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REGISTERED NUMBER: 01410279 (England and Wales)













Hallmark Electronics Limited

Unaudited Financial Statements

for the Year Ended 28 February 2025






Hallmark Electronics Limited (Registered number: 01410279)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hallmark Electronics Limited

Company Information
for the year ended 28 February 2025







DIRECTORS: Mrs C A Ince
C Ince





SECRETARY: Mrs C A Ince





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 01410279 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Hallmark Electronics Limited (Registered number: 01410279)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 379,240 377,442

CURRENT ASSETS
Stocks 277,018 219,755
Debtors 5 503,928 482,738
Cash at bank 369,118 324,279
1,150,064 1,026,772
CREDITORS
Amounts falling due within one year 6 545,430 450,949
NET CURRENT ASSETS 604,634 575,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,874

953,265

CREDITORS
Amounts falling due after more than one
year

7

(3,125

)

(40,625

)

PROVISIONS FOR LIABILITIES (91,686 ) (91,742 )
NET ASSETS 889,063 820,898

CAPITAL AND RESERVES
Called up share capital 166 166
Retained earnings 888,897 820,732
SHAREHOLDERS' FUNDS 889,063 820,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Hallmark Electronics Limited (Registered number: 01410279)

Balance Sheet - continued
28 February 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 11 April 2025 and were signed on its behalf by:





C Ince - Director


Hallmark Electronics Limited (Registered number: 01410279)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Hallmark Electronics 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 represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 28 (2024 - 28 ) .

Hallmark Electronics Limited (Registered number: 01410279)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2024 3,257,129 317,702 10,214 3,585,045
Additions 61,651 4,595 3,450 69,696
At 28 February 2025 3,318,780 322,297 13,664 3,654,741
DEPRECIATION
At 1 March 2024 2,941,749 256,790 9,064 3,207,603
Charge for year 56,555 9,825 1,518 67,898
At 28 February 2025 2,998,304 266,615 10,582 3,275,501
NET BOOK VALUE
At 28 February 2025 320,476 55,682 3,082 379,240
At 29 February 2024 315,380 60,912 1,150 377,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 469,450 465,361
Other debtors 34,478 17,377
503,928 482,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 37,500 37,500
Hire purchase contracts - 19,640
Trade creditors 327,007 231,524
Taxation and social security 90,930 107,787
Other creditors 89,993 54,498
545,430 450,949

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 3,125 40,625

Hallmark Electronics Limited (Registered number: 01410279)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

8. SECURED DEBTS

The bank has a fixed and floating charge over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.

The bank has a legal charge over Hallmark House, Loomer Road, Chesterton