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Company registration number:
02395203
Hunter Design Associates Limited
Unaudited filleted financial statements
30 September 2024
Hunter Design Associates Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Hunter Design Associates Limited
Directors and other information
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Director |
Jake Hughes |
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Company number |
02395203 |
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Registered office |
128 High Street |
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Eton |
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SL4 6AR |
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Accountants |
Zebra Accounting (Thames Valley) Limited |
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12 Harvest Hill Road |
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Maidenhead |
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SL6 2QQ |
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Hunter Design Associates Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Hunter Design Associates Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hunter Design Associates Limited for the year ended 30 September 2024 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Hunter Design Associates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hunter Design Associates Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hunter Design Associates Limited and its director as a body for our work or for this report.
It is your duty to ensure that Hunter Design Associates 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 Hunter Design Associates Limited. You consider that Hunter Design Associates 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 Hunter Design Associates 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.
Zebra Accounting (Thames Valley) Limited
Chartered Accountants
12 Harvest Hill Road
Maidenhead
SL6 2QQ
20 June 2025
Hunter Design Associates Limited
Statement of financial position
30 September 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
13,270 |
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36,968 |
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|
_________ |
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_________ |
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13,270 |
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36,968 |
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Current assets |
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Debtors |
|
6 |
787,444 |
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|
844,585 |
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Cash at bank and in hand |
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366,634 |
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255,110 |
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_________ |
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_________ |
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1,154,078 |
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1,099,695 |
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Creditors: amounts falling due |
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within one year |
|
7 |
(
845,765) |
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(
692,796) |
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_________ |
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_________ |
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Net current assets |
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308,313 |
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406,899 |
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_________ |
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_________ |
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Total assets less current liabilities |
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321,583 |
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443,867 |
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_________ |
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_________ |
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Net assets |
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321,583 |
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443,867 |
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_________ |
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_________ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
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Profit and loss account |
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321,483 |
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443,767 |
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_________ |
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_________ |
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Shareholder funds |
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321,583 |
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443,867 |
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_________ |
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_________ |
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For the year ending 30 September 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges 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 income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 June 2025
, and are signed on behalf of the board by:
Jake Hughes
Director
Company registration number:
02395203
Hunter Design Associates Limited
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 High Street, Eton, SL4 6AR.
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.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 and represents amounts receivable for creative agency services rendered and ancilliary goods supplied, stated net of Value Added Tax.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is recognised.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.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 is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
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:
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Computer equipment |
- |
33.33 % |
straight line |
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Office equipment |
- |
20.00 % |
straight line |
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Plant and machinery |
- |
33.33 % |
straight line |
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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.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.The company only has basic 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
22
(2023:
32
).
5.
Tangible assets
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Plant and machinery etc |
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£ |
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Cost |
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At 1 October 2023 |
258,349 |
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Additions |
3,453 |
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Disposals |
(
30,868) |
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|
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_______ |
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At 30 September 2024 |
230,934 |
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_______ |
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Depreciation |
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At 1 October 2023 |
221,381 |
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Charge for the year |
20,924 |
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Disposals |
(
24,641) |
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|
|
|
|
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_______ |
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At 30 September 2024 |
217,664 |
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_______ |
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Carrying amount |
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At 30 September 2024 |
13,270 |
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_______ |
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At 30 September 2023 |
36,968 |
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_______ |
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6.
Debtors
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|
2024 |
2023 |
|
|
|
£ |
£ |
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Trade debtors |
|
647,254 |
551,229 |
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Other debtors |
|
140,190 |
293,356 |
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|
_______ |
_______ |
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787,444 |
844,585 |
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|
_______ |
_______ |
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7.
Creditors: amounts falling due within one year
|
|
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2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
253,114 |
190,316 |
|
Taxes and social security |
|
163,995 |
205,518 |
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Other creditors |
|
428,656 |
296,962 |
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|
|
_______ |
_______ |
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845,765 |
692,796 |
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_______ |
_______ |
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8.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
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£ |
£ |
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| Expring within 1 year |
30,000 |
9,240 |
| Expiring after more than one year |
- |
123,745 |
|
_______ |
_______ |
|
30,000 |
132,985 |
|
_______ |
_______ |
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