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HallardFit Ltd

Annual Report and Unaudited Financial Statements

for the Period from 21 January 2022 to 30 January 2023

Registration number: 13863485

 

HallardFit Ltd

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

HallardFit Ltd

(Registration number: 13863485)
Statement of financial position as at 30 January 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

916

Current assets

 

Debtors

5

27,555

Cash at bank and in hand

 

19,805

 

47,360

Creditors: Amounts falling due within one year

6

(24,581)

Net current assets

 

22,779

Total assets less current liabilities

 

23,695

Provisions for liabilities

(174)

Net assets

 

23,521

Capital and reserves

 

Called up share capital

7

1

Retained earnings

23,520

Shareholders' funds

 

23,521

For the financial period ending 30 January 2023 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 accounts for the period in question in accordance with section 476; and

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

 

HallardFit Ltd

(Registration number: 13863485)
Statement of financial position as at 30 January 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 8 November 2023
 

.........................................
Mr R Hallard
Director

 

HallardFit Ltd

Notes to the Unaudited Financial Statements
for the Period from 21 January 2022 to 30 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

HallardFit Ltd

Notes to the Unaudited Financial Statements
for the Period from 21 January 2022 to 30 January 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

HallardFit Ltd

Notes to the Unaudited Financial Statements
for the Period from 21 January 2022 to 30 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

999

999

At 30 January 2023

999

999

Depreciation

Charge for the period

83

83

At 30 January 2023

83

83

Carrying amount

At 30 January 2023

916

916

5

Debtors

Current

2023
£

Other debtors

27,555

 

HallardFit Ltd

Notes to the Unaudited Financial Statements
for the Period from 21 January 2022 to 30 January 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

565

Taxation and social security

23,016

Accruals and deferred income

1,000

24,581

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

1

1

     

8

Related party transactions

Transactions with the director

2023

At 21 January 2022
£

Advances to director
£

At 30 January 2023
£

Mr R Hallard

Directors Loan

-

27,555

27,555

       
     

 

Directors loan detail

Director's loans are provided at an interest rate of 2% and are repayable on demand.