Company Registration No. 06472636 (England and Wales)
HALSTAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HALSTAR LIMITED
COMPANY INFORMATION
Directors
Mr S J Pugsley
Mr G O H Pugsley
(Appointed 26 September 2022)
Secretary
Mr G O H Pugsley
Company number
06472636
Registered office
Halsgrove House
Ryelands Industrial Estate
Bagley Road
Wellington
Somerset
TA21 9PZ
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
HALSTAR LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HALSTAR LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
44,626
44,626
Cash at bank and in hand
969
44,626
45,595
Creditors: amounts falling due within one year
5
(27,306)
(27,955)
Net current assets
17,320
17,640
Capital and reserves
Called up share capital
6
150
150
Capital redemption reserve
75
75
Profit and loss reserves
17,095
17,415
Total equity
17,320
17,640
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 23 November 2023 and are signed on its behalf by:
Mr G O H Pugsley
Director
Company Registration No. 06472636
HALSTAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Halstar Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 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.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.4
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2022 - 0).
HALSTAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2022
6,298
Disposals
(6,298)
At 31 March 2023
Depreciation and impairment
At 1 April 2022
6,298
Eliminated in respect of disposals
(6,298)
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
44,476
44,476
Unpaid share capital
150
150
44,626
44,626
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
26,406
27,355
Other creditors
600
300
Accruals and deferred income
300
300
27,306
27,955
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
150 Ordinary shares of £1 each
150
150