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REGISTERED NUMBER: 01410279 (England and Wales)













Hallmark Electronics Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Hallmark Electronics Limited (Registered number: 01410279)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hallmark Electronics Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: C Ince
Mrs C A Ince
C Ince





SECRETARY: Mrs C A Ince





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 01410279 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Hallmark Electronics Limited (Registered number: 01410279)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,442 421,881

CURRENT ASSETS
Stocks 219,755 312,267
Debtors 5 482,738 740,698
Cash at bank 324,279 221,044
1,026,772 1,274,009
CREDITORS
Amounts falling due within one year 6 450,949 583,636
NET CURRENT ASSETS 575,823 690,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

953,265

1,112,254

CREDITORS
Amounts falling due after more than one
year

7

(40,625

)

(97,765

)

PROVISIONS FOR LIABILITIES (91,742 ) (77,730 )
NET ASSETS 820,898 936,759

CAPITAL AND RESERVES
Called up share capital 166 166
Retained earnings 820,732 936,593
SHAREHOLDERS' FUNDS 820,898 936,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hallmark Electronics Limited (Registered number: 01410279)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:





C Ince - Director


Hallmark Electronics Limited (Registered number: 01410279)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Hallmark Electronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

Hallmark Electronics Limited (Registered number: 01410279)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 3,237,195 316,210 9,107 3,562,512
Additions 19,934 1,492 1,107 22,533
At 29 February 2024 3,257,129 317,702 10,214 3,585,045
DEPRECIATION
At 1 March 2023 2,886,093 246,041 8,497 3,140,631
Charge for year 55,656 10,749 567 66,972
At 29 February 2024 2,941,749 256,790 9,064 3,207,603
NET BOOK VALUE
At 29 February 2024 315,380 60,912 1,150 377,442
At 28 February 2023 351,102 70,169 610 421,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 465,361 729,246
Other debtors 17,377 11,452
482,738 740,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,500 37,500
Hire purchase contracts 19,640 31,581
Trade creditors 231,524 272,161
Taxation and social security 107,787 196,803
Other creditors 54,498 45,591
450,949 583,636

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 40,625 78,125
Hire purchase contracts - 19,640
40,625 97,765

Hallmark Electronics Limited (Registered number: 01410279)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. SECURED DEBTS

The bank has a fixed and floating charge over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.

The bank has a legal charge over Hallmark House, Loomer Road, Chesterton