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REGISTERED NUMBER: 04771053 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 June 2024

for

S. Halpern Ltd

S. Halpern Ltd (Registered number: 04771053)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. Halpern Ltd

Company Information
for the Year Ended 29 June 2024







DIRECTORS: Mr D Salzman
Mrs R Salzman
Mr S Heimann





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





BUSINESS ADDRESS: 57-59 Leicester Road
Salford
M7 4DA





REGISTERED NUMBER: 04771053 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

S. Halpern Ltd (Registered number: 04771053)

Balance Sheet
29 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,051,631 997,747
1,051,631 997,747

CURRENT ASSETS
Stocks 6 195,000 220,000
Debtors 7 1,091,302 995,957
Cash at bank and in hand 65,496 51,700
1,351,798 1,267,657
CREDITORS
Amounts falling due within one year 8 (2,023,011 ) (1,921,226 )
NET CURRENT LIABILITIES (671,213 ) (653,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,418

344,178

CREDITORS
Amounts falling due after more than one year 9 (105,322 ) (97,019 )

PROVISIONS FOR LIABILITIES (37,315 ) (30,213 )
NET ASSETS 237,781 216,946

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 237,681 216,846
SHAREHOLDERS' FUNDS 237,781 216,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

S. Halpern Ltd (Registered number: 04771053)

Balance Sheet - continued
29 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr D Salzman - Director


S. Halpern Ltd (Registered number: 04771053)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

S. Halpern 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.

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 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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 Statement of Income and Retained Earnings, 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.


S. Halpern Ltd (Registered number: 04771053)

Notes to the Financial Statements - continued
for the Year Ended 29 June 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.

Going concern
The company's financial statements for the year ended 29 June 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 June 2023
and 29 June 2024 500,000
AMORTISATION
At 30 June 2023
and 29 June 2024 500,000
NET BOOK VALUE
At 29 June 2024 -
At 29 June 2023 -

S. Halpern Ltd (Registered number: 04771053)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 30 June 2023 1,133,789 226,049 139,489 1,499,327
Additions 2,056 91,118 - 93,174
At 29 June 2024 1,135,845 317,167 139,489 1,592,501
DEPRECIATION
At 30 June 2023 227,543 176,637 97,400 501,580
Charge for year 22,717 10,259 6,314 39,290
At 29 June 2024 250,260 186,896 103,714 540,870
NET BOOK VALUE
At 29 June 2024 885,585 130,271 35,775 1,051,631
At 29 June 2023 906,246 49,412 42,089 997,747

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 91,118
At 29 June 2024 91,118
DEPRECIATION
Charge for year 2,847
At 29 June 2024 2,847
NET BOOK VALUE
At 29 June 2024 88,271

6. STOCKS
2024 2023
£    £   
Goods for resale 195,000 220,000

S. Halpern Ltd (Registered number: 04771053)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 175,260 145,205
Other debtors 916,042 850,752
1,091,302 995,957

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,142 57,006
Hire purchase contracts 34,222 -
Trade creditors 507,820 502,386
Taxation and social security 64,137 111,990
Other creditors 1,363,690 1,249,844
2,023,011 1,921,226

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 42,660 97,019
Hire purchase contracts 62,662 -
105,322 97,019

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 95,802 154,025
Hire purchase contracts 96,884 -
192,686 154,025

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

S. Halpern Ltd (Registered number: 04771053)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 June 2024 and 29 June 2023:

2024 2023
£    £   
Mr S Heimann
Balance outstanding at start of year - 2,515
Amounts repaid - (2,515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The company has guaranteed upto a maximum £875,000 in respect of a bank loan extended to its directors, Mr D Salzman and Mrs R Salzman. At 29th June 2024, the balance outstanding was £207,195.The loan relates to the property that is occupied by the company.

13. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current account balance of £44,425 (2023: £54,747).There are no fixed repayment terms and no interest is chargeable to the company in respect of these balances.

Included within other creditors is a balance amounting to £1,126,419 (2023: £1,122,285) due to companies in which certain directors of the company are also directors and shareholders. There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other debtors is a balance amounting to £759,557 (2023: £705,920) due from companies in which certain directors of the company are also directors and shareholders. There are no fixed repayment terms and no interest is chargeable by the company in respect of this balance.

Included within other debtors is a balance amounting to £9,149 (2023: £19,949) due from a pension scheme in which certain directors of the company are trustees and beneficiaries. There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

The company's bank overdraft facility is personally guaranteed by the directors, Mr D Salzman and Mrs R Salzman.