REGISTERED NUMBER: 04850304 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hallgarth Accountants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Walker

Mrs K Seaton

Mrs E A Burrells

Mrs H R Raine

REGISTERED OFFICE:

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

REGISTERED NUMBER:

04850304 (England and Wales)

ACCOUNTANTS:

Hallgarth Accountants Ltd

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

296,239

286,916

296,239

286,916

CURRENT ASSETS

Debtors

6

203,588

206,054

Cash at bank and in hand

141,634

61,575

345,222

267,629

CREDITORS

Amounts falling due within one year

7

142,889

109,175

NET CURRENT ASSETS

202,333

158,454

TOTAL ASSETS LESS CURRENT LIABILITIES

498,572

445,370

PROVISIONS FOR LIABILITIES

8,828

6,436

NET ASSETS

489,744

438,934

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

489,734

438,924

SHAREHOLDERS' FUNDS

489,744

438,934

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 15 December 2025 and were signed on its behalf by:

D J Walker - Director

Mrs H R Raine - Director

1.	STATUTORY INFORMATION

Hallgarth Accountants 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 represents net invoiced sales of services,excluding value added tax,except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003 and 2011, is being amortised evenly over its estimated useful life of 3 to 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

247,983

AMORTISATION

At 1 April 2024

and 31 March 2025

247,983

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

253,947

12,239

44,232

107,152

417,570

Additions

-

-

5,786

13,729

19,515

At 31 March 2025

253,947

12,239

50,018

120,881

437,085

DEPRECIATION

At 1 April 2024

-

5,015

36,319

89,320

130,654

Charge for year

-

245

2,057

7,890

10,192

At 31 March 2025

-

5,260

38,376

97,210

140,846

NET BOOK VALUE

At 31 March 2025

253,947

6,979

11,642

23,671

296,239

At 31 March 2024

253,947

7,224

7,913

17,832

286,916

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

176,837

161,615

Amounts recoverable on contract

26,751

44,439

203,588

206,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

80,539

58,377

Social security and other taxes

9,131

8,163

VAT

53,128

42,544

Directors' current accounts

91

91

142,889

109,175

8.	ULTIMATE CONTROLLING PARTY

The company is owned 100 % by Hallgarth Holdings Ltd