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REGISTERED NUMBER: 05817097 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STEVEN HALE HEARING LIMITED

STEVEN HALE HEARING LIMITED (REGISTERED NUMBER: 05817097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEVEN HALE HEARING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S P Hale
Mrs N M Hale





SECRETARY: Mrs N M Hale





REGISTERED OFFICE: 37 Little Aston Lane
Sutton Coldfield
West Midlands
B74 3UA





REGISTERED NUMBER: 05817097 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

STEVEN HALE HEARING LIMITED (REGISTERED NUMBER: 05817097)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,583 39,510
Investments 5 - -
33,583 39,510

CURRENT ASSETS
Stocks 4,972 -
Debtors 6 186,428 13,818
Cash at bank 109,761 233,037
301,161 246,855
CREDITORS
Amounts falling due within one year 7 122,076 106,452
NET CURRENT ASSETS 179,085 140,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,668

179,913

CREDITORS
Amounts falling due after more than one
year

8

(85,378

)

(20,499

)

PROVISIONS FOR LIABILITIES (6,328 ) (7,577 )
NET ASSETS 120,962 151,837

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 120,862 151,737
SHAREHOLDERS' FUNDS 120,962 151,837

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

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

STEVEN HALE HEARING LIMITED (REGISTERED NUMBER: 05817097)

BALANCE SHEET - continued
31 MAY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





S P Hale - Director


STEVEN HALE HEARING LIMITED (REGISTERED NUMBER: 05817097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Steven Hale Hearing 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, 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% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

The average number of employees during the year was 5 (2023 - 4 ) .

STEVEN HALE HEARING LIMITED (REGISTERED NUMBER: 05817097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 67,129
DEPRECIATION
At 1 June 2023 27,619
Charge for year 5,927
At 31 May 2024 33,546
NET BOOK VALUE
At 31 May 2024 33,583
At 31 May 2023 39,510

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 25,000
PROVISIONS
At 1 June 2023
and 31 May 2024 25,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,365 9,180
Other debtors 177,063 4,638
186,428 13,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,378 10,249
Trade creditors 12,974 35,798
Taxation and social security 54,695 31,862
Other creditors 44,029 28,543
122,076 106,452

STEVEN HALE HEARING LIMITED (REGISTERED NUMBER: 05817097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 85,378 20,499

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Directors
2024 2023
£ £
Amounts due to related parties 131 216