Caseware UK (AP4) 2023.0.135 2023.0.135 false2022-09-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08877709 2022-09-01 2023-08-31 08877709 2021-09-01 2022-08-31 08877709 2023-08-31 08877709 2022-08-31 08877709 c:Director1 2022-09-01 2023-08-31 08877709 c:Director2 2022-09-01 2023-08-31 08877709 c:Director2 2023-08-31 08877709 c:RegisteredOffice 2022-09-01 2023-08-31 08877709 d:PlantMachinery 2022-09-01 2023-08-31 08877709 d:PlantMachinery 2023-08-31 08877709 d:PlantMachinery 2022-08-31 08877709 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08877709 d:FurnitureFittings 2022-09-01 2023-08-31 08877709 d:FurnitureFittings 2023-08-31 08877709 d:FurnitureFittings 2022-08-31 08877709 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08877709 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08877709 d:CurrentFinancialInstruments 2023-08-31 08877709 d:CurrentFinancialInstruments 2022-08-31 08877709 d:Non-currentFinancialInstruments 2023-08-31 08877709 d:Non-currentFinancialInstruments 2022-08-31 08877709 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08877709 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08877709 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08877709 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 08877709 d:ShareCapital 2023-08-31 08877709 d:ShareCapital 2022-08-31 08877709 d:RetainedEarningsAccumulatedLosses 2023-08-31 08877709 d:RetainedEarningsAccumulatedLosses 2022-08-31 08877709 c:OrdinaryShareClass1 2022-09-01 2023-08-31 08877709 c:OrdinaryShareClass1 2023-08-31 08877709 c:OrdinaryShareClass1 2022-08-31 08877709 c:FRS102 2022-09-01 2023-08-31 08877709 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08877709 c:AbridgedAccounts 2022-09-01 2023-08-31 08877709 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08877709 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08877709










HALO MOBILE LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 August 2023

 
HALO MOBILE LIMITED
 

Company Information


Directors
S Pearson 
A Perry (resigned 19 August 2024)




Registered number
08877709



Registered office
Retford Enterprise
Randall Way

Retford

DN22 7GR





 
HALO MOBILE LIMITED
Registered number: 08877709

Balance sheet
As at 31 August 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
73,196
33,151

  
73,196
33,151

Current assets
  

Stocks
  
1,000
1,000

Debtors
  
37,819
46,611

Cash at bank and in hand
  
7,476
8,283

  
46,295
55,894

Creditors: amounts falling due within one year
 6 
(66,872)
(25,281)

Net current (liabilities)/assets
  
 
 
(20,577)
 
 
30,613

Total assets less current liabilities
  
52,619
63,764

Creditors: amounts falling due after more than one year
  
(18,336)
(26,036)

Net assets
  
34,283
37,728


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
34,183
37,628

  
34,283
37,728


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2024.

S Pearson
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
HALO MOBILE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

1.


General information

Halo Mobile Limited is a private company limited by shares incorporated in England with the United Kingdom.  The registered office address is given on the Company Information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
HALO MOBILE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Handsets
-
50%
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
HALO MOBILE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Handsets
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2022
93,989
11,732
105,721


Additions
141,298
-
141,298



At 31 August 2023

235,287
11,732
247,019



Depreciation


At 1 September 2022
64,311
8,259
72,570


Charge for the year on owned assets
100,327
926
101,253



At 31 August 2023

164,638
9,185
173,823



Net book value



At 31 August 2023
70,649
2,547
73,196



At 31 August 2022
29,678
3,473
33,151

Page 4

 
HALO MOBILE LIMITED
 

 
Notes to the financial statements
For the year ended 31 August 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
21,611

Amounts owed by group undertakings
33,850
25,000

Other debtors
3,969
-

37,819
46,611



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
11,000

Trade creditors
55,447
5,891

Taxation and social security
-
6,965

Accruals and deferred income
1,425
1,425

66,872
25,281



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,336
26,036

18,336
26,036



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Controlling party

The ultimate parent company is Spear Technology Holdings Limited, a company registered in England and Wales whose registered office is 70 Clarkehouse Road, Sheffield, S10 2LJ.
The company is controlled by Stuart Pearson as a result of his controlling interest in the holding company.


Page 5