REGISTERED NUMBER: 05314947 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Hallgate (Lincs) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N B Platts

C D Tarrant

Mrs G C Tarrant

SECRETARY:

N B Platts

REGISTERED OFFICE:

Unit 1 Nigel Court

Holly Road

Skegness

Lincolnshire

PE25 3TE

REGISTERED NUMBER:

05314947 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

230,666

300,470

Investment property

6

402,657

402,657

633,323

703,127

CURRENT ASSETS

Stocks

271,988

292,847

Debtors

7

416,676

482,781

Cash at bank and in hand

581,267

462,321

1,269,931

1,237,949

CREDITORS

Amounts falling due within one year

8

604,291

559,563

NET CURRENT ASSETS

665,640

678,386

TOTAL ASSETS LESS CURRENT LIABILITIES

1,298,963

1,381,513

CREDITORS

Amounts falling due after more than one year

9

(43,368

)

(79,850

)

PROVISIONS FOR LIABILITIES

(35,127

)

(56,461

)

NET ASSETS

1,220,468

1,245,202

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

1,220,364

1,245,098

1,220,468

1,245,202

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 April 2026 and were signed on its behalf by:

C D Tarrant - Director

1.	STATUTORY INFORMATION

Hallgate (Lincs) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill has been fully amortised evenly over its estimated useful life of 10 years since the acquisition of a business in 2006.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 25 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

80,000

AMORTISATION

At 1 January 2025

and 31 December 2025

80,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

703,039

Additions

85,664

Disposals

(245,844

)

At 31 December 2025

542,859

DEPRECIATION

At 1 January 2025

402,569

Charge for year

72,033

Eliminated on disposal

(162,409

)

At 31 December 2025

312,193

NET BOOK VALUE

At 31 December 2025

230,666

At 31 December 2024

300,470

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

279,069

Disposals

(106,114

)

Transfer to ownership

(79,345

)

At 31 December 2025

93,610

DEPRECIATION

At 1 January 2025

113,072

Charge for year

35,949

Eliminated on disposal

(55,284

)

Transfer to ownership

(56,223

)

At 31 December 2025

37,514

NET BOOK VALUE

At 31 December 2025

56,096

At 31 December 2024

165,997

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

402,657

NET BOOK VALUE

At 31 December 2025

402,657

At 31 December 2024

402,657

The directors confirm this represents fair value of investment property at the balance sheet date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

395,588

400,922

Other debtors

21,088

81,859

416,676

482,781

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

15,834

20,833

Hire purchase contracts

12,231

27,486

Trade creditors

380,559

260,857

Taxation and social security

180,978

186,876

Other creditors

14,689

63,511

604,291

559,563

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

37,811

52,479

Hire purchase contracts

5,557

27,371

43,368

79,850

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,146

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

17,788

54,857

Hire Purchase agreements are secured on the assets to which they relate.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors had a balance of £13,219 owing to the company.