Hunts Office Furniture & Interiors Limit - Accounts to registrar (filleted)

REGISTERED NUMBER: 03226110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2024 TO 31 DECEMBER 2025

FOR

HUNTS OFFICE FURNITURE & INTERIORS

LIMITED

Page

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

11

DIRECTORS:

Mr E R Hunt

Mrs J Hunt

SECRETARY:

Mrs J Hunt

REGISTERED OFFICE:

West End Road

High Wycombe

Buckinghamshire

HP11 2QQ

REGISTERED NUMBER:

03226110 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hunts Office Furniture & Interiors Limited for the period ended 31 December 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hunts Office Furniture & Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hunts Office Furniture & Interiors Limited and state those matters that we have agreed to state to the Board of Directors of Hunts Office Furniture & Interiors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hunts Office Furniture & Interiors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hunts Office Furniture & Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hunts Office Furniture & Interiors Limited. You consider that Hunts Office Furniture & Interiors Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Hunts Office Furniture & Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Seymour Taylor Limited

First Floor North

40 Oxford Road

High Wycombe

Buckinghamshire

HP11 2EE

7 October 2026

FIXED ASSETS

Intangible assets

4

35,055

62,321

Tangible assets

5

134,882

164,597

169,937

226,918

CURRENT ASSETS

Stocks

6

267,734

266,132

Debtors

7

2,517,581

1,685,667

Cash at bank

666,121

695,554

3,451,436

2,647,353

CREDITORS

Amounts falling due within one year

8

3,046,971

2,192,164

NET CURRENT ASSETS

404,465

455,189

TOTAL ASSETS LESS CURRENT
LIABILITIES

574,402

682,107

CREDITORS

Amounts falling due after more than one
year

9

-

(38,801

)

PROVISIONS FOR LIABILITIES

10

(6,549

)

(29,479

)

NET ASSETS

567,853

613,827

CAPITAL AND RESERVES

Called up share capital

11

2

Retained earnings

567,851

613,825

SHAREHOLDERS' FUNDS

567,853

613,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mr E R Hunt - Director

1.	STATUTORY INFORMATION

Hunts Office Furniture and Interiors Limited is a private company, limited by shares, registered in England and Wales. The address of the company's registered office and principal place of business is West End Road, High Wycombe, Buckinghamshire, HP11 2QQ.The registered number is 03226110.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed expected future cashflows, giving due consideration to all relevant factors affecting the company. The directors have considered the potential impact on the company as well as its capital resources and believe that the company has adequate resources in place to continue in operation for at least twelve months from the date of approval of the financial statements. Consequently, the company continues to adopt the going concern basis in preparing these financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortization is provided on all intangible assets at rates to write off the cost or valuation of each asset over

its expected useful life as follows:

Goodwill

20 years straight line

Website costs

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Fixtures & fittings - 25% straight line

Motor vehicles - 25% straight line

Plant & machinery - 25% straight line

Computer equipment - 33% straight line

Leasehold improvements - 25% straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realizable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the Company's best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Transactions denominated in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities at the period end denominated in a foreign currency are translated into Sterling at the rate of exchange ruling at the statement of financial position date. Exchange differences are taken into account when arriving at the operating profit.

Hire purchase and leasing commitments

Assets acquired and held under finance lease or hire purchase contracts are capitalised in the statement of financial position. Those held under finance leases are depreciated over the shorter of the lease term and the estimated useful life of the asset. Those held under hire purchase contracts are depreciated over the estimated useful life of the asset.

Minimum lease payments are apportioned between the finance charge and the reduction and the outstanding lease liability using effective interest method. The related obligation, exclusive of finance charges allocated to future periods, is recognised as a liability with the finance element charged to the profit and loss account over the relevant period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the statement of financial position. Finance costs and gains or losses relating to financial liabilities are included in the income statement. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

COST

At 1 November 2024

750,000

70,110

820,110

Disposals

(750,000

)

-

(750,000

)

At 31 December 2025

-

70,110

AMORTISATION

At 1 November 2024

750,000

7,789

757,789

Amortisation for period

-

27,266

Eliminated on disposal

(750,000

)

-

(750,000

)

At 31 December 2025

-

35,055

NET BOOK VALUE

At 31 December 2025

-

35,055

At 31 October 2024

-

62,321

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 November 2024

362,019

9,872

46,059

Additions

62,659

-

Disposals

-

At 31 December 2025

424,678

9,872

46,059

DEPRECIATION

At 1 November 2024

255,251

9,422

41,800

Charge for period

60,622

135

1,656

Eliminated on disposal

-

At 31 December 2025

315,873

9,557

43,456

NET BOOK VALUE

At 31 December 2025

108,805

315

2,603

At 31 October 2024

106,768

450

4,259

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 November 2024

73,620

73,005

564,575

Additions

-

6,888

69,547

Disposals

(24,540

)

-

(24,540

)

At 31 December 2025

49,080

79,893

609,582

DEPRECIATION

At 1 November 2024

33,743

59,762

399,978

Charge for period

15,849

9,241

87,503

Eliminated on disposal

(12,781

)

-

(12,781

)

At 31 December 2025

36,811

69,003

474,700

NET BOOK VALUE

At 31 December 2025

12,269

10,890

134,882

At 31 October 2024

39,877

13,243

164,597

6.

STOCKS

2025

2024

£

Stocks

267,734

266,132

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,669,428

1,350,454

Directors' current accounts

282,822

273,277

Prepayments and accrued income

565,331

61,936

2,517,581

1,685,667

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

23,333

56,000

Hire purchase contracts

1,363

24,540

Trade creditors

2,057,918

1,230,759

Corporation tax

98,908

81,075

Social security and other taxes

48,192

45,427

VAT

74,902

151,596

Other creditors

14,937

21,896

Pension

13,755

8,980

Accruals and deferred income

713,663

571,891

3,046,971

2,192,164

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

-

32,666

Hire purchase contracts

-

6,135

-

38,801

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

6,549

29,479

Deferred

tax

£

Balance at 1 November 2024

29,479

Credit to Income Statement during period

(22,930

)

Balance at 31 December 2025

6,549

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,900

Ordinary A

0.1p

2

100

Ordinary B

1p

-

2

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2025 and the year ended 31 October 2024:

2025

2024

£

Mr E R Hunt and Mrs J Hunt

Balance outstanding at start of period

273,277

255,151

Amounts advanced

293,759

279,476

Amounts repaid

(284,213

)

(261,350

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

282,823

273,277

13.	FINANCIAL COMMITMENTS

The total financial commitments in respect of operating leases as at the period end date amounted to £297,527 (2024 - £255,259)