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COMPANY REGISTRATION NUMBER: 02679142
Hallford Refurbishments Limited
Filleted Unaudited Financial Statements
31 March 2025
Hallford Refurbishments Limited
Financial Statements
Year Ended 31st March 2025
Contents
Page
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
4
Hallford Refurbishments Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Hallford Refurbishments Limited
Year Ended 31st March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hallford Refurbishments Limited for the year ended 31st March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Hallford Refurbishments Limited, as a body, in accordance with the terms of our engagement letter dated 26th April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Hallford Refurbishments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hallford Refurbishments Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Hallford Refurbishments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hallford Refurbishments Limited. You consider that Hallford Refurbishments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Hallford Refurbishments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MJ GREEN ACCOUNTANCY SERVICES LTD Chartered Certified Accountants
Unit 10 Silver End Business Park Brettell Lane Brierley Hill West Midlands DY5 3LG
13 August 2025
Hallford Refurbishments Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed Assets
Tangible assets
5
30,603
6,495
Investments
6
105,274
100,453
---------
---------
135,877
106,948
Current Assets
Debtors
7
375,605
94,122
Cash at bank and in hand
355,774
511,137
---------
---------
731,379
605,259
Creditors: amounts falling due within one year
8
317,326
163,456
---------
---------
Net Current Assets
414,053
441,803
---------
---------
Total Assets Less Current Liabilities
549,930
548,751
Provisions
Taxation including deferred tax
383
1,234
---------
---------
Net Assets
549,547
547,517
---------
---------
Capital and Reserves
Called up share capital
2,000
2,000
Profit and loss account
547,547
545,517
---------
---------
Shareholders Funds
549,547
547,517
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hallford Refurbishments Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 13 August 2025 , and are signed on behalf of the board by:
S Hallowell
Director
Company registration number: 02679142
Hallford Refurbishments Limited
Notes to the Financial Statements
Year Ended 31st March 2025
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Silver End Business Park, Brettell Lane, Brierley Hill, West Midlands, DY5 3LG.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
IT equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. Tangible Assets
Fixtures and fittings
Motor vehicles
IT equipment
Total
£
£
£
£
Cost
At 1st April 2024
16,501
22,443
12,054
50,998
Additions
34,860
34,860
--------
--------
--------
--------
At 31st March 2025
16,501
57,303
12,054
85,858
--------
--------
--------
--------
Depreciation
At 1st April 2024
15,068
18,948
10,487
44,503
Charge for the year
215
9,589
948
10,752
--------
--------
--------
--------
At 31st March 2025
15,283
28,537
11,435
55,255
--------
--------
--------
--------
Carrying amount
At 31st March 2025
1,218
28,766
619
30,603
--------
--------
--------
--------
At 31st March 2024
1,433
3,495
1,567
6,495
--------
--------
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1st April 2024
100,453
Additions
156
Disposals
( 268)
Revaluations
4,933
---------
At 31st March 2025
105,274
---------
Impairment
At 1st April 2024 and 31st March 2025
---------
Carrying amount
At 31st March 2025
105,274
---------
At 31st March 2024
100,453
---------
7. Debtors
2025
2024
£
£
Trade debtors
301,344
89,933
Other debtors
74,261
4,189
---------
--------
375,605
94,122
---------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
285,014
142,621
Corporation tax
2,673
4,476
Social security and other taxes
6,455
10,113
Other creditors
23,184
6,246
---------
---------
317,326
163,456
---------
---------
9. Deferred Tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
383
1,234
----
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
383
1,234
----
-------