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HURST FINANCIAL CONSULTANCY LIMITED

Registered Number
05616157
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

HURST FINANCIAL CONSULTANCY LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

BUDDEN, Jonathan Paul
HEMBURY, Roger James
HURST, Michael Stephen John

Registered Address

33 Brown Street
Salisbury
SP1 2AS

Registered Number

05616157 (England and Wales)
HURST FINANCIAL CONSULTANCY LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets327,40032,737
27,40032,737
Current assets
Debtors42,375,2632,378,835
Cash at bank and on hand641,740242,205
3,017,0032,621,040
Creditors amounts falling due within one year5(136,395)(112,089)
Net current assets (liabilities)2,880,6082,508,951
Total assets less current liabilities2,908,0082,541,688
Net assets2,908,0082,541,688
Capital and reserves
Called up share capital10,00010,000
Profit and loss account2,898,0082,531,688
Shareholders' funds2,908,0082,541,688
The financial statements were approved and authorised for issue by the Board of Directors on 29 May 2025, and are signed on its behalf by:
HURST, Michael Stephen John
Director
Registered Company No. 05616157
HURST FINANCIAL CONSULTANCY LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings33
Vehicles20
Office Equipment33
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year45
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 December 2328,5001,599103,9061,529135,534
Additions--2,5552,0964,651
At 30 November 2428,5001,599106,4613,625140,185
Depreciation and impairment
At 01 December 2312,4691,45688,386486102,797
Charge for year4,008295,5194329,988
At 30 November 2416,4771,48593,905918112,785
Net book value
At 30 November 2412,02311412,5562,70727,400
At 30 November 2316,03114315,5201,04332,737
4.Debtors: amounts due within one year

2024

2023

££
Other debtors2,372,9122,378,835
Prepayments and accrued income2,351-
Total2,375,2632,378,835
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security124,109108,720
Other creditors12,2862,889
Accrued liabilities and deferred income-480
Total136,395112,089
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.