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REGISTERED NUMBER: 01453578 (England and Wales)












Financial Statements

for the Year Ended 31st December 2024

for

HALLMARK VENDING LIMITED

HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Contents of the Financial Statements
for the year ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALLMARK VENDING LIMITED

Company Information
for the year ended 31st December 2024







DIRECTORS: N J E Naismith
C T Newberry
C L Trace
T A Bullock





SECRETARY: C T Newberry





REGISTERED OFFICE: Unit 2 Quadrum Park, Old Portsmouth Road
Peasmarsh
Guildford
Surrey
GU3 1LU





REGISTERED NUMBER: 01453578 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Balance Sheet
31st December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 572,900 667,224
572,900 667,224

CURRENT ASSETS
Stocks 6 157,964 202,255
Debtors 7 427,850 715,998
Cash at bank and in hand 76,567 25,688
662,381 943,941
CREDITORS
Amounts falling due within one year 8 594,417 766,022
NET CURRENT ASSETS 67,964 177,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,864

845,143

CREDITORS
Amounts falling due after more than one year 9 (229,706 ) (261,750 )

PROVISIONS FOR LIABILITIES (51,830 ) (61,373 )
NET ASSETS 359,328 522,020

CAPITAL AND RESERVES
Called up share capital 12 1,055 1,055
Share premium 99,945 99,945
Retained earnings 258,328 421,020
SHAREHOLDERS' FUNDS 359,328 522,020

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

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

HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Balance Sheet - continued
31st December 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 26th February 2025 and were signed on its behalf by:





C T Newberry - Director


HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Notes to the Financial Statements
for the year ended 31st December 2024


1. STATUTORY INFORMATION

HALLMARK VENDING 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1993, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Machinery - Straight line over 8 years
Motor vehicles - 25% on cost
Office and warehouse equipment - 25% on 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.


HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


2. ACCOUNTING POLICIES - continued
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
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 32 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 262,673
AMORTISATION
At 1st January 2024
and 31st December 2024 262,673
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


5. TANGIBLE FIXED ASSETS
Office
and
Motor warehouse
Machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 3,319,788 104,785 139,709 3,564,282
Additions 75,678 - 1,524 77,202
At 31st December 2024 3,395,466 104,785 141,233 3,641,484
DEPRECIATION
At 1st January 2024 2,660,703 104,785 131,570 2,897,058
Charge for year 168,327 - 3,199 171,526
At 31st December 2024 2,829,030 104,785 134,769 3,068,584
NET BOOK VALUE
At 31st December 2024 566,436 - 6,464 572,900
At 31st December 2023 659,085 - 8,139 667,224

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Machinery vehicles Totals
£    £    £   
COST
At 1st January 2024 723,487 - 723,487
Additions 75,678 - 75,678
Transfer to ownership (191,819 ) - (191,819 )
At 31st December 2024 607,346 - 607,346
DEPRECIATION
At 1st January 2024 264,265 37,973 302,238
Charge for year 98,776 - 98,776
Transfer to ownership (126,182 ) (37,973 ) (164,155 )
At 31st December 2024 236,859 - 236,859
NET BOOK VALUE
At 31st December 2024 370,487 - 370,487
At 31st December 2023 459,222 (37,973 ) 421,249

6. STOCKS
31/12/24 31/12/23
£    £   
Stocks 157,964 202,255

HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 351,112 371,091
Amounts owed by group undertakings 25,574 308,590
Accrued income 14,403 -
Prepayments 36,761 36,317
427,850 715,998

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts (see note 10) 47,432 97,602
Hire purchase contracts 118,787 176,064
Trade creditors 207,998 321,097
Tax 98,828 30,518
Social security and other taxes 27,797 23,500
VAT 80,828 58,026
Other creditors 8,827 24,471
Directors' current accounts - 10,000
Deferred income - 94
Accrued expenses 3,920 24,650
594,417 766,022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans (see note 10) 76,338 121,270
Hire purchase contracts 153,368 140,480
229,706 261,750

10. LOANS

An analysis of the maturity of loans is given below:

31/12/24 31/12/23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 50,170
Bank loans 47,432 47,432
47,432 97,602

Amounts falling due between one and two years:
Bank loans repayments due in one to two
years

47,432

47,432

HALLMARK VENDING LIMITED (REGISTERED NUMBER: 01453578)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


10. LOANS - continued
31/12/24 31/12/23
£    £   
Amounts falling due between two and five years:
Bank loan repayments due in two to five
years

28,906

73,838

11. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 123,770 168,702

The above loans are secured by way of a debenture.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
55 Ordinary £1 55 55
1,000 Ordinary A £1 1,000 1,000
1,055 1,055