Hutton Equine Limited 09906945 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of veterinary services Digita Accounts Production Advanced 6.30.9574.0 true 09906945 2024-01-01 2024-12-31 09906945 2024-12-31 09906945 core:RetainedEarningsAccumulatedLosses 2024-12-31 09906945 core:ShareCapital 2024-12-31 09906945 core:CurrentFinancialInstruments 2024-12-31 09906945 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09906945 core:FurnitureFittings 2024-12-31 09906945 core:MotorVehicles 2024-12-31 09906945 bus:SmallEntities 2024-01-01 2024-12-31 09906945 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09906945 bus:FilletedAccounts 2024-01-01 2024-12-31 09906945 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09906945 bus:Director2 2024-01-01 2024-12-31 09906945 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09906945 core:FurnitureFittings 2024-01-01 2024-12-31 09906945 core:MotorVehicles 2024-01-01 2024-12-31 09906945 core:PlantMachinery 2024-01-01 2024-12-31 09906945 countries:AllCountries 2024-01-01 2024-12-31 09906945 2023-12-31 09906945 core:FurnitureFittings 2023-12-31 09906945 core:MotorVehicles 2023-12-31 09906945 2023-01-01 2023-12-31 09906945 2023-12-31 09906945 core:RetainedEarningsAccumulatedLosses 2023-12-31 09906945 core:ShareCapital 2023-12-31 09906945 core:CurrentFinancialInstruments 2023-12-31 09906945 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09906945 core:FurnitureFittings 2023-12-31 09906945 core:MotorVehicles 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 09906945

Hutton Equine Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Hutton Equine Limited

(Registration number: 09906945)

Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

8,735

26,235

Current assets

 

Stocks

12,300

12,000

Debtors

4

21,124

13,920

Cash at bank and in hand

 

184,654

123,000

 

218,078

148,920

Creditors: Amounts falling due within one year

5

(76,298)

(37,829)

Net current assets

 

141,780

111,091

Total assets less current liabilities

 

150,515

137,326

Provisions for liabilities

(2,184)

(6,559)

Net assets

 

148,331

130,767

Capital and reserves

 

Called up share capital

100

100

Retained earnings

148,231

130,667

Shareholders' funds

 

148,331

130,767

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 8 May 2025
 

.........................................

S L Hutton

Director

 

Hutton Equine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

Accounting policies

Statutory information

Hutton Equine Limited is a private company, limited by shares, domiciled in England and Wales, company number 09906945. The registered office is at The Old Farmhouse, Briery Busk Farm, Sheffield, S36 2AS.

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of sale or upon the delivery of services.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

 

Hutton Equine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

1

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor vehicles

25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost

At 1 January 2024

147,137

27,990

175,127

At 31 December 2024

147,137

27,990

175,127

Depreciation

At 1 January 2024

127,314

21,578

148,892

Charge for the year

11,088

6,412

17,500

At 31 December 2024

138,402

27,990

166,392

Carrying amount

At 31 December 2024

8,735

-

8,735

At 31 December 2023

19,823

6,412

26,235

 

Hutton Equine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Debtors

2024
£

2023
£

Trade debtors

17,992

10,222

Prepayments

3,132

3,698

 

21,124

13,920

5

Creditors

2024
£

2023
£

Due within one year

Trade creditors

8,595

12,000

Taxation and social security

53,402

21,243

Accruals and deferred income

4,500

4,235

Director's loan account

9,801

351

76,298

37,829