Registered number
13021183
Halo Poultry Sheds Ltd
Filleted Accounts
30 September 2022
Halo Poultry Sheds Ltd
Registered number: 13021183
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 92 53,464
Cash at bank and in hand 60,665 85,726
60,757 139,190
Creditors: amounts falling due within one year 4 (48,830) (134,638)
Net current assets 11,927 4,552
Net assets 11,927 4,552
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,827 4,452
Shareholders' funds 11,927 4,552
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.
P C Bourns Esq
Director
Approved by the board on 3 October 2024
Halo Poultry Sheds Ltd
Notes to the Accounts
for the period from 1 November 2021 to 30 September 2022
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 (as applied to small entities by section 1A of the standard).
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2022 2021
£ £
Other debtors 92 53,464
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 8,672 86,105
Taxation and social security costs 31,894 46,226
Other creditors 8,264 2,307
48,830 134,638
5 Other information
Halo Poultry Sheds Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bull Pens
Sezincote
Moreton-in-Marsh
Glocuestershire
GL56 9AW
Halo Poultry Sheds Ltd 13021183 false 2021-11-01 2022-09-30 2022-09-30 VT Final Accounts July 2024 P C Bourns Esq No description of principal activity 13021183 2020-11-15 2021-10-31 13021183 core:WithinOneYear 2021-10-31 13021183 core:ShareCapital 2021-10-31 13021183 core:RetainedEarningsAccumulatedLosses 2021-10-31 13021183 2021-11-01 2022-09-30 13021183 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-09-30 13021183 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-09-30 13021183 bus:Director40 2021-11-01 2022-09-30 13021183 1 2021-11-01 2022-09-30 13021183 2 2021-11-01 2022-09-30 13021183 countries:England 2021-11-01 2022-09-30 13021183 bus:FRS102 2021-11-01 2022-09-30 13021183 bus:FilletedAccounts 2021-11-01 2022-09-30 13021183 2022-09-30 13021183 core:WithinOneYear 2022-09-30 13021183 core:ShareCapital 2022-09-30 13021183 core:RetainedEarningsAccumulatedLosses 2022-09-30 13021183 2021-10-31 iso4217:GBP xbrli:pure