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REGISTERED NUMBER: 08020147 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

HALO X-RAY TECHNOLOGIES LTD

HALO X-RAY TECHNOLOGIES LTD (REGISTERED NUMBER: 08020147)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HALO X-RAY TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Dr S X Godber
Dr P W Loeffen
D J Smith





REGISTERED OFFICE: Unit 2
Castle Park
Queens Drive
Nottingham
Nottinghamshire
NG2 1AH





REGISTERED NUMBER: 08020147 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

HALO X-RAY TECHNOLOGIES LTD (REGISTERED NUMBER: 08020147)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,432 71,802

CURRENT ASSETS
Stocks 14,123 -
Debtors 5 256,062 445,343
Cash at bank 953,068 1,672,364
1,223,253 2,117,707
CREDITORS
Amounts falling due within one year 6 327,002 298,300
NET CURRENT ASSETS 896,251 1,819,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,683

1,891,209

CAPITAL AND RESERVES
Called up share capital 8 2,304 2,304
Share premium 9 3,963,389 3,963,389
Retained earnings 9 (3,009,010 ) (2,074,484 )
SHAREHOLDERS' FUNDS 956,683 1,891,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 May 2025 and were signed on its behalf by:





Dr S X Godber - Director


HALO X-RAY TECHNOLOGIES LTD (REGISTERED NUMBER: 08020147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

HALO X-ray Technologies Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 sales of products and grants receivable for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Computer and office equipment - 20% to 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Grants
Grants of a revenue nature are credited to the profit and loss account in the period to which they relate and are included as turnover.

HALO X-RAY TECHNOLOGIES LTD (REGISTERED NUMBER: 08020147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Operating leases
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Computer
Improvements and
to Plant and office
property machinery equipment Totals
£    £    £    £   
COST
At 1 October 2023 49,998 34,074 71,190 155,262
Additions - - 16,462 16,462
At 30 September 2024 49,998 34,074 87,652 171,724
DEPRECIATION
At 1 October 2023 19,252 20,412 43,796 83,460
Charge for year 8,344 6,703 12,785 27,832
At 30 September 2024 27,596 27,115 56,581 111,292
NET BOOK VALUE
At 30 September 2024 22,402 6,959 31,071 60,432
At 30 September 2023 30,746 13,662 27,394 71,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,499 47,888
Other debtors 17,956 100,434
Tax 163,278 224,958
Prepayments 69,329 72,063
256,062 445,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 112,397 119,103
Social security and other taxes 22,832 16,647
Other creditors 10,306 6,476
Accruals and deferred income 181,467 156,074
327,002 298,300

HALO X-RAY TECHNOLOGIES LTD (REGISTERED NUMBER: 08020147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 59,500 59,500
Between one and five years - 59,500
59,500 119,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.09.24 30.09.23
Value: £ £

102,366 Ordinary 1p 1,024 1,024
127,993 Preferred 1p 1,279 1,279
2,304 2,304

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 (2,074,484 ) 3,963,389 1,888,905
Deficit for the year (934,526 ) (934,526 )
At 30 September 2024 (3,009,010 ) 3,963,389 954,379