered number: 01314965)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,705 100,247

CURRENT ASSETS
Stocks 201,519 194,104
Debtors 5 473,982 498,387
Cash at bank and in hand 967,506 841,280
1,643,007 1,533,771
CREDITORS
Amounts falling due within one year 6 519,397 513,583
NET CURRENT ASSETS 1,123,610 1,020,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,269,315

1,120,435

CREDITORS
Amounts falling due after more than one year 7 (38,500 ) -

PROVISIONS FOR LIABILITIES (36,426 ) (19,850 )
NET ASSETS 1,194,389 1,100,585

CAPITAL AND RESERVES
Called up share capital 76 76
Capital redemption reserve 24 24
Retained earnings 1,194,289 1,100,485
SHAREHOLDERS' FUNDS 1,194,389 1,100,585

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 director acknowledges his 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.

J.M.Hunt & Co. (Normanton) Limited (Registered number: 01314965)

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 director and authorised for issue on 26 February 2025 and were signed by:





Sean Brian Stephen Hunt - Director


J.M.Hunt & Co. (Normanton) Limited (Registered number: 01314965)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

J.M.Hunt & Co. (Normanton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01314965

Registered office: 389-391 Castleford Road
Normanton
West Yorkshire
WF6 1RQ

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 - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

J.M.Hunt & Co. (Normanton) Limited (Registered number: 01314965)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 26,565 308,483 36,384 371,432
Additions 8,983 66,000 - 74,983
At 31 May 2024 35,548 374,483 36,384 446,415
DEPRECIATION
At 1 June 2023 26,565 210,462 34,158 271,185
Charge for year 898 27,805 822 29,525
At 31 May 2024 27,463 238,267 34,980 300,710
NET BOOK VALUE
At 31 May 2024 8,085 136,216 1,404 145,705
At 31 May 2023 - 98,021 2,226 100,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 472,316 492,571
Prepayments 1,666 5,816
473,982 498,387

J.M.Hunt & Co. (Normanton) Limited (Registered number: 01314965)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,000 -
Trade creditors 246,052 278,195
Corporation tax 52,476 28,863
Social security and other taxes 1,851 3,165
Value added tax 24,587 5,577
Directors' current accounts 166,291 171,441
Accrued expenses 6,140 26,342
519,397 513,583

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 38,500 -