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REGISTERED NUMBER: 01342498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HALLMARK ENGRAVING & SIGNS
LIMITED

HALLMARK ENGRAVING & SIGNS
LIMITED (Registered number: 01342498)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALLMARK ENGRAVING & SIGNS
LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Oakley





REGISTERED OFFICE: Unit 2, Ashgrove Farm
Piltdown
Uckfield
East Sussex
TN22 3XN





REGISTERED NUMBER: 01342498 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

HALLMARK ENGRAVING & SIGNS
LIMITED (Registered number: 01342498)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,200 44,800
Tangible assets 5 27,460 11,533
66,660 56,333

CURRENT ASSETS
Stocks 12,101 8,845
Debtors 6 9,532 11,585
Cash at bank 18,108 33,487
39,741 53,917
CREDITORS
Amounts falling due within one year 7 10,013 10,945
NET CURRENT ASSETS 29,728 42,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,388

99,305

CREDITORS
Amounts falling due after more than one
year

8

22,248

14,175
NET ASSETS 74,140 85,130

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 74,130 85,120
SHAREHOLDERS' FUNDS 74,140 85,130

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HALLMARK ENGRAVING & SIGNS
LIMITED (Registered number: 01342498)

Balance Sheet - continued
31 December 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 director and authorised for issue on 26 March 2024 and were signed by:





K Oakley - Director


HALLMARK ENGRAVING & SIGNS
LIMITED (Registered number: 01342498)

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

1. STATUTORY INFORMATION

HALLMARK ENGRAVING & SIGNS 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 2006, is being amortised evenly over its estimated useful life of twenty five 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.

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

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.

HALLMARK ENGRAVING & SIGNS
LIMITED (Registered number: 01342498)

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

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 140,000
AMORTISATION
At 1 January 2023 95,200
Amortisation for year 5,600
At 31 December 2023 100,800
NET BOOK VALUE
At 31 December 2023 39,200
At 31 December 2022 44,800

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 84,183 25,071 109,254
Additions 21,536 - 21,536
At 31 December 2023 105,719 25,071 130,790
DEPRECIATION
At 1 January 2023 77,524 20,197 97,721
Charge for year 4,878 731 5,609
At 31 December 2023 82,402 20,928 103,330
NET BOOK VALUE
At 31 December 2023 23,317 4,143 27,460
At 31 December 2022 6,659 4,874 11,533

HALLMARK ENGRAVING & SIGNS
LIMITED (Registered number: 01342498)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,532 8,585
Other debtors 3,000 3,000
9,532 11,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,495 1,232
Tax - 958
Social security and other taxes 920 876
VAT 4,478 5,778
Other creditors 464 445
Accrued expenses 1,656 1,656
10,013 10,945

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Directors Loan Account 22,248 14,175

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors Loan Account 22,248 14,175