Company Registration No. 04136732 (England and Wales)
D A A HALSGROVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
D A A HALSGROVE 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
04136732
Registered office
Halsgrove House
Ryelands Industrial Estate
Bagley Road
Wellington
Somerset
TA21 9PZ
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
D A A HALSGROVE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
D A A HALSGROVE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,881
4,295
Current assets
Stocks
39,416
15,032
Debtors
4
74,553
77,032
Cash at bank and in hand
40,269
67,592
154,238
159,656
Creditors: amounts falling due within one year
5
(129,089)
(118,470)
Net current assets
25,149
41,186
Total assets less current liabilities
28,030
45,481
Creditors: amounts falling due after more than one year
6
(24,837)
(38,650)
Provisions for liabilities
7
(10,000)
(15,000)
Net liabilities
(6,807)
(8,169)
Capital and reserves
Called up share capital
8
100
100
Capital redemption reserve
50
50
Profit and loss reserves
(6,957)
(8,319)
Total equity
(6,807)
(8,169)
D A A HALSGROVE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -

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. 04136732
D A A HALSGROVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

D A A Halsgrove 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
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
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:

Fixtures, fittings & equipment
20% Straight line
Computer equipment
20% Straight line
1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.6
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.

D A A HALSGROVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.7
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.

1.8
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company 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 best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

 

 

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

 

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 7 (2022 - 6).

D A A HALSGROVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
93,318
72,114
165,432
Depreciation and impairment
At 1 April 2022
93,318
67,819
161,137
Depreciation charged in the year
-
0
1,414
1,414
At 31 March 2023
93,318
69,233
162,551
Carrying amount
At 31 March 2023
-
0
2,881
2,881
At 31 March 2022
-
0
4,295
4,295
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
68,701
72,242
Unpaid share capital
100
100
Other debtors
5,752
4,690
74,553
77,032
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
5,833
Trade creditors
56,239
53,764
Other taxation and social security
2,560
2,056
Other creditors
55,517
55,817
Accruals and deferred income
4,773
1,000
129,089
118,470
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
24,837
38,650

 

D A A HALSGROVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
7
Provisions for liabilities
2023
2022
£
£
Other
10,000
15,000
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued
100 Ordinary shares of £1 each
100
100
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