Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-292024-09-292023-09-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false43truetrue 07769711 2023-09-30 2024-09-29 07769711 2022-09-30 2023-09-29 07769711 2024-09-29 07769711 2023-09-29 07769711 2022-09-30 07769711 c:Director1 2023-09-30 2024-09-29 07769711 d:Buildings 2023-09-30 2024-09-29 07769711 d:Buildings 2024-09-29 07769711 d:Buildings 2023-09-29 07769711 d:Buildings d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:PlantMachinery 2023-09-30 2024-09-29 07769711 d:PlantMachinery 2024-09-29 07769711 d:PlantMachinery 2023-09-29 07769711 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:MotorVehicles 2023-09-30 2024-09-29 07769711 d:MotorVehicles 2024-09-29 07769711 d:MotorVehicles 2023-09-29 07769711 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:FurnitureFittings 2023-09-30 2024-09-29 07769711 d:FurnitureFittings 2024-09-29 07769711 d:FurnitureFittings 2023-09-29 07769711 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:OfficeEquipment 2023-09-30 2024-09-29 07769711 d:OfficeEquipment 2024-09-29 07769711 d:OfficeEquipment 2023-09-29 07769711 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:OtherPropertyPlantEquipment 2023-09-30 2024-09-29 07769711 d:OtherPropertyPlantEquipment 2024-09-29 07769711 d:OtherPropertyPlantEquipment 2023-09-29 07769711 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:OwnedOrFreeholdAssets 2023-09-30 2024-09-29 07769711 d:CurrentFinancialInstruments 2024-09-29 07769711 d:CurrentFinancialInstruments 2023-09-29 07769711 d:Non-currentFinancialInstruments 2024-09-29 07769711 d:Non-currentFinancialInstruments 2023-09-29 07769711 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-29 07769711 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-29 07769711 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-29 07769711 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-29 07769711 d:ShareCapital 2024-09-29 07769711 d:ShareCapital 2023-09-29 07769711 d:RetainedEarningsAccumulatedLosses 2024-09-29 07769711 d:RetainedEarningsAccumulatedLosses 2023-09-29 07769711 d:AcceleratedTaxDepreciationDeferredTax 2024-09-29 07769711 d:AcceleratedTaxDepreciationDeferredTax 2023-09-29 07769711 d:TaxLossesCarry-forwardsDeferredTax 2024-09-29 07769711 d:TaxLossesCarry-forwardsDeferredTax 2023-09-29 07769711 c:OrdinaryShareClass1 2023-09-30 2024-09-29 07769711 c:OrdinaryShareClass1 2024-09-29 07769711 c:OrdinaryShareClass1 2023-09-29 07769711 c:OrdinaryShareClass2 2023-09-30 2024-09-29 07769711 c:OrdinaryShareClass2 2024-09-29 07769711 c:OrdinaryShareClass2 2023-09-29 07769711 c:FRS102 2023-09-30 2024-09-29 07769711 c:AuditExempt-NoAccountantsReport 2023-09-30 2024-09-29 07769711 c:FullAccounts 2023-09-30 2024-09-29 07769711 c:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 07769711 d:HirePurchaseContracts d:WithinOneYear 2024-09-29 07769711 d:HirePurchaseContracts d:WithinOneYear 2023-09-29 07769711 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-29 07769711 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-29 07769711 d:HirePurchaseContracts d:MoreThanFiveYears 2024-09-29 07769711 d:HirePurchaseContracts d:MoreThanFiveYears 2023-09-29 07769711 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-09-29 07769711 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-29 07769711 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-29 07769711 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-29 07769711 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-09-29 07769711 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-29 07769711 d:LeasedAssetsHeldAsLessee 2024-09-29 07769711 d:LeasedAssetsHeldAsLessee 2023-09-29 07769711 e:PoundSterling 2023-09-30 2024-09-29 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07769711









J S HUNTER & SONS LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 SEPTEMBER 2024

 
J S HUNTER & SONS LTD
REGISTERED NUMBER: 07769711

BALANCE SHEET
AS AT 29 SEPTEMBER 2024

2024
As restated 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,660,940
1,805,150

Current assets
  

Stocks
  
122,081
155,652

Debtors: amounts falling due within one year (restated)
 5 
506,208
697,222

Cash at bank
  
85,023
173,185

Current liabilities
  
713,312
1,026,059

Creditors: amounts falling due within one year (restated)
 6 
(1,401,921)
(989,346)

Net current (liabilities)/assets
  
 
 
(688,609)
 
 
36,713

Total assets less current liabilities
  
1,972,331
1,841,863

Creditors: amounts falling due after more than one year
 7 
(926,811)
(681,458)

Provisions for liabilities
  

Deferred tax (restated)
 9 
(520,724)
(384,067)

Net assets
  
524,796
776,338


Capital and reserves
  

Called up share capital 
 10 
15,000
15,000

Profit and loss account (restated)
  
509,796
761,338

  
524,796
776,338


Page 1

 
J S HUNTER & SONS LTD
REGISTERED NUMBER: 07769711

BALANCE SHEET (CONTINUED)
AS AT 29 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
Mr J D Hunter
Director

Date: 27 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

1.


General information

J S Hunter & Sons Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Pursley Farm, Shenley, Radlett, Herts, WD7 9PN. This Company is part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods outlined below.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
20-25% reducing balance
Motor vehicles
-
20-25% reducing balance
Tractors and combines
-
15% reducing balance
Office equipment
-
10-33% straight-line / 25% reducing balance
Improvements to property
-
10% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 7
 


 
J S HUNTER & SONS LTD


 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024


4.


Tangible fixed assets






Freehold property
Improvement to property
Office equipment
Plant and machinery
Motor vehicles
Tractors and combines
Total

£
£
£
£
£
£
£



Cost


At 30 September 2023
214,068
21,128
-
811,060
156,084
1,113,717
2,316,057


Additions
-
8,617
2,129
889,686
64,623
673,792
1,638,847


Disposals
-
-
-
(395,863)
-
-
(395,863)



At 29 September 2024

214,068
29,745
2,129
1,304,883
220,707
1,787,509
3,559,041



Depreciation


At 30 September 2023
-
5,173
-
326,471
51,608
127,655
510,907


Charge for the year on owned assets
-
3,326
737
183,070
38,882
209,407
435,422


Disposals
-
-
-
(48,228)
-
-
(48,228)



At 29 September 2024

-
8,499
737
461,313
90,490
337,062
898,101



Net book value



At 29 September 2024
214,068
21,246
1,392
843,570
130,217
1,450,447
2,660,940



At 29 September 2023
214,068
15,955
-
484,589
104,476
986,062
1,805,150

Page 8
 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
370,932
399,089

Motor vehicles
961
721

Tractors and combines
976,707
1,442,495

1,348,600
1,842,305


5.


Debtors

2024
2023
£
£


Trade debtors
164,664
217,956

Amounts owed by group undertakings (restated)
22,675
21,325

Other debtors
105,052
295,326

Prepayments and accrued income
95,861
45,581

Tax recoverable (restated)
117,956
117,034

506,208
697,222



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
70,634
95,338

Other taxation and social security
1,999
2,878

Obligations under finance lease and hire purchase contracts
314,591
443,583

Other creditors (restated)
969,220
396,870

Accruals and deferred income
45,477
50,677

1,401,921
989,346


Included within creditors are secured debts amounting to £1,241,401 (2023 - £1,125,041) which are secured on the fixed assets to which they relate.

Page 9

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
926,811
681,458



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
314,591
443,583

Between 1-2 years
528,044
328,490

Between 2-5 years
398,767
352,967

1,241,402
1,125,040


9.


Deferred taxation




2024
2023


£

£






At beginning of year
(384,067)
(276,120)


Charged to profit or loss (restated)
(136,657)
(107,947)



At end of year
(520,724)
(384,067)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(603,227)
(393,782)

Tax losses carried forward (restated)
82,503
9,715

(520,724)
(384,067)

Page 10

 
J S HUNTER & SONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



6,614 (2023 - 6,614) Ordinary A shares of £1.00 each
6,614
6,614
8,386 (2023 - 8,386) Ordinary B shares of £1.00 each
8,386
8,386

15,000

15,000



11.


Prior year adjustment

A prior year adjustment has been recognised in respect of the taxation charge due to loss carry back. This adjustment has resulted in an increase in the profit of £127,670, decrease in the deferred tax asset of £9,715 and increase in the corporation tax repayable of £117,955. 
A second prior year adjustment has been recognised in respect of intercompany transactions. This adjustment has resulted in an increase in the amounts due from group undertakings of £21,325 and a decrease in the director's loan account of £21,325.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,187 (2023 - £1,083). No contributions (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

During the year, the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £969,220 (2023 - £326,802 restated). These loans are interest free and repayable on demand.
The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with the parent entity as the Company is a wholly owned subsidiary.


14.


Controlling party

The Company is a wholly owned subsidiary of J D Hunter Farming Limited, a company registered in England and Wales. The registered office is Lake House, Market Hill, Royston, Hertfordshire, SG8 9JN.


Page 11