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REGISTERED NUMBER: 02362839 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hall Refrigeration Wholesale Ltd

Hall Refrigeration Wholesale Ltd (Registered number: 02362839)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hall Refrigeration Wholesale Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Stuart
K Peters





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 02362839 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Hall Refrigeration Wholesale Ltd (Registered number: 02362839)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260,309 150,075

CURRENT ASSETS
Stocks 38,450 29,500
Debtors 5 217,763 200,737
Cash at bank and in hand 54,248 66,544
310,461 296,781
CREDITORS
Amounts falling due within one year 6 305,485 181,364
NET CURRENT ASSETS 4,976 115,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,285

265,492

CREDITORS
Amounts falling due after more than one
year

7

(155,377

)

(156,609

)

PROVISIONS FOR LIABILITIES (14,605 ) (14,605 )
NET ASSETS 95,303 94,278

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,203 94,178
SHAREHOLDERS' FUNDS 95,303 94,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Hall Refrigeration Wholesale Ltd (Registered number: 02362839)

Balance Sheet - continued
31 March 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 29 November 2024 and were signed on its behalf by:





M Stuart - Director


Hall Refrigeration Wholesale Ltd (Registered number: 02362839)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hall Refrigeration Wholesale Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income
Turnover represents the fair value of consideration received or receivable derived from the provision of refrigeration and air conditioning goods to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
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.

Hall Refrigeration Wholesale Ltd (Registered number: 02362839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 356,809
Additions 183,058
At 31 March 2024 539,867
DEPRECIATION
At 1 April 2023 206,734
Charge for year 72,824
At 31 March 2024 279,558
NET BOOK VALUE
At 31 March 2024 260,309
At 31 March 2023 150,075

Hall Refrigeration Wholesale Ltd (Registered number: 02362839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 269,398
DEPRECIATION
At 1 April 2023 106,644
Charge for year 32,550
At 31 March 2024 139,194
NET BOOK VALUE
At 31 March 2024 130,204
At 31 March 2023 162,754

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,879 162,456
Other debtors 18,884 38,281
217,763 200,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,000 19,000
Hire purchase contracts (see note 8) 51,866 51,866
Trade creditors 101,629 61,866
Taxation and social security 48,911 28,977
Other creditors 84,079 19,655
305,485 181,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 43,530 41,167
Hire purchase contracts (see note 8) 111,847 115,442
155,377 156,609

8. LEASING AGREEMENTS

The future operating lease commitments total £57,807.

Hall Refrigeration Wholesale Ltd (Registered number: 02362839)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 163,713 167,308

The hire purchase liabilities are secured against the motor vehicles of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Stuart.