0 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02406460 2024-01-01 2024-12-31 02406460 2024-12-31 02406460 2023-12-31 02406460 2023-01-01 2023-12-31 02406460 2023-12-31 02406460 2022-12-31 02406460 bus:RegisteredOffice 2024-01-01 2024-12-31 02406460 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 02406460 bus:Director1 2024-01-01 2024-12-31 02406460 bus:Director2 2024-01-01 2024-12-31 02406460 bus:Director3 2024-01-01 2024-12-31 02406460 bus:CompanySecretary1 2024-01-01 2024-12-31 02406460 core:NetGoodwill 2024-12-31 02406460 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 02406460 core:PlantMachinery 2023-12-31 02406460 core:FurnitureFittingsToolsEquipment 2023-12-31 02406460 core:MotorVehicles 2023-12-31 02406460 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 02406460 core:PlantMachinery 2024-12-31 02406460 core:FurnitureFittingsToolsEquipment 2024-12-31 02406460 core:MotorVehicles 2024-12-31 02406460 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02406460 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02406460 core:WithinOneYear 2024-12-31 02406460 core:WithinOneYear 2023-12-31 02406460 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02406460 core:PlantMachinery 2024-01-01 2024-12-31 02406460 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02406460 core:MotorVehicles 2024-01-01 2024-12-31 02406460 core:ShareCapital 2024-12-31 02406460 core:ShareCapital 2023-12-31 02406460 core:RetainedEarningsAccumulatedLosses 2024-12-31 02406460 core:RetainedEarningsAccumulatedLosses 2023-12-31 02406460 core:ShareCapital 2022-12-31 02406460 core:RetainedEarningsAccumulatedLosses 2022-12-31 02406460 core:PreviouslyStatedAmount core:ShareCapital 2024-12-31 02406460 core:NetGoodwill 2023-12-31 02406460 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 02406460 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 02406460 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 02406460 core:Non-currentFinancialInstruments 2024-12-31 02406460 core:Non-currentFinancialInstruments 2023-12-31 02406460 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 02406460 core:PlantMachinery 2023-12-31 02406460 core:FurnitureFittingsToolsEquipment 2023-12-31 02406460 core:MotorVehicles 2023-12-31 02406460 bus:SmallEntities 2024-01-01 2024-12-31 02406460 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02406460 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02406460 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02406460 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 02406460
Hunton Legg ( Running Gear ) Limited
Unaudited filleted financial statements
31 December 2024
Hunton Legg ( Running Gear ) Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Hunton Legg ( Running Gear ) Limited
Directors and other information
Directors Mr M N Legg
Mrs A C Legg
Mrs Sarah Rushmer (Appointed 21 November 2024)
Secretary Mrs A C Legg
Company number 02406460
Registered office The Chestnuts
Monewden
Woodbridge
Suffolk
IP13 7BY
Business address The Chestnuts
Monewden
Woodbridge
Suffolk
IP13 7BY
Accountant Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre
Hadleigh Road Ind Est, Dunlop Road
Ipswich, Suffolk
IP2 0UG
Bankers Barclays Bank
Leicester
LE87 2BB
Hunton Legg ( Running Gear ) Limited
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Hunton Legg ( Running Gear ) Limited
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Simon Emmerson
Deeks & King
Unit 2 The Rutherford Centre
Hadleigh Road Ind Est, Dunlop Road
Ipswich, Suffolk
IP2 0UG
6 May 2025
Hunton Legg ( Running Gear ) Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 3,808,942 2,794,953
Investments 7 20,000 270,000
_______ _______
3,828,942 3,064,953
Current assets
Stocks 20,505 15,314
Debtors 8 64,614 102,144
Cash at bank and in hand 68,725 346,965
_______ _______
153,844 464,423
Creditors: amounts falling due
within one year 9 ( 115,645) ( 105,183)
_______ _______
Net current assets 38,199 359,240
_______ _______
Total assets less current liabilities 3,867,141 3,424,193
Provisions for liabilities ( 43,494) ( 44,816)
_______ _______
Net assets 3,823,647 3,379,377
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 3,822,647 3,378,377
_______ _______
Shareholders funds 3,823,647 3,379,377
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 May 2025 , and are signed on behalf of the board by:
Mr M N Legg
Director
Company registration number: 02406460
Hunton Legg ( Running Gear ) Limited
Statement of changes in equity
Year ended 31 December 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2023 1,000 3,207,347 3,208,347
Profit for the year 221,030 221,030
_______ _______ _______
Total comprehensive income for the year - 221,030 221,030
Dividends paid and payable ( 50,000) ( 50,000)
_______ _______ _______
Total investments by and distributions to owners - ( 50,000) ( 50,000)
_______ _______ _______
At 31 December 2023 and 1 January 2024 1,000 3,378,377 3,379,377
Profit for the year 444,270 444,270
_______ _______ _______
Total comprehensive income for the year - 444,270 444,270
_______ _______ _______
At 31 December 2024 1,000 3,822,647 3,823,647
_______ _______ _______
Hunton Legg ( Running Gear ) Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Chestnuts, Monewden, Woodbridge, Suffolk, IP13 7BY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured 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 the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2024 and 31 December 2024 132,002 132,002
_______ _______
Amortisation
At 1 January 2024 and 31 December 2024 132,002 132,002
_______ _______
Carrying amount
At 31 December 2024 - -
_______ _______
At 31 December 2023 - -
_______ _______
6. Tangible assets
Freehold land & property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 January 2024 2,770,219 863,653 45,600 20,300 3,699,772
Additions 2,258,431 79,895 - 26,999 2,365,325
Disposals ( 1,555,857) ( 2,000) - - ( 1,557,857)
_______ _______ _______ _______ _______
At 31 December 2024 3,472,793 941,548 45,600 47,299 4,507,240
_______ _______ _______ _______ _______
Depreciation
At 1 January 2024 151,852 693,087 39,757 20,123 904,819
Charge for the year 2,964 44,723 1,050 6,793 55,530
Disposals ( 262,051) - - - ( 262,051)
_______ _______ _______ _______ _______
At 31 December 2024 ( 107,235) 737,810 40,807 26,916 698,298
_______ _______ _______ _______ _______
Carrying amount
At 31 December 2024 3,580,028 203,738 4,793 20,383 3,808,942
_______ _______ _______ _______ _______
At 31 December 2023 2,618,367 170,566 5,843 177 2,794,953
_______ _______ _______ _______ _______
7. Investments
Other investments other than loans Total
£ £
Cost
At 1 January 2024 270,000 270,000
Additions ( 250,000) ( 250,000)
_______ _______
At 31 December 2024 20,000 20,000
_______ _______
Impairment
At 1 January 2024 and 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 20,000 20,000
_______ _______
At 31 December 2023 270,000 270,000
_______ _______
8. Debtors
2024 2023
£ £
Trade debtors 17,302 27,803
Other debtors 47,312 74,341
_______ _______
64,614 102,144
_______ _______
9. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 69,265 24,726
Corporation tax 42,380 74,538
Social security and other taxes - 1,919
Other creditors 4,000 4,000
_______ _______
115,645 105,183
_______ _______