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REGISTERED NUMBER: 11898931 (England and Wales)







FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025

FOR

HALO HIRE LTD

HALO HIRE LTD (REGISTERED NUMBER: 11898931)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALO HIRE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025







DIRECTORS: N A Coates
P J Leneghan





REGISTERED OFFICE: 873 High Road
North Finchley
London
N12 8QA





REGISTERED NUMBER: 11898931 (England and Wales)





ACCOUNTANTS: BENEDICTS
873 High Road
North Finchley
London
N12 8QA

HALO HIRE LTD (REGISTERED NUMBER: 11898931)

BALANCE SHEET
31 MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 739,871 738,923

CURRENT ASSETS
Debtors 5 62,295 64,947
Cash at bank 132,382 170,976
194,677 235,923
CREDITORS
Amounts falling due within one year 6 190,059 299,612
NET CURRENT ASSETS/(LIABILITIES) 4,618 (63,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,489

675,234

CREDITORS
Amounts falling due after more than one
year

7

(9,599

)

(154,578

)

PROVISIONS FOR LIABILITIES (171,058 ) (143,916 )
NET ASSETS 563,832 376,740

CAPITAL AND RESERVES
Called up share capital 8 300 300
Capital redemption reserve 9 150 150
Retained earnings 9 563,382 376,290
SHAREHOLDERS' FUNDS 563,832 376,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 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.

HALO HIRE LTD (REGISTERED NUMBER: 11898931)

BALANCE SHEET - continued
31 MAY 2025


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 25 June 2025 and were signed on its behalf by:




N A Coates - Director



P J Leneghan - Director


HALO HIRE LTD (REGISTERED NUMBER: 11898931)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the period 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.


HALO HIRE LTD (REGISTERED NUMBER: 11898931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025

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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2024 926,400 641,320 1,567,720
Additions 187,000 - 187,000
Disposals (326,273 ) (27,865 ) (354,138 )
At 31 May 2025 787,127 613,455 1,400,582
DEPRECIATION
At 1 May 2024 467,320 361,477 828,797
Charge for period 106,220 72,607 178,827
Eliminated on disposal (330,804 ) (16,109 ) (346,913 )
At 31 May 2025 242,736 417,975 660,711
NET BOOK VALUE
At 31 May 2025 544,391 195,480 739,871
At 30 April 2024 459,080 279,843 738,923

HALO HIRE LTD (REGISTERED NUMBER: 11898931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 59,325 64,947
VAT 2,970 -
62,295 64,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,268 10,268
Hire purchase contracts 147,916 265,912
Trade creditors 9,836 5,044
Taxation 15,047 -
VAT - 11,834
Other creditors 50 50
Directors' current accounts 100 100
Accruals 6,842 6,404
190,059 299,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 451 11,324
Hire purchase contracts 9,148 143,254
9,599 154,578

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 'B' Ordinary £100 100 100
100 'C' Ordinary £100 100 100
50 'D Ordinary £50 50 50
50 'E' Ordinary £50 50 50
300 300

HALO HIRE LTD (REGISTERED NUMBER: 11898931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 31 MAY 2025

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2024 376,290 150 376,440
Profit for the period 187,092 187,092
At 31 May 2025 563,382 150 563,532

10. RELATED PARTY DISCLOSURES

During the year LPC Construction Limited, a company with common directors, charged the company management fees of £155,631 (2024 - £160,000).