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Registered number: 06555511
Hunts Cross D C Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pennington Silver
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06555511
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,200 24,329
20,200 24,329
CURRENT ASSETS
Stocks 6 27,230 11,937
Cash at bank and in hand 71,933 99,897
99,163 111,834
Creditors: Amounts Falling Due Within One Year 7 (97,623 ) (93,691 )
NET CURRENT ASSETS (LIABILITIES) 1,540 18,143
TOTAL ASSETS LESS CURRENT LIABILITIES 21,740 42,472
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,764 ) (5,734 )
NET ASSETS 16,976 36,738
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 16,876 36,638
SHAREHOLDERS' FUNDS 16,976 36,738
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Garside
Director
Mr Ben Harvey
Director
19/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hunts Cross D C Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06555511 . The registered office is 30 Union Street, Southport, Merseyside, PR9 0QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the treatment carried out.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% on reducing balance
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 16)
16 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 374,016
As at 31 March 2025 374,016
Amortisation
As at 1 April 2024 374,016
As at 31 March 2025 374,016
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 42,348 7,759 127,050 15,529 192,686
As at 31 March 2025 42,348 7,759 127,050 15,529 192,686
Depreciation
As at 1 April 2024 42,347 6,794 107,523 11,693 168,357
Provided during the period - 241 2,929 959 4,129
As at 31 March 2025 42,347 7,035 110,452 12,652 172,486
Net Book Value
As at 31 March 2025 1 724 16,598 2,877 20,200
As at 1 April 2024 1 965 19,527 3,836 24,329
6. Stocks
2025 2024
£ £
Stock 23,110 8,200
Work in progress 4,120 3,737
27,230 11,937
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,055 14,075
Other creditors 14,495 14,235
Taxation and social security 65,073 65,381
97,623 93,691
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5