Hirds (Halifax) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08084128

HIRDS (HALIFAX) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

HIRDS (HALIFAX) LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	1,553,190	1,731,200
Investments	6	591,907	370,163
		-------------	-------------
		2,145,097	2,101,363

CURRENT ASSETS

Debtors	7	2,841,728	2,669,597
Cash at bank and in hand		195,142	678,734
		-------------	-------------
		3,036,870	3,348,331

CREDITORS: amounts falling due within one year	8	293,925		1,201,110
		-------------		-------------
NET CURRENT ASSETS			2,742,945		2,147,221
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,888,042		4,248,584

CREDITORS: amounts falling due after more than one year	9		–		31,203

PROVISIONS	–	17,236
	-------------	-------------
NET ASSETS	4,888,042	4,200,145
	-------------	-------------

HIRDS (HALIFAX) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	10	1,250	1,250
Profit and loss account		4,886,792	4,198,895
		-------------	-------------
SHAREHOLDERS FUNDS		4,888,042	4,200,145
		-------------	-------------

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 31 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 .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

S Dumbleton

Director

Company registration number: 08084128

HIRDS (HALIFAX) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 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 2 King Street, Halifax, West Yorkshire, HX1 1SR.

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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from services is recognised in the accounting period in which the service is rendered.

Current and deferred tax

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.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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.

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:

Freehold property	-	2% straight line
Long leasehold property	-	Over the term of the lease
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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.

Research and development

Research and development expenditure is written off in the year it is incurred.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 78 (2024: 124 ).

5. TANGIBLE ASSETS

	Freehold property	Long leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,522,897	639,942	205,764	3,010	2,371,613
Transfers	–	–	( 114,672)	–	( 114,672)
	-------------	----------	----------	-------	-------------
At 31 March 2025	1,522,897	639,942	91,092	3,010	2,256,941
	-------------	----------	----------	-------	-------------
Depreciation
At 1 April 2024	196,865	347,101	95,996	451	640,413
Charge for the year	22,086	85,119	13,147	452	120,804
Transfers	–	–	( 57,466)	–	( 57,466)
	-------------	----------	----------	-------	-------------
At 31 March 2025	218,951	432,220	51,677	903	703,751
	-------------	----------	----------	-------	-------------
Carrying amount
At 31 March 2025	1,303,946	207,722	39,415	2,107	1,553,190
	-------------	----------	----------	-------	-------------
At 31 March 2024	1,326,032	292,841	109,768	2,559	1,731,200
	-------------	----------	----------	-------	-------------

6. INVESTMENTS

	Investment property
	£
Cost
At 1 April 2024	370,163
Additions	221,744
	----------
At 31 March 2025	591,907
	----------
Impairment
At 1 April 2024 and 31 March 2025	–
	----------

Carrying amount
At 31 March 2025	591,907
	----------
At 31 March 2024	370,163
	----------

The directors do not consider there to be any significant change in market value,

7. DEBTORS

	2025	2024
	£	£
Trade debtors	1,242	43,073
Other debtors	2,840,486	2,626,524
	-------------	-------------
	2,841,728	2,669,597
	-------------	-------------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	92,800
Trade creditors	4,405	320,280
Corporation tax	271,850	339,106
Social security and other taxes	–	231,045
Other creditors	17,670	217,879
	----------	-------------
	293,925	1,201,110
	----------	-------------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	31,203
	----	---------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,250	1,250	1,250	1,250
	-------	-------	-------	-------

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to the directors at 31 March 2025 was £2,500 (2024 - £nil). Any loans are unsecured, interest free and payable on demand.