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REGISTERED NUMBER: 02416841 (England and Wales)








L. HUNT & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

L. HUNT & SONS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: G P Hunt
I K Hunt
D E Hunt





SECRETARY: Mrs S E Hunt





REGISTERED OFFICE: Reynard House
Weston Road
Upton Grey
Basingstoke
Hampshire
RG25 2RJ





REGISTERED NUMBER: 02416841 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

BALANCE SHEET
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 963,842 694,966
Investment property 5 440,137 440,137
1,403,979 1,135,103

CURRENT ASSETS
Stocks 15,055 8,480
Debtors 6 344,121 290,986
Cash at bank 339,583 268,478
698,759 567,944
CREDITORS
Amounts falling due within one year 7 (409,222 ) (305,613 )
NET CURRENT ASSETS 289,537 262,331
TOTAL ASSETS LESS CURRENT LIABILITIES 1,693,516 1,397,434

CREDITORS
Amounts falling due after more than one year 8 (615,050 ) (416,784 )

PROVISIONS FOR LIABILITIES (187,666 ) (152,550 )
NET ASSETS 890,800 828,100

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 889,900 827,200
SHAREHOLDERS' FUNDS 890,800 828,100

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

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

L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





G P Hunt - Director


L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

L. Hunt & Sons 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102 1A) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Unless indicated otherwise in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

The directors have made key assumptions in the determination of the fair value of an investment property. The valuation method is further described in the Investment Property note together with the valuation of the property at the reporting date.

Turnover
Turnover represents net invoiced sales of services, namely road haulage and storage services, excluding value added tax and trade discounts.

Haulage income is recognised when the goods are delivered whilst storage income is recognised over the course of the storage period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in the profit and loss account, and included in administrative expenses.

Investment property
Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Stocks
Stocks are valued at the lower of cost and net realisable value.

Financial instruments
Financial instruments are classified as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Current tax
Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2024 286,261 1,924,239 2,210,500
Additions 2,480 494,733 497,213
At 31 December 2024 288,741 2,418,972 2,707,713
DEPRECIATION
At 1 January 2024 201,506 1,314,028 1,515,534
Charge for year 8,341 219,996 228,337
At 31 December 2024 209,847 1,534,024 1,743,871
NET BOOK VALUE
At 31 December 2024 78,894 884,948 963,842
At 31 December 2023 84,755 610,211 694,966

L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

The company has allowed fixed and floating charge over the company's assets, including the tangible fixed assets with a carrying amount of £963,843, as security for the bank loans.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 January 2024 689,230
Additions 468,369
Transfer to ownership (463,808 )
At 31 December 2024 693,791
DEPRECIATION
At 1 January 2024 338,778
Charge for year 149,760
Transfer to ownership (340,848 )
At 31 December 2024 147,690
NET BOOK VALUE
At 31 December 2024 546,101
At 31 December 2023 350,452

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2024
and 31 December 2024 440,137
NET BOOK VALUE
At 31 December 2024 440,137
At 31 December 2023 440,137

The valuations of the investment property were made in December 2024 by the directors on an open market basis. The directors believe that these valuations are representative of the value of the properties as at 31 December 2024.

The historic cost of the investment property was £440,137 and there is no related aggregate depreciation.

The company has allowed a fixed and floating charge over the investment property with a carrying amount of £440,137 as security for the bank loan.

L. HUNT & SONS LIMITED (REGISTERED NUMBER: 02416841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 291,504 245,054
Other debtors 52,617 45,932
344,121 290,986

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans 9,374 9,582
Hire purchase contracts 166,213 115,828
Trade creditors 103,351 62,712
Taxation and social security 94,491 88,621
Other creditors 35,793 28,870
409,222 305,613

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 291,787 84,064
Bank loans 323,263 332,720
615,050 416,784

The aggregate amount of creditors for which security has been given amounted to £790,637 (2023: £542,192). Bank loans totalling £332,637 (2023: £342,302) are secured by a debenture, a fixed and floating charge over the assets of the company.

The hire purchase creditor is secured over the assets to which it relates.

Bank loans include aggregate amounts of £422,601 (2023: £451,646) which fall due after 5 years and which are payable by instalments.

9. RELATED PARTY DISCLOSURES

The company occupies land which is owned by the directors/shareholders personally under a licence which provides for an annual rental of £1.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
L. HUNT & SONS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L. Hunt & Sons Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L. Hunt & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L. Hunt & Sons Limited and state those matters that we have agreed to state to the Board of Directors of L. Hunt & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L. Hunt & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L. Hunt & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of L. Hunt & Sons Limited. You consider that L. Hunt & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L. Hunt & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


26 February 2025