REGISTERED NUMBER: 03973549 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hales Tool & Die Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Applebee

J P Applebee

SECRETARY:

J P Applebee

REGISTERED OFFICE:

Leanna House

Lock Hill

Heybridge Basin

Maldon

Essex

CM9 4RX

REGISTERED NUMBER:

03973549 (England and Wales)

ACCOUNTANTS:

Barber Accountancy Ltd

Yeomans

Bassett's Lane

Woodham Walter

Maldon

Essex

CM9 6RY

FIXED ASSETS

Tangible assets

4

55,476

78,765

CURRENT ASSETS

Stocks

42,167

37,741

Debtors

5

271,729

253,543

Cash at bank

6,226

28,596

320,122

319,880

CREDITORS

Amounts falling due within one year

6

(133,676

)

(135,209

)

NET CURRENT ASSETS

186,446

184,671

TOTAL ASSETS LESS CURRENT LIABILITIES

241,922

263,436

CREDITORS

Amounts falling due after more than one year

7

(70,014

)

(91,577

)

NET ASSETS

171,908

171,859

CAPITAL AND RESERVES

Called up share capital

185,000

185,000

Retained earnings

(13,092

)

(13,141

)

171,908

171,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 September 2025 and were signed on its behalf by:

J P Applebee - Director

1.	STATUTORY INFORMATION

Hales Tool & Die 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 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 and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

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 year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

148,043

Additions

3,620

Disposals

(43,937

)

At 31 December 2024

107,726

DEPRECIATION

At 1 January 2024

69,278

Charge for year

11,154

Eliminated on disposal

(28,182

)

At 31 December 2024

52,250

NET BOOK VALUE

At 31 December 2024

55,476

At 31 December 2023

78,765

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

120,169

81,318

Amounts owed by group undertakings

140,000

140,000

Other debtors

11,560

32,225

271,729

253,543

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

6,216

5,228

Hire purchase contracts and finance leases

15,231

34,724

Trade creditors

78,044

69,950

Taxation and social security

34,185

22,712

Other creditors

-

2,595

133,676

135,209

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

25,146

31,493

Hire purchase contracts and finance leases

44,868

60,084

70,014

91,577