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REGISTERED NUMBER: 07956059 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HUNTER FOODS LTD

HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HUNTER FOODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr N A Hunter





REGISTERED OFFICE: Hunter Foods Ltd T/A Subway
Safety House
Kerfoot Street
Warrington
Cheshire
WA2 8NU





REGISTERED NUMBER: 07956059 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 253,689 531,850
Tangible assets 5 666,689 757,616
920,378 1,289,466

CURRENT ASSETS
Stocks 63,958 69,452
Debtors 53,811 153,483
Cash at bank and in hand 324,681 168,047
442,450 390,982
CREDITORS
Amounts falling due within one year (634,800 ) (724,917 )
NET CURRENT LIABILITIES (192,350 ) (333,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

728,028

955,531

CREDITORS
Amounts falling due after more than one year 6 (657,600 ) (674,919 )

PROVISIONS FOR LIABILITIES 9 (70,000 ) (83,000 )
NET ASSETS 428 197,612

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 228 197,412
SHAREHOLDERS' FUNDS 428 197,612

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.

HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 February 2025 and were signed by:





Mr N A Hunter - Director


HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

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


1. STATUTORY INFORMATION

Hunter Foods Ltd 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on sale of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisitions of the businesses, is being amortised evenly over its estimated useful life as follows;

Sefton Street acquired 2012 - 9 years
Belle Vale acquired 2012 - 9 years
Aigburth Road acquired 2014 - 10 years
Allerton Road acquired 2016 - 10 years
Smithdown Road acquired 2016 - 10 years
Frodsham acquired 2019 - 5 years
Kerfoot Road acquired 2021 - 3 years
Stockton Heath acquired 2021 - 1 year
Upton Rocks acquired 2022 - 3 years
Murray Road acquired 2022 - 6 years
Dalton Road acquired 2022 - 12 years
Lowther Street acquired 2022 - 5 years
Dunmail Park acquired 2022 - 1 year
Hindpool Retail Park acquired 2022 - 3 years

HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

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


2. ACCOUNTING POLICIES - continued

Franchise costs
Franchise costs, being the amounts paid in connection with the acquisitions of the businesses, are being amortised evenly over their estimated useful life as follows;

Sefton Street acquired 2012 - 9 years
Belle Vale acquired 2012 - 9 years
Gateacre Park acquired 2014 - 10 years
Sankey Hub acquired 2018 - 10 years
Frodsham acquired 2019 - 5 years
Halewood acquired 2019 - 8 years
Kerfoot Road acquired 2021 -3 years
Stockton Heath acquired 2021 - 1 year
Upton Rocks acquired 2022 - 3 years
Murray Road acquired 2022 - 6 years
Dalton Road acquired 2022 - 12 years
Lowther Street acquired 2022 - 5 years
Dunmail Park acquired 2022 - 1 year
Hindpool Retail Park acquired 2022 - 3 years

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Short leasehold property-15% on reducing balance
Equipment-15% on reducing balance and over the period of the lease
Fixtures and fittings-15% on reducing balance
Computer equipment-Straight line over 3 years

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

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


2. ACCOUNTING POLICIES - continued

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 91 (2023 - 92 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 1,429,049
AMORTISATION
At 1 June 2023 897,199
Amortisation for year 278,161
At 31 May 2024 1,175,360
NET BOOK VALUE

At 31 May 2024 253,689
At 31 May 2023 531,850

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,051,163
Additions 18,617
At 31 May 2024 1,069,780
DEPRECIATION
At 1 June 2023 293,547
Charge for year 109,544
At 31 May 2024 403,091
NET BOOK VALUE
At 31 May 2024 666,689
At 31 May 2023 757,616


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more than 5 years 34,722 -

HUNTER FOODS LTD (REGISTERED NUMBER: 07956059)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 40,027 3,250
Between one and five years 432,500 202,069
In more than five years - 142,040
472,527 347,359

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 332,788 128,563
Other loans 580,213 765,385
Hire purchase contracts - 18,757
913,001 912,705

The bank loans are secured by a government EFG Scheme (75%) and by the personal guarantee of the director (25%).
Other loans totalling £107,213 are secured by the personal guarantee of the director.
Other loans totalling £473,000 are secured on specific personal assets owned by the director.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 70,000 83,000

Deferred
tax
£   
Balance at 1 June 2023 83,000
Provided during year (13,000 )
Balance at 31 May 2024 70,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £2 200 200