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Registered Number: 07189577
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

HALES BYTES LTD

Director Mr A R Best
Registered Number 07189577
Registered Office 1 Briticheston Close
Plymouth
Devon
PL9 9FF
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 March 2024.
Principal activities
The principal activity of the company in the year under review was that of running the website halesbytes.com and its associated domain names.
Director
The director who has held office during the whole of the year was as follows:
Mr A R Best
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr A R Best
Director

Date approved: 12 August 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 2,200    4,400 
Tangible fixed assets 4 1,712    1,657 
Investments 5 71,391    57,642 
75,303    63,699 
Current assets      
Debtors 6 8,079    8,434 
Cash at bank and in hand 210,412    212,715 
218,491    221,149 
Creditors: amount falling due within one year 7 (31,239)   (24,758)
Net current assets 187,252    196,391 
 
Total assets less current liabilities 262,555    260,090 
Provisions for liabilities 8 (325)   (315)
Net assets 262,230    259,775 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 262,130    259,675 
Shareholders' funds 262,230    259,775 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 12 August 2024 and were signed by:


-------------------------------
Mr A R Best
Director
3
General Information
Hales Bytes Ltd is a private company, limited by shares, registered in England and Wales, registration number 07189577, registration address 1 Briticheston Close, Plymouth, Devon, PL9 9FF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 10 years.
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% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 3 years Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 122,000    122,000 
Additions  
Disposals  
At 31 March 2024 122,000    122,000 
Amortisation
At 01 April 2023 117,600    117,600 
Charge for year 2,200    2,200 
On disposals  
At 31 March 2024 119,800    119,800 
Net book values
At 31 March 2024 2,200    2,200 
At 31 March 2023 4,400    4,400 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 333    856    7,136    8,325 
Additions     2,232    2,232 
Disposals     (2,418)   (2,418)
At 31 March 2024 333    856    6,950    8,139 
Depreciation
At 01 April 2023 228    775    5,665    6,668 
Charge for year 26    20    1,466    1,512 
On disposals     (1,753)   (1,753)
At 31 March 2024 254    795    5,378    6,427 
Net book values
Closing balance as at 31 March 2024 79    61    1,572    1,712 
Opening balance as at 01 April 2023 105    81    1,471    1,657 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023 57,642    57,642 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
Revaluations 13,749    13,749 
At 31 March 2024 71,391    71,391 
Cost or valuation at 31 March 2024 is represented by:
.   Other Investments
£
Cost 37,352 
Valuation in 2017 (342)
Valuation in 2018 1,832 
Valuation in 2019 3,261 
Valuation in 2020 (2,650)
Valuation in 2021 12,831 
Valuation in 2022 7,184 
Valuation in 2023 (1,826)
Valuation in 2024 13,749 
71,391 


6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 7,188    5,138 
Other Debtors 891    3,296 
8,079    8,434 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 22,464    16,149 
Other Creditors 8,775    8,609 
31,239    24,758 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 325    315 
325    315 

9.

Ultimate controlling party

The company is ultimately controlled by A R Best Esq, a director and shareholder. 
10.

Reserves

The retained earnings include a non-distributable amount of £34,039 from revaluation adjustments under FRS 102.


4