Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseRoofing33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4591978 2023-04-01 2024-03-31 4591978 2022-04-01 2023-03-31 4591978 2024-03-31 4591978 2023-03-31 4591978 2022-04-01 4591978 c:Director2 2023-04-01 2024-03-31 4591978 d:PlantMachinery 2023-04-01 2024-03-31 4591978 d:PlantMachinery 2024-03-31 4591978 d:PlantMachinery 2023-03-31 4591978 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 4591978 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 4591978 d:MotorVehicles 2023-04-01 2024-03-31 4591978 d:MotorVehicles 2024-03-31 4591978 d:MotorVehicles 2023-03-31 4591978 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 4591978 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 4591978 d:FurnitureFittings 2023-04-01 2024-03-31 4591978 d:FurnitureFittings 2024-03-31 4591978 d:FurnitureFittings 2023-03-31 4591978 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 4591978 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 4591978 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 4591978 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 4591978 d:CurrentFinancialInstruments 2024-03-31 4591978 d:CurrentFinancialInstruments 2023-03-31 4591978 d:Non-currentFinancialInstruments 2024-03-31 4591978 d:Non-currentFinancialInstruments 2023-03-31 4591978 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 4591978 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 4591978 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 4591978 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 4591978 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 4591978 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 4591978 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 4591978 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 4591978 d:ShareCapital 2024-03-31 4591978 d:ShareCapital 2023-03-31 4591978 d:RetainedEarningsAccumulatedLosses 2024-03-31 4591978 d:RetainedEarningsAccumulatedLosses 2023-03-31 4591978 c:OrdinaryShareClass1 2023-04-01 2024-03-31 4591978 c:OrdinaryShareClass1 2024-03-31 4591978 c:OrdinaryShareClass1 2023-03-31 4591978 c:OrdinaryShareClass2 2023-04-01 2024-03-31 4591978 c:OrdinaryShareClass2 2024-03-31 4591978 c:OrdinaryShareClass2 2023-03-31 4591978 c:FRS102 2023-04-01 2024-03-31 4591978 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 4591978 c:FullAccounts 2023-04-01 2024-03-31 4591978 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4591978 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 4591978 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 4591978 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 4591978 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 4591978 2 2023-04-01 2024-03-31 4591978 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 4591978 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 4591978 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 4591978 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 4591978 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 4591978









MICHAEL HALL LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
MICHAEL HALL LIMITED
REGISTERED NUMBER: 4591978

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
57,602
76,805

Current assets
  

Debtors: amounts falling due within one year
 5 
172,830
253,201

Creditors: amounts falling due within one year
 6 
(274,406)
(247,337)

Net current (liabilities)/assets
  
 
 
(101,576)
 
 
5,864

Total assets less current liabilities
  
(43,974)
82,669

Creditors: amounts falling due after more than one year
 7 
(21,201)
(57,962)

Provisions for liabilities
  

Deferred tax
 10 
-
(11,202)

Net (liabilities)/assets
  
(65,175)
13,505


Capital and reserves
  

Called up share capital 
 11 
200
200

Profit and loss account
  
(65,375)
13,305

  
(65,175)
13,505


Page 1

 
MICHAEL HALL LIMITED
REGISTERED NUMBER: 4591978
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2025.






Mrs N South
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Michael Hall Limited is a private company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The company’s principal activity during the year was that of roofing contractors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Furniture, fittings and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Furniture, fittings and equipment
Total

£
£
£
£



Cost 


At 1 April 2023
29,744
88,317
7,292
125,353



At 31 March 2024

29,744
88,317
7,292
125,353



Depreciation


At 1 April 2023
7,437
35,947
5,164
48,548


Charge for the year on owned assets
5,578
9,218
533
15,329


Charge for the year on financed assets
-
3,874
-
3,874



At 31 March 2024

13,015
49,039
5,697
67,751



Net book value



At 31 March 2024
16,729
39,278
1,595
57,602



At 31 March 2023
22,307
52,370
2,128
76,805

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
11,622
15,496

Page 6

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
60,917
143,345

Other debtors
109,913
107,856

Prepayments and accrued income
2,000
2,000

172,830
253,201



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
56,588
30,594

Bank loans
50,123
36,998

Trade creditors
117,558
131,126

Corporation tax
9,677
10,741

Other taxation and social security
20,601
16,732

Obligations under finance lease and hire purchase contracts
5,128
4,634

Other creditors
5,883
6,455

Accruals and deferred income
8,848
10,057

274,406
247,337



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,091
44,724

Net obligations under finance leases and hire purchase contracts
8,110
13,238

21,201
57,962


Page 7

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,123
36,998

Amounts falling due 1-2 years

Bank loans
13,091
31,633

Amounts falling due 2-5 years

Bank loans
-
13,091


63,214
81,722


The bounce back loan is both interest and repayment free for the first twelve months. After such time the loan is repayable over 5 years at an interest rate of 2.5%.


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,128
4,634

Between 1-5 years
8,110
13,238

13,238
17,872

Page 8

 
MICHAEL HALL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(11,202)
(10,199)


Released/(charged) to profit or loss
11,202
(1,003)



At end of year
-
(11,202)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(11,202)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100
100 (2023 - 100) Ordinary A shares of £1 each
100
100

200

200


Ordinary A shares will rank pari passu with the Ordinary shares except for independent dividend rights which will be entirely at the discretion of the company.



12.


Transactions with directors

Included within other debtors is a loan to a director totalling £78,060 (2023 - £66,836). Interest is charged on an average basis at the official rate of 2.25%.

 
Page 9