| REGISTERED NUMBER: |
| D C Hunt Engineers Limited |
| Unaudited Financial Statements for the Year Ended 30 June 2024 |
| REGISTERED NUMBER: |
| D C Hunt Engineers Limited |
| Unaudited Financial Statements for the Year Ended 30 June 2024 |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| D C Hunt Engineers Limited |
| Company Information |
| for the Year Ended 30 June 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 5 Queen Street |
| Great Yarmouth |
| Norfolk |
| NR30 2QP |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Statement of Financial Position |
| 30 June 2024 |
| 30/6/24 | 30/6/23 |
| Notes | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Prepayments and accrued income |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities | 9 |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| 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. |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Statement of Financial Position - continued |
| 30 June 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2024 |
| 1. | Statutory information |
| D C Hunt Engineers Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Goodwill is stated at cost less accumulated amortisation. Amortisation is provided to write off the cost over the remainder of its expected economic life. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant & machinery 15% per annum reducing balance basis |
| Office equipment 25% per annum reducing balance basis |
| Motor vehicles 25% per annum reducing balance basis |
| Stock & work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisible value, after making due allowance for obsolete items. |
| Financial instruments |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2024 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Pension costs |
| The company operates a defined contribution pension scheme and the pension charge represents the amount payable by the company to the scheme during the year. The scheme and its assets are held by an independent organisation. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 July 2023 |
| and 30 June 2024 |
| Amortisation |
| At 1 July 2023 |
| and 30 June 2024 |
| Net book value |
| At 30 June 2024 |
| At 30 June 2023 |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2024 |
| 5. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 July 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2024 |
| Depreciation |
| At 1 July 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 June 2024 |
| Net book value |
| At 30 June 2024 |
| At 30 June 2023 |
| 6. | Debtors: amounts falling due within one year |
| 30/6/24 | 30/6/23 |
| £ | £ |
| Trade debtors |
| 7. | Creditors: amounts falling due within one year |
| 30/6/24 | 30/6/23 |
| £ | £ |
| Other loans (see note 8) |
| Trade creditors |
| Corporation Tax | 19,092 | 11,223 |
| Social security and other taxes |
| Vat accrual | 17,700 | 16,353 |
| Other creditors |
| Directors current account | 1,762 | 16,925 |
| 8. | Loans |
| An analysis of the maturity of loans is given below: |
| 30/6/24 | 30/6/23 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank & other loans |
| 9. | Provisions for liabilities |
| 30/6/24 | 30/6/23 |
| £ | £ |
| Deferred tax | 17,262 | 2,614 |
| D C Hunt Engineers Limited (Registered number: 05142902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2024 |
| 9. | Provisions for liabilities - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2023 |
| Charge to Income Statement during year |
| Balance at 30 June 2024 |
| 10. | Related party disclosures |
| a) During the year the company received advances from director DC Hunt, which were unsecured and interest free. The amount due to DC Hunt at the year end amounted to £1,762 (2023 £16,925) |
| b) During the year the company made advances to director D C Hunt. The loan was unsecured and interest free.The maximum amount of the loan was £1,838. The loan was fully repaid before the year end. |
| c)) During the year the company received a loan from the directors wife amounting to £1,900. The loan was unsecured, interest free and was fully repaid during the year. The amount outstanding at the year end was £0 (2023 £1,900) |
| d) During the year the company paid salaries to the directors wife and other family members for services provided to the company amounting to £102,905 (2023 £64.777). The company also made pension contributions for the directors wife and other family members amounting to £2,167 (2023 £1,336) |
| e) During the year the company occupied premises owned by the director and his wife, rent free. |
| 11. | Ultimate controlling party |
| The controlling party is DC Hunt. |