Huntingdon Fusion Techniques Limited 01289542 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of manufacturing, marketing and distribution of equipment for the welding and pipe fabrication industries. Digita Accounts Production Advanced 6.30.9574.0 true true 01289542 2024-01-01 2024-12-31 01289542 2024-12-31 01289542 core:CurrentFinancialInstruments 2024-12-31 01289542 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01289542 core:WithinOneYear 2024-12-31 01289542 core:PlantMachinery 2024-12-31 01289542 bus:SmallEntities 2024-01-01 2024-12-31 01289542 bus:Audited 2024-01-01 2024-12-31 01289542 bus:FilletedAccounts 2024-01-01 2024-12-31 01289542 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01289542 bus:RegisteredOffice 2024-01-01 2024-12-31 01289542 bus:Director1 2024-01-01 2024-12-31 01289542 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01289542 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 01289542 core:PlantMachinery 2024-01-01 2024-12-31 01289542 core:ParentEntities 2024-01-01 2024-12-31 01289542 countries:EnglandWales 2024-01-01 2024-12-31 01289542 2023-12-31 01289542 core:PlantMachinery 2023-12-31 01289542 2023-01-01 2023-12-31 01289542 2023-12-31 01289542 core:CurrentFinancialInstruments 2023-12-31 01289542 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01289542 core:WithinOneYear 2023-12-31 01289542 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 01289542

Huntingdon Fusion Techniques Limited
Filleted Financial Statements
for the Year Ended 31 December 2024

Huntingdon Fusion Techniques Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 6

Huntingdon Fusion Techniques Limited

(Registration number: 01289542)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | (As restated) 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 8,567 | 13,567
Current assets |  |  |
Stocks | 5 | 306,771 | 306,442
Debtors | 6 | 572,670 | 492,570
Cash at bank and in hand |  | 458,982 | 663,810
|  | 1,338,423 | 1,462,822
Creditors: Amounts falling due within one year | 7 | (227,251) | (233,727)
Net current assets |  | 1,111,172 | 1,229,095
Total assets less current liabilities |  | 1,119,739 | 1,242,662
Provisions for liabilities |  | (3,966) | (3,966)
Net assets |  | 1,115,773 | 1,238,696
Capital and reserves |  |  |
Called up share capital |  | 5,000 | 5,000
Retained earnings |  | 1,110,773 | 1,233,696
Shareholders' funds |  | 1,115,773 | 1,238,696

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2025 and signed on its behalf by:

......................................... P I Rowlands Director

Huntingdon Fusion Techniques Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stukeley Meadow
Gwscwm Road
Burry Port
Carmarthenshire
SA16 0BU

2 | Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 22 August 2025 was Emily Ness BFP FCA, who signed for and on behalf of UHY Ross Brooke.

Prior period errors

The restatement relates to the omission of prepayments and accruals in the prior year's financial statements, as well as the tax element attributable to this. The changes made are as follows:
Accruals - (£31,070)
Prepayments - £13,903
Tax Liability - £4,037
Administrative Expenses - £17,167
Tax P&L - (£4,037)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. Turnover is recognised when goods leave the company's possession, where the risks and rewards related to the goods transfer to the customer.

Huntingdon Fusion Techniques Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 15% Reducing Balance Basis
Fixtures, Fittings and Equipment | 15% Reducing Balance Basis, 25-50% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Huntingdon Fusion Techniques Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 7).

Huntingdon Fusion Techniques Limited

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

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 January 2024 | 81,466 | 81,466
At 31 December 2024 | 81,466 | 81,466
Depreciation
At 1 January 2024 | 67,899 | 67,899
Charge for the year | 5,000 | 5,000
At 31 December 2024 | 72,899 | 72,899
Carrying amount
At 31 December 2024 | 8,567 | 8,567
At 31 December 2023 | 13,567 | 13,567

5 | Stocks

| 2024 £ | 2023 £
Other inventories | 306,771 | 306,442

6 | Debtors

Current | 2024 £ | (As restated) 2023 £
Trade debtors | 499,471 | 384,923
Prepayments | 35,426 | 13,903
Other debtors | 37,773 | 93,744
| 572,670 | 492,570

Huntingdon Fusion Techniques Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | (As restated) 2023 £
Due within one year |  |
Trade creditors | 159,622 | 182,404
Taxation and social security | 22,370 | -
Other creditors | 45,259 | 51,323
| 227,251 | 233,727

8 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2024 £ | 2023 £
Not later than one year | 11,500 | 11,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £30,500 (2023 - £23,000).

9 | Related party transactions

The company will be taking the small company exemption under FRS 102 Section 1A and as such is not required to disclose related party transactions other than that listed below.

Summary of transactions with parent

The company’s immediate parent is Indutrade UK Limited, incorporated in the United Kingdom.
The ultimate parent is Indutrade AB, incorporated in Sweden.
The most senior parent entity producing publicly available financial statements is Indutrade AB. These financial statements are available on request from Indutrade AB, Box6044, SE-164 06 Kista, Sweden.