Hunt Technology Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02475838

Hunt Technology Limited

Filleted Unaudited Financial Statements

31 March 2025

Hunt Technology Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	69,889	96,367

Current assets

Debtors	7	795,990	643,962
Cash at bank and in hand		7,294	8,476
		---------	---------
		803,284	652,438

Creditors: amounts falling due within one year	8	139,601	98,535
		---------	---------
Net current assets		663,683	553,903
		---------	---------
Total assets less current liabilities		733,572	650,270
		---------	---------
Net assets		733,572	650,270
		---------	---------

Capital and reserves

Called up share capital	7,501	7,501
Profit and loss account	726,071	642,769
	---------	---------
Shareholders funds	733,572	650,270
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Hunt Technology Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Mr. T.J. Woodbridge
Director

Company registration number: 02475838

Hunt Technology Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cardinal Point, Park Road, Rickmansworth, Herts, WD3 1RE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 April 2024 and 31 March 2025	264,780
	---------
Amortisation
At 1 April 2024	168,413
Charge for the year	26,478
	---------
At 31 March 2025	194,891
	---------
Carrying amount
At 31 March 2025	69,889
	---------
At 31 March 2024	96,367
	---------

6. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	4,726
	-------
Depreciation
At 1 April 2024 and 31 March 2025	4,726
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

7. Debtors

	2025	2024
	£	£
Trade debtors	555,332	405,422
Other debtors	240,658	238,540
	---------	---------
	795,990	643,962
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	58,259	51,573
Social security and other taxes	24,439	–
Other creditors	56,903	46,962
	---------	--------
	139,601	98,535
	---------	--------

9. Prior period errors

The prior period adjustment is to reflect the recoverability of Corporation Tax paid on a director's loan account which was inadvertently included in the tax charge in the year ended 31 March 2021.

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
Mr. T.J. Woodbridge	122,172	122,172
	---------	---------

11.Related party transactions

Throughout the year the company was under the control of Mr. T.J. Woodbridge who is the sole director and shareholder in the company. Mr. Woodbridge is also a director of Web Dynamics Limited, TLX Insulation Limited, TLX Manufacturing Limited, Waterways Heritage Limited and Polarap Limited. During the year the company had the following related party transactions: TLX Insulation Limited The company charged a Licence Fee of £213,011 to TLX Insulation Limited (2024 £200,554 ). At the balance sheet date the company was owed £255,613 by TLX Insulation Limited (2024: £216,665). There is no interest accruing on this balance. Web Dynamics Limited During the year the company charged a Licence Fee of £136,266 to Web Dynamics Limited(2024: £145,298).At the balance sheet date the company was owed £261,334 by Web Dynamics Limited (2024 £155,866). There is no interest accruing on this balance. TLX Manufacturing Limited The company charged a Licence Fee of £Nil to TLX Manufacturing Limited (2024: £32,500). At the balance sheet date £Nil was owed by TLX Manufacturing Limited (2024: £Nil). Waterways Heritage Limited The company made payments totalling £9,806 to Waterways Heritage Limited (2024: £8,659). At the balance sheet date the company was owed £38,839 by Waterways Heritage Limited (2024: £38,839). There is no interest accruing on this balance. Polarap Limited At the balance sheet date the company was owed £40,000 by Polarap Limited (2024 £Nil).