HUNTER ADAMS LIMITED


Directors	Dean Hunter
	Jennifer Marnoch


Company Secretary	Jennifer Marnoch


Registered Address	32 Carden Place
	Aberdeen
	AB10 1UP


Registered Number	SC400734 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		45,928		67,240
Tangible assets	4		19,081		33,502
			65,009		100,742
Current assets
Stocks		20,593		102,108
Debtors	5	845,097		699,431
Cash at bank and on hand		305,051		605,828
		1,170,741		1,407,367
Creditors amounts falling due within one year	6	(422,026)		(507,762)
Net current assets (liabilities)			748,715		899,605
Total assets less current liabilities			813,724		1,000,347
Provisions for liabilities			(3,855)		(6,947)
Net assets			809,869		993,400
Capital and reserves
Called up share capital			1		1
Profit and loss account			809,868		993,399
Shareholders' funds			809,869		993,400

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2025, and are signed on its behalf by:

Dean Hunter
Director
Registered Company No. SC400734

HUNTER ADAMS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Research and development
	Development expenditure is capitalised when eligible costs are incurred. The resulting intangible asset is amortised over three years or five years, depending on the nature of the project, once the commercial production in respect of these costs has commenced.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	3
	Fixtures and fittings	7
	Office Equipment	3

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.`

	Stocks and work in progress
	Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	31		34

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 January 24	8,428	418,390	426,818
At 31 December 24	8,428	418,390	426,818
Amortisation and impairment
At 01 January 24	8,428	351,150	359,578
Charge for year	-	21,312	21,312
At 31 December 24	8,428	372,462	380,890
Net book value
At 31 December 24	-	45,928	45,928
At 31 December 23	-	67,240	67,240

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	59,567	24,581	208,478	292,626
Additions	-	117	1,442	1,559
Disposals	(55,186)	(432)	(2,804)	(58,422)
At 31 December 24	4,381	24,266	207,116	235,763
Depreciation and impairment
At 01 January 24	59,567	22,751	176,806	259,124
Charge for year	-	624	15,356	15,980
On disposals	(55,186)	(432)	(2,804)	(58,422)
At 31 December 24	4,381	22,943	189,358	216,682
Net book value
At 31 December 24	-	1,323	17,758	19,081
At 31 December 23	-	1,830	31,672	33,502

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	784,951	645,443
Other debtors	24,639	22,877
Prepayments and accrued income	35,507	31,111
Total	845,097	699,431

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	61,725	68,649
Taxation and social security	261,685	254,700
Other creditors	66,130	81,029
Accrued liabilities and deferred income	32,486	103,384
Total	422,026	507,762