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REGISTERED NUMBER: 09287746 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

The Hook Of Halstead Limited

The Hook Of Halstead Limited (Registered number: 09287746)






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


The Hook Of Halstead Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A Garcia-Mayol
Mrs S V Miller





REGISTERED OFFICE: Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ





REGISTERED NUMBER: 09287746 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

The Hook Of Halstead Limited (Registered number: 09287746)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,652 37,724
Tangible assets 5 168,899 163,396
202,551 201,120

CURRENT ASSETS
Stocks 10,538 8,181
Debtors 6 3,662 13,746
Prepayments and accrued income 9,976 8,034
Cash at bank and in hand 121,123 90,479
145,299 120,440
CREDITORS
Amounts falling due within one year 7 88,342 97,675
NET CURRENT ASSETS 56,957 22,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,508

223,885

The Hook Of Halstead Limited (Registered number: 09287746)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CREDITORS
Amounts falling due after more than one
year

8

24,083

33,459

PROVISIONS FOR LIABILITIES 10,962 6,091

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 224,461 184,333
SHAREHOLDERS' FUNDS 224,463 184,335
259,508 223,885

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.

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 20 March 2024 and were signed on its behalf by:




A Garcia-Mayol - Director



Mrs S V Miller - Director


The Hook Of Halstead Limited (Registered number: 09287746)

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

1. STATUTORY INFORMATION

The Hook Of Halstead Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stamp duty are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


The Hook Of Halstead Limited (Registered number: 09287746)

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

2. ACCOUNTING POLICIES - continued
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 22 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 40,000 1,796 41,796
AMORTISATION
At 1 November 2022 4,000 72 4,072
Charge for year 4,000 72 4,072
At 31 October 2023 8,000 144 8,144
NET BOOK VALUE
At 31 October 2023 32,000 1,652 33,652
At 31 October 2022 36,000 1,724 37,724

The Hook Of Halstead Limited (Registered number: 09287746)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 28,313 190,276 20,036
Additions - 29,206 6,352
At 31 October 2023 28,313 219,482 26,388
DEPRECIATION
At 1 November 2022 19,879 54,518 4,379
Charge for year 1,265 24,745 3,301
At 31 October 2023 21,144 79,263 7,680
NET BOOK VALUE
At 31 October 2023 7,169 140,219 18,708
At 31 October 2022 8,434 135,758 15,657

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 2,500 2,649 243,774
Additions - - 35,558
At 31 October 2023 2,500 2,649 279,332
DEPRECIATION
At 1 November 2022 375 1,227 80,378
Charge for year 531 213 30,055
At 31 October 2023 906 1,440 110,433
NET BOOK VALUE
At 31 October 2023 1,594 1,209 168,899
At 31 October 2022 2,125 1,422 163,396

The Hook Of Halstead Limited (Registered number: 09287746)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 826 1,230
Other debtors 2,836 12,516
3,662 13,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,750 9,750
Trade creditors 4,715 5,469
Tax 13,506 9,952
Wages control and PAYE taxes 9,448 4,116
VAT 14,691 14,047
Directors' current accounts 26,820 38,560
Accrued expenses 9,412 15,781
88,342 97,675

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 24,083 33,459

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments in relation to premises and equipment of:

Within 1 year £29,250
2 - 5 years £117,000
over 5 years £386,583

There are no break clauses.

10. RELATED PARTY DISCLOSURES

The directors loaned the Company £40,000 (interest free and repayable on demand) within the year ended 31 October 2022, with £25,000 being outstanding as at the year end.