2023-06-012024-05-312024-05-31false11989035HALLY DESIGNS 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HALLY DESIGNS LIMITED

Registered Number
11989035
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

HALLY DESIGNS LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

HALL, G
HALL, L

Registered Address

58 Cedars Green
Gateshead
NE9 6QE

Registered Number

11989035 (England and Wales)
HALLY DESIGNS LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets326,50031,800
Tangible assets4293327
26,79332,127
Current assets
Stocks304364
Debtors1,232-
Cash at bank and on hand19,0561,100
20,5921,464
Creditors amounts falling due within one year(18,176)(18,383)
Net current assets (liabilities)2,416(16,919)
Total assets less current liabilities29,20915,208
Creditors amounts falling due after one year-(1,000)
Net assets29,20914,208
Capital and reserves
Called up share capital11
Profit and loss account29,20814,207
Shareholders' funds29,20914,208
The financial statements were approved and authorised for issue by the Board of Directors on 5 November 2024, and are signed on its behalf by:
HALL, L
Director
Registered Company No. 11989035
HALLY DESIGNS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Intangible assets
Intangible assets are capitalised and amortised over their useful life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings3
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year12
3.Intangible assets

Total

£
Cost or valuation
At 01 June 2353,000
At 31 May 2453,000
Amortisation and impairment
At 01 June 2321,200
Charge for year5,300
At 31 May 2426,500
Net book value
At 31 May 2426,500
At 31 May 2331,800
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 233,707
Additions279
At 31 May 243,986
Depreciation and impairment
At 01 June 233,380
Charge for year313
At 31 May 243,694
Net book value
At 31 May 24293
At 31 May 23327