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REGISTERED NUMBER: 01208270












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

A H Hale Limited

A H Hale Limited (Registered number: 01208270)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A H Hale Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr B R Doshi
Mr R B Doshi





REGISTERED OFFICE: 8 Argyle Street
Laura Place
Bath
Somerset
BA2 4BQ





REGISTERED NUMBER: 01208270





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

A H Hale Limited (Registered number: 01208270)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,987 25,990
Investments 5 100 100
35,087 26,090

CURRENT ASSETS
Stocks 58,649 55,000
Debtors 6 804,067 813,261
Cash at bank and in hand 862,996 776,595
1,725,712 1,644,856
CREDITORS
Amounts falling due within one year 7 131,198 138,014
NET CURRENT ASSETS 1,594,514 1,506,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,629,601

1,532,932

PROVISIONS FOR LIABILITIES 8 8,738 6,487
NET ASSETS 1,620,863 1,526,445

CAPITAL AND RESERVES
Called up share capital 9 2,304 2,304
Share premium 10 20,736 20,736
Retained earnings 10 1,597,823 1,503,405
SHAREHOLDERS' FUNDS 1,620,863 1,526,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 3 January 2025 and were signed on its behalf by:





Mr B R Doshi - Director


A H Hale Limited (Registered number: 01208270)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

A H Hale Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered address can be found in 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 the NHS Income, over the counter sales and net invoiced sales, 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.
Short leasehold - 10% on straight line
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Group accounts
The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided by s399 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

A H Hale Limited (Registered number: 01208270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 2,709 72,691 3,719 79,119
Additions - 13,515 1,351 14,866
At 30 June 2024 2,709 86,206 5,070 93,985
DEPRECIATION
At 1 July 2023 2,709 48,145 2,275 53,129
Charge for year - 5,202 667 5,869
At 30 June 2024 2,709 53,347 2,942 58,998
NET BOOK VALUE
At 30 June 2024 - 32,859 2,128 34,987
At 30 June 2023 - 24,546 1,444 25,990

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
NHS and Other Trade Debtors 30,934 34,127
Other Debtors 7,392 16,353
Prepayments 3,680 1,812
Loan to Hale Properties Ltd 762,061 760,969
804,067 813,261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Creditors 95,108 90,496
Tax 5,904 -
Social security and other taxes 578 3,389
Other creditors 983 972
Payroll Control Account 3,085 -
Directors' loan accounts 13,877 12,322
Accruals 11,663 30,835
131,198 138,014

A H Hale Limited (Registered number: 01208270)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,738 6,487

Deferred
tax
£   
Balance at 1 July 2023 6,487
Provided during year 2,251
Balance at 30 June 2024 8,738

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,304 Ordinary £1 2,304 2,304

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 1,503,405 20,736 1,524,141
Profit for the year 130,494 130,494
Dividends (36,076 ) (36,076 )
At 30 June 2024 1,597,823 20,736 1,618,559

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,076 were paid to the directors .

The company occupies the shop premises at 8 Argyle Street, Laura Place, Bath which are owned by the Pension 'SIPP' in the names of Mr B R and Mrs T B Doshi (Directors).

Rent in the sum of £30,000 (2023 - £30,000) was paid to the Pension 'SIPP'. There is a balance owing to the SIPP at the year end of £2,500 (2023: £22,500). This is provided for within accrued expenses.

Hale Properties Limited is a subsidiary of A H Hale Ltd. The total balance outstanding on the interest free loan to Hale Properties Limited as at 30 June 2024 was £762,061 (2023: £760,969) and this amount is included within debtors in these financial statements.

12. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the Directors, Mr B R and Mrs T B Doshi and Mr R B Doshi, who 'jointly' own the entire shareholding of A H Hale Limited.