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Company Registration No. 09316906 (England and Wales)
Halo Networks Limited Unaudited accounts for the year ended 30 November 2021
Halo Networks Limited Unaudited accounts Contents
Page
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Halo Networks Limited Company Information for the year ended 30 November 2021
Director
Darren Baxter
Company Number
09316906 (England and Wales)
Registered Office
Suite 6 Ellesmere House 1 Pennington Street Worsley Manchester M28 3LR
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Halo Networks Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
115,501 
39,186 
Current assets
Debtors
15,979 
686 
Cash at bank and in hand
48,138 
260,655 
64,117 
261,341 
Creditors: amounts falling due within one year
248,203 
140,948 
Net current assets
312,320 
402,289 
Total assets less current liabilities
427,821 
441,475 
Creditors: amounts falling due after more than one year
(100,071)
- 
Net assets
327,750 
441,475 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
327,748 
441,473 
Shareholders' funds
327,750 
441,475 
For the year ending 30 November 2021 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2022 and were signed on its behalf by
Darren Baxter Director Company Registration No. 09316906
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Halo Networks Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
Halo Networks Limited is a private company, limited by shares, registered in England and Wales, registration number 09316906. The registered office is Suite 6 Ellesmere House, 1 Pennington Street, Worsley, Manchester, M28 3LR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2020
60,913 
Additions
141,417 
Disposals
(35,471)
At 30 November 2021
166,859 
Depreciation
At 1 December 2020
21,727 
Charge for the year
38,499 
On disposals
(8,868)
At 30 November 2021
51,358 
Net book value
At 30 November 2021
115,501 
At 30 November 2020
39,186 
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Halo Networks Limited Notes to the Accounts for the year ended 30 November 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
15,779 
486 
Other debtors
200 
200 
15,979 
686 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
2,730 
2,336 
Other creditors
1,357 
6 
Loans from directors
(252,290)
(143,290)
(248,203)
(140,948)
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
- 
Obligations under finance leases and hire purchase contracts
50,071 
- 
100,071 
- 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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