Company registration number 04600627 (England and Wales)
HUTI LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
HUTI LTD
COMPANY INFORMATION
Director
Mr N S Robinson
Company number
04600627
Registered office
Combe Farm
Combe Lane
Kingsbridge
Devon
England
TQ7 4AB
Accountants
Streets Bush Limited
2 Barnfield Crescent
Exeter
EX1 1QT
HUTI LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
HUTI LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
6,375
-
0
Tangible assets
4
168,616
91,086
174,991
91,086
Current assets
Stocks
5,284
5,284
Debtors
5
63,933
43,638
Cash at bank and in hand
48
1
69,265
48,923
Creditors: amounts falling due within one year
6
(170,749)
(113,485)
Net current liabilities
(101,484)
(64,562)
Total assets less current liabilities
73,507
26,524
Creditors: amounts falling due after more than one year
7
(114,285)
(69,673)
Net liabilities
(40,778)
(43,149)
Capital and reserves
Called up share capital
200
200
Retained earnings
(40,978)
(43,349)
Total equity
(40,778)
(43,149)
HUTI LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 15 September 2025
Mr N S Robinson
Director
Company Registration No. 04600627
HUTI LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Huti Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Combe Farm, Combe Lane, Kingsbridge, Devon, England, TQ7 4AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has agreed not to draw funds from his loan account in the next twelve months if such drawing is likely to jeopardise the ability of the company to trade. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 4 years.

HUTI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Huti Brand
25% straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
2% straight line
Plant and equipment
25% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

HUTI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts/payments discounted at a market rate of interest. Financial instruments classified as receivable or payable within one year are not amortised.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
1
HUTI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Intangible fixed assets
Goodwill
Huti Brand
Total
£
£
£
Cost
At 1 January 2024
10,000
-
0
10,000
Additions
-
0
8,500
8,500
At 31 December 2024
10,000
8,500
18,500
Amortisation and impairment
At 1 January 2024
10,000
-
0
10,000
Amortisation charged for the year
-
0
2,125
2,125
At 31 December 2024
10,000
2,125
12,125
Carrying amount
At 31 December 2024
-
0
6,375
6,375
At 31 December 2023
-
0
-
0
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
21,715
221,253
242,968
Additions
22,319
120,950
143,269
Disposals
-
0
(22,000)
(22,000)
At 31 December 2024
44,034
320,203
364,237
Depreciation and impairment
At 1 January 2024
3,038
148,845
151,883
Depreciation charged in the year
881
42,857
43,738
At 31 December 2024
3,919
191,702
195,621
Carrying amount
At 31 December 2024
40,115
128,501
168,616
At 31 December 2023
18,677
72,409
91,086
HUTI LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
4
Tangible fixed assets
(Continued)
- 7 -

The net book value of f ixed assets included in the above, which are held under hire purchase contracts is £100,231.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
53,864
42,175
Other debtors
10,069
1,463
63,933
43,638
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
24,302
14,882
Trade creditors
18,642
8,450
Taxation and social security
8,583
6,973
Other creditors
119,222
83,180
170,749
113,485
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,543
30,944
Other creditors
88,742
38,729
114,285
69,673
2024-12-31 2024-01-01 false false false 15 September 2025 CCH Software CCH Accounts Production 2025.200 The principal activity in the year was that of a development of building projects and construction of domestic buildings.
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