5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 60,000 60,000 xbrli:pure xbrli:shares iso4217:GBP 09438392 2023-04-01 2024-03-31 09438392 2024-03-31 09438392 2023-03-31 09438392 2022-04-01 2023-03-31 09438392 2023-03-31 09438392 2022-03-31 09438392 core:NetGoodwill 2023-04-01 2024-03-31 09438392 core:PlantMachinery 2023-04-01 2024-03-31 09438392 core:MotorVehicles 2023-04-01 2024-03-31 09438392 bus:Director1 2023-04-01 2024-03-31 09438392 core:NetGoodwill 2024-03-31 09438392 core:PlantMachinery 2023-03-31 09438392 core:MotorVehicles 2023-03-31 09438392 core:PlantMachinery 2024-03-31 09438392 core:MotorVehicles 2024-03-31 09438392 core:WithinOneYear 2024-03-31 09438392 core:WithinOneYear 2023-03-31 09438392 core:ShareCapital 2024-03-31 09438392 core:ShareCapital 2023-03-31 09438392 core:RetainedEarningsAccumulatedLosses 2024-03-31 09438392 core:RetainedEarningsAccumulatedLosses 2023-03-31 09438392 core:PlantMachinery 2023-03-31 09438392 core:MotorVehicles 2023-03-31 09438392 bus:SmallEntities 2023-04-01 2024-03-31 09438392 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09438392 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09438392 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09438392 bus:FullAccounts 2023-04-01 2024-03-31 09438392 core:OfficeEquipment 2023-04-01 2024-03-31 09438392 core:OfficeEquipment 2023-03-31 09438392 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 09438392
Hallam Heating Limited
Filleted Unaudited Financial Statements
31 March 2024
Hallam Heating Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
23,447
21,561
Current assets
Debtors
7
60,796
88,345
Cash at bank and in hand
228,636
153,315
---------
---------
289,432
241,660
Creditors: amounts falling due within one year
8
78,035
46,823
---------
---------
Net current assets
211,397
194,837
---------
---------
Total assets less current liabilities
234,844
216,398
Provisions
Taxation including deferred tax
4,097
4,097
---------
---------
Net assets
230,747
212,301
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
230,647
212,201
---------
---------
Shareholders funds
230,747
212,301
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have 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 Act with respect to accounting records and the preparation of financial statements .
Hallam Heating Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr K D Hallam
Director
Company registration number: 09438392
Hallam Heating Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Bryn Y Groes, Gresford, Wrexham, LL12 8TZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year for plumbing and heating services, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Office Equipment
-
33% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
60,000
--------
Amortisation
At 1 April 2023 and 31 March 2024
60,000
--------
Carrying amount
At 31 March 2024
--------
At 31 March 2023
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
1,370
39,556
1,439
42,365
Additions
28,300
637
28,937
Disposals
( 294)
( 25,138)
( 349)
( 25,781)
-------
--------
-------
--------
At 31 March 2024
1,076
42,718
1,727
45,521
-------
--------
-------
--------
Depreciation
At 1 April 2023
1,209
18,779
816
20,804
Charge for the year
32
7,556
576
8,164
Disposals
( 260)
( 6,285)
( 349)
( 6,894)
-------
--------
-------
--------
At 31 March 2024
981
20,050
1,043
22,074
-------
--------
-------
--------
Carrying amount
At 31 March 2024
95
22,668
684
23,447
-------
--------
-------
--------
At 31 March 2023
161
20,777
623
21,561
-------
--------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
54,790
81,114
Other debtors
6,006
7,231
--------
--------
60,796
88,345
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
24,733
18,163
Social security and other taxes
45,936
22,926
Other creditors
7,366
5,734
--------
--------
78,035
46,823
--------
--------
9. Directors' advances, credits and guarantees
The directors operate a current account with the company. As follows :
2024
£
Opening Balance 2,118
Movements 868
-------
Closing Balance 2,986
-------
No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.
10. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102 section 33 other than the operation of a directors' loan account. The balance on this account is disclosed in the notes.