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REGISTERED NUMBER: 03128929 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HALL CONTRACTS LIMITED

HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALL CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: J Hall





SECRETARY: Mrs N F Hall





REGISTERED OFFICE: Station Road
Lakenheath
Brandon
Suffolk
IP27 9AD





REGISTERED NUMBER: 03128929 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,458 44,575

CURRENT ASSETS
Stocks 461,652 340,148
Debtors 5 1,364,751 1,042,920
Cash at bank 260,366 388,899
2,086,769 1,771,967
CREDITORS
Amounts falling due within one year 6 2,064,122 1,715,124
NET CURRENT ASSETS 22,647 56,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,105

101,418

PROVISIONS FOR LIABILITIES - 90
NET ASSETS 69,105 101,328

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 100 100
Retained earnings 68,005 100,228
SHAREHOLDERS' FUNDS 69,105 101,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





J Hall - Director


HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Hall Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director believes that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents the sales value of goods and services supplied, excluding value added tax, adjusted for ongoing contracts that are long term or material in relation to turnover and profits in accordance with FRS 102 Section 12 as detailed in the long term contract accounting policy.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 4% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

Long term contracts
Amounts recoverable on contracts, which are included in debtors, are stated at cost plus attributable profit to the extent that this is reasonably certain after making provisions for contingencies less any losses incurred or foreseen in bringing contracts to completion, and less amounts received as progress payments. Cost for this purpose includes material costs and all overheads other than those relating to the general administration of the company. For any contracts where receipts exceed book value of work done, the excess is included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2022 49,495
Additions 3,915
At 30 November 2023 53,410
DEPRECIATION
At 1 December 2022 4,920
Charge for year 2,032
At 30 November 2023 6,952
NET BOOK VALUE
At 30 November 2023 46,458
At 30 November 2022 44,575

HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 252,546 159,350
Amounts recoverable on
contracts 788,604 724,806
Other debtors 43,961 28,488
1,085,111 912,644

Amounts falling due after more than one year:
Other debtors 279,640 130,276

Aggregate amounts 1,364,751 1,042,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 206,486 252,624
Amounts owed to group undertakings 1,827,722 1,388,810
Taxation and social security 15,456 45,123
Other creditors 14,458 28,567
2,064,122 1,715,124

7. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Amounts owed to parent company 1,827,722 1,388,810

All monies due or to become due from Hall Contracts Limited to Hall Contracts (Lakenheath) Limited are secured by debenture.

8. RELATED PARTY DISCLOSURES

During the year, the company invoiced two employees of Hall Contracts (Lakenheath) Limited, the parent company, for building services at cost amounting to £178,516. The company also invoiced a family member of a director for building work at cost amounting to £84,729 and invoiced Hall Contracts (2006) Limited, a fellow subsidiary, for building services at cost, amounting to £348,999.

In addition, the company invoiced the director for car restoration works at cost amounting to £36,138.

HALL CONTRACTS LIMITED (REGISTERED NUMBER: 03128929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is Hall Contracts (Lakenheath) Limited.

The registered office and principal place of business is:
Station Road
Lakenheath
Brandon
Suffolk
IP27 9AD