Registered number
08327970
Halso Management Services Limited
Report and Accounts
30 June 2024
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Halso Management Services Limited
Registered number: 08327970
Balance Sheet
as at 30 June 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 423,859 423,859
Investments 4 100 100
423,959 423,959
Current assets
Debtors 5 64,372 13,773
Cash at bank and in hand 98,002 60,414
162,374 74,187
Creditors: amounts falling due within one year 6 (555,576) (395,850)
Net current liabilities (393,202) (321,663)
Total assets less current liabilities 30,757 102,296
Creditors: amounts falling due after more than one year 7 - (73,402)
Net assets 30,757 28,894
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,657 28,794
Shareholders' funds 30,757 28,894
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Osborn-Wilkes
Director
Approved by the board on 6 September 2024
Halso Management Services Limited
Notes to the Accounts
for the period from 31 December 2022 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Nil
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 31 December 2022 423,859
At 30 June 2024 423,859
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 423,859
At 30 December 2022 423,859
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 31 December 2022 100
At 30 June 2024 100
The company holds 100% of the share capital of Beacon Metals Limited, a company registered in the UK.
5 Debtors 2024 2022
£ £
Trade debtors 1,500 12,125
Amounts owed by group undertakings and undertakings in which the company has a participating interest 52,500 -
Other debtors 10,372 1,648
64,372 13,773
6 Creditors: amounts falling due within one year 2024 2022
£ £
Bank loans and overdrafts - 14,702
Amounts owed to group undertakings and undertakings in which the company has a participating interest 530,232 366,638
Corporation tax 13,219 12,950
Other creditors 12,125 1,560
555,576 395,850
7 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans - 73,402
8 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
9 Controlling party
The company is a wholly owned subsidiary of Halso Boiler Services Limited, a company incorporated in the UK.
The ultimate parent company is Osborn Head Office Limited, a company incorporated in the UK.
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