Company Registration No. 04817107 (England and Wales)
Halstone Limited
Unaudited accounts
for the year ended 30 January 2024
Halstone Limited
Unaudited accounts
Contents
Halstone Limited
Company Information
for the year ended 30 January 2024
Directors
Rachael Robertson
James Robertson
Secretary
Rachael Robertson
Company Number
04817107 (England and Wales)
Registered Office
Brightwell Grange
Britwell Road Burnham
Slough
SL1 8DF
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Halstone Limited
Statement of financial position
as at 30 January 2024
Tangible assets
92,862
79,178
Cash at bank and in hand
72
103,960
Creditors: amounts falling due within one year
(762,670)
(791,336)
Net current liabilities
(143,884)
(110,537)
Total assets less current liabilities
(51,020)
(31,357)
Creditors: amounts falling due after more than one year
(187,500)
(337,500)
Net liabilities
(238,520)
(368,857)
Called up share capital
600
600
Profit and loss account
(239,120)
(369,457)
Shareholders' funds
(238,520)
(368,857)
For the year ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
James Robertson
Director
Company Registration No. 04817107
Halstone Limited
Notes to the Accounts
for the year ended 30 January 2024
Halstone Limited is a private company, limited by shares, registered in England and Wales, registration number 04817107. The registered office is Brightwell Grange, Britwell Road Burnham, Slough, SL1 8DF, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
18years reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
Halstone Limited
Notes to the Accounts
for the year ended 30 January 2024
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
The company will continue to be fully supported by the directors.
3
Intangible fixed assets
Other
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 31 January 2023
115,000
583,175
38,868
737,043
Additions
-
15,331
18,003
33,334
Disposals
-
-
(4,140)
(4,140)
At 30 January 2024
115,000
598,506
52,731
766,237
At 31 January 2023
115,000
514,425
28,440
657,865
Charge for the year
-
14,516
1,822
16,338
On disposals
-
-
(828)
(828)
At 30 January 2024
115,000
528,941
29,434
673,375
At 30 January 2024
-
69,565
23,297
92,862
At 30 January 2023
-
68,750
10,428
79,178
Amounts falling due within one year
Trade debtors
101,278
112,196
Amounts due from group undertakings etc.
379,450
315,443
Accrued income and prepayments
84,823
97,327
Halstone Limited
Notes to the Accounts
for the year ended 30 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
187,432
150,000
Trade creditors
395,713
542,047
Amounts owed to group undertakings and other participating interests
68
68
Taxes and social security
17,601
15,448
Other creditors
2,643
2,787
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
187,500
337,500
Allotted, called up and fully paid:
540 Ordinary A shares of £1 each
540
540
60 Ordinary B shares of £1 each
60
60
9
Transactions with related parties
Included in Debtors are the following inter-company balances:
Dine & Gift Limited £5,932 (2023 - £4,429)
Rare & Flare Limited £3,892 (2023 - £Nil)
Ogilviedavies Limited £368,841 (2023 - £223,914)
Bacana Sangria Limited £1,550 (2023 - £1,550)
M&J Sauces Limited £Nil (2023 - £6,200)
Rickham Limited £Nil (2023 - £79,350)
Included in Creditors are the following inter-company balances:
First & Last Limited £68 (2023 - £68)
Ogilviedavies Limited £46,198 (2023 - £121,192)
Dine & Gift Limited £94 (2023 - £214)
Rare and Flarre Limited £Nil (2023: £42676)
All of the above companies are owned and controlled by the directors.
During the year £1,139,331 (2023 - £807,248) was paid to Ogilviedavies Limited for management fees.
10
Average number of employees
During the year the average number of employees was 45 (2023: 34).