Company registration number 01111758 (England and Wales)
Hall and Rhodes Security Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
Hall and Rhodes Security Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Hall and Rhodes Security Limited
Statement of financial position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
26,485
31,330
Current assets
Stocks
24,058
22,169
Debtors
6
390,987
182,030
Cash at bank and in hand
184,994
388,533
600,039
592,732
Creditors: amounts falling due within one year
7
(384,318)
(380,793)
Net current assets
215,721
211,939
Total assets less current liabilities
242,206
243,269
Creditors: amounts falling due after more than one year
8
(9,167)
(19,167)
Provisions for liabilities
(639)
Net assets
232,400
224,102
Capital and reserves
Called up share capital
96
96
Profit and loss reserves
232,304
224,006
Total equity
232,400
224,102
Hall and Rhodes Security Limited
Statement of financial position (continued)
as at 30 June 2024
- 2 -
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 October 2024 and are signed on its behalf by:
S A Beeby
Director
Company registration number 01111758 (England and Wales)
Hall and Rhodes Security Limited
Notes to the financial statements
for the year ended 30 June 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% Reducing balance
Fixtures and fittings
20% straight line
Computers
50% Straight line
Motor vehicles
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Hall and Rhodes Security Limited
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
13
13
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
53,570
Deferred tax
Origination and reversal of timing differences
639
Total tax charge
54,209
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
1,567
26,949
1,550
94,482
124,548
Additions
5,635
2,002
7,637
Disposals
(3,106)
(3,285)
(18,331)
(24,722)
At 30 June 2024
1,567
29,478
267
76,151
107,463
Depreciation and impairment
At 1 July 2023
852
13,709
1,550
77,107
93,218
Depreciation charged in the year
175
5,905
1,002
4,025
11,107
Eliminated in respect of disposals
(3,106)
(3,285)
(16,956)
(23,347)
At 30 June 2024
1,027
16,508
(733)
64,176
80,978
Carrying amount
At 30 June 2024
540
12,970
1,000
11,975
26,485
At 30 June 2023
715
13,240
17,375
31,330
Hall and Rhodes Security Limited
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 5 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
147,163
153,234
Other debtors
237,149
21,958
Prepayments and accrued income
6,675
6,838
390,987
182,030
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
42,923
78,944
Corporation tax
53,570
Other taxation and social security
45,272
59,545
Accruals and deferred income
232,553
232,304
384,318
380,793
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,167
19,167
9
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:
Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
639
-
2024
Movements in the year:
£
Liability at 1 July 2023
-
Charge to profit or loss
639
Liability at 30 June 2024
639
Hall and Rhodes Security Limited
Notes to the financial statements (continued)
for the year ended 30 June 2024
9
Deferred taxation
(continued)
- 6 -
The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.
10
Parent company
The company's parent company is Hall and Rhodes Holdings Limited, a company registered in England & Wales, whose registered office is Abzorb, Armytage Road, Brighouse, West Yorkshire, United Kingdom, HD6 1QF.
11
Company information
Hall and Rhodes Security Limited is a private company limited by shares incorporated in England and Wales. The registered office is 138-140 Blackmoor Foot Road, Huddersfield, West Yorkshire, HD4 5RL.