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REGISTERED NUMBER: 07447599 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Hallmark Building Solutions Limited

Hallmark Building Solutions Limited (Registered number: 07447599)






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


Hallmark Building Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: W L Rawle
Mrs A J Rawle





SECRETARY: Mrs A J Rawle





REGISTERED OFFICE: 6 Fox Avenue
Yatton
United Kingdom
Bristol
BS49 4GJ





REGISTERED NUMBER: 07447599 (England and Wales)





ACCOUNTANTS: Equifino Ltd
128 City Road
London
EC1V 2NX

Hallmark Building Solutions Limited (Registered number: 07447599)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,796 25,995

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 34,009 29,432
Cash at bank 2,904 4,676
37,913 35,108
CREDITORS
Amounts falling due within one year 6 24,275 13,194
NET CURRENT ASSETS 13,638 21,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,434

47,909

CREDITORS
Amounts falling due after more than
one year

7

34,308

47,783
NET ASSETS 126 126

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26 26
126 126

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 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.

Hallmark Building Solutions Limited (Registered number: 07447599)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





W L Rawle - Director


Hallmark Building Solutions Limited (Registered number: 07447599)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Hallmark Building Solutions 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.

Going concern

The financial statements have been prepared on a going concern basis. The director has a reasonable expectation that despite the adverse economy the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the value of income raised from the company's principal activity, less any discounts and value added tax.

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 - 20% on reducing balance
Fixtures and fittings - 33% on cost

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

Hallmark Building Solutions Limited (Registered number: 07447599)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

Hallmark Building Solutions Limited (Registered number: 07447599)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 25,995 5,083 31,078
DEPRECIATION
At 1 December 2022 - 5,083 5,083
Charge for year 5,199 - 5,199
At 30 November 2023 5,199 5,083 10,282
NET BOOK VALUE
At 30 November 2023 20,796 - 20,796
At 30 November 2022 25,995 - 25,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 5,677
Directors' current accounts 33,269 18,666
VAT 407 4,756
Prepayments and accrued income 333 333
34,009 29,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 2,054
Other loans 4,188 4,188
Tax 9,477 5,250
Social security and other taxes 1,095 187
Other creditors 465 465
Accruals and deferred income 9,050 1,050
24,275 13,194

Hallmark Building Solutions Limited (Registered number: 07447599)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 3,204 3,204
Bank loans - 2-5 years 9,727 9,727
Bank loans more 5 yr by instal 7,901 12,050
Other loans - 2-5 years 13,476 22,802
34,308 47,783

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,901 12,050

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
W L Rawle and Mrs A J Rawle
Balance outstanding at start of year 18,666 21,064
Amounts advanced 8,603 -
Amounts repaid - (2,398 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,269 18,666

Interest of 2.5% is charged on the amount outstanding and the loan was repaid on 6 April 2024.