J S HUNTER & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
4.Tangible fixed assets (continued)
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J S HUNTER & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
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J S HUNTER & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024
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.
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.
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