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REGISTERED NUMBER: 10426893 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Halt Hire Ltd

Halt Hire Ltd (Registered number: 10426893)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Halt Hire Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S Whitfield
Mrs L Whitfield





REGISTERED OFFICE: Unit J
Lustrum Industrial Estate
Ascot Drive
Stockton-On-Tees
TS18 2QQ





REGISTERED NUMBER: 10426893 (England and Wales)





ACCOUNTANTS: HP Accountants
2 Rose Terrace
Chester Le Street
Durham
DH2 2QZ

Halt Hire Ltd (Registered number: 10426893)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,278,114 1,825,563

CURRENT ASSETS
Debtors 5 281,390 331,983
Cash at bank 154,905 259,270
436,295 591,253
CREDITORS
Amounts falling due within one year 6 1,340,205 1,214,355
NET CURRENT LIABILITIES (903,910 ) (623,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,374,204

1,202,461

CREDITORS
Amounts falling due after more than one
year

7

784,594

838,880
NET ASSETS 589,610 363,581

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 589,608 363,579
589,610 363,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Halt Hire Ltd (Registered number: 10426893)

Balance Sheet - continued
31 October 2023


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 16 February 2024 and were signed on its behalf by:





S Whitfield - Director


Halt Hire Ltd (Registered number: 10426893)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Halt Hire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 20% on cost and 10% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

Halt Hire Ltd (Registered number: 10426893)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 6,000 2,557,760 2,563,760
Additions - 771,557 771,557
Disposals - (69,423 ) (69,423 )
Revaluations 30,000 - 30,000
At 31 October 2023 36,000 3,259,894 3,295,894
DEPRECIATION
At 1 November 2022 - 738,197 738,197
Charge for year - 279,583 279,583
At 31 October 2023 - 1,017,780 1,017,780
NET BOOK VALUE
At 31 October 2023 36,000 2,242,114 2,278,114
At 31 October 2022 6,000 1,819,563 1,825,563

Cost or valuation at 31 October 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 36,000 3,259,894 3,295,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 269,133 297,064
Other debtors 12,257 34,919
281,390 331,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,624 -
Hire purchase contracts 538,728 428,977
Trade creditors 141,157 198,962
Taxation and social security 27,481 75
Other creditors 631,215 586,341
1,340,205 1,214,355

Halt Hire Ltd (Registered number: 10426893)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 784,594 838,880