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REGISTERED NUMBER: 04682674 (England and Wales)












F D Hall and Son Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






F D Hall and Son Limited (Registered number: 04682674)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


F D Hall and Son Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: R Hall
Mrs A D Hall
Mrs E J Lewsey
M D Hall





SECRETARY: Mrs A D Hall





REGISTERED OFFICE: Tre Ober
Upton Cross
LISKEARD
Cornwall
PL14 5AX





REGISTERED NUMBER: 04682674 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

F D Hall and Son Limited (Registered number: 04682674)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 272 340
Tangible assets 5 421,771 444,904
422,043 445,244

CURRENT ASSETS
Stocks 121,444 85,097
Debtors 6 296,308 390,105
Cash at bank and in hand 336,643 369,741
754,395 844,943
CREDITORS
Amounts falling due within one year 7 169,189 284,719
NET CURRENT ASSETS 585,206 560,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,249

1,005,468

CREDITORS
Amounts falling due after more than one
year

8

(15,090

)

(20,356

)

PROVISIONS FOR LIABILITIES (27,725 ) (30,436 )
NET ASSETS 964,434 954,676

CAPITAL AND RESERVES
Called up share capital 230,000 230,000
Retained earnings 734,434 724,676
SHAREHOLDERS' FUNDS 964,434 954,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

F D Hall and Son Limited (Registered number: 04682674)

Statement of Financial Position - continued
31st March 2024


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 29th August 2024 and were signed on its behalf by:





R Hall - Director


F D Hall and Son Limited (Registered number: 04682674)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

F D Hall and Son 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 represents net sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost and not provided
Buildings - 4% on cost
Plant and machinery - 25% on reducing balance and 4% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

F D Hall and Son Limited (Registered number: 04682674)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are accounted for based on the accruals model. Grants relating to revenue are recognised as income in the periods in which they become receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 61,360
AMORTISATION
At 1st April 2023 61,020
Charge for year 68
At 31st March 2024 61,088
NET BOOK VALUE
At 31st March 2024 272
At 31st March 2023 340

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 542,767 441,224 983,991
Additions - 4,527 4,527
Disposals - (8,250 ) (8,250 )
At 31st March 2024 542,767 437,501 980,268
DEPRECIATION
At 1st April 2023 213,616 325,471 539,087
Charge for year 12,597 15,037 27,634
Eliminated on disposal - (8,224 ) (8,224 )
At 31st March 2024 226,213 332,284 558,497
NET BOOK VALUE
At 31st March 2024 316,554 105,217 421,771
At 31st March 2023 329,151 115,753 444,904

F D Hall and Son Limited (Registered number: 04682674)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 28,800
DEPRECIATION
At 1st April 2023 16,650
Charge for year 3,038
At 31st March 2024 19,688
NET BOOK VALUE
At 31st March 2024 9,112
At 31st March 2023 12,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,826 374,652
Other debtors 13,482 15,453
296,308 390,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,521 5,992
Hire purchase contracts (see note 9) 215 2,472
Trade creditors 51,761 50,188
Taxation and social security 65,608 112,597
Other creditors 46,084 113,470
169,189 284,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,090 20,141
Hire purchase contracts (see note 9) - 215
15,090 20,356

F D Hall and Son Limited (Registered number: 04682674)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 215 2,472
Between one and five years - 215
215 2,687

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,611 26,133

Lloyds Bank have a fixed and floating charge over all property or undertaking of the company.