Halls Transport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03883512

Halls Transport Limited

Unaudited financial statements

30 November 2025

Halls Transport Limited

Statement of financial position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		478,845		414,601

Current assets

Debtors	6	813,960	784,743
Cash at bank and in hand		37,070	149,785
		---------	---------
		851,030	934,528

Creditors: Amounts falling due within one year	7	( 41,912)		( 80,214)
		---------		---------
Net current assets			809,118		854,314
			-----------		-----------
Total assets less current liabilities			1,287,963		1,268,915

Provisions

Taxation including deferred tax	( 10,078)	( 10,614)
	-----------	-----------
Net assets	1,277,885	1,258,301
	-----------	-----------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	1,267,885	1,248,301
	-----------	-----------
Shareholders funds	1,277,885	1,258,301
	-----------	-----------

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 30 November 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 .

Halls Transport Limited

Statement of financial position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

K E Garrod

Director

Company registration number: 03883512

Halls Transport Limited

Notes to the financial statements

Year ended 30 November 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 First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is Halls Yard, Black Bank Road, Little Downham, Ely, Cambridgeshire, CB6 2TZ.

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. The financial statements are prepared in sterling, which is the functional currency of the entity and is rounded to the nearest pound.

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 services is recognised when the significant risks and rewards of ownership of the services 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. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Workshop	-	2% straight line
Plant & machinery	-	20% reducing balance
Office equipment	-	25% straight line
Motor vehicles	-	25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where the arrangement has no stated interest rate or repayment terms otherwise it is measured at amortised cost using the effective interest rate method. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 3 (2024: 3 ).

5. Tangible assets

	Workshop	Plant and machinery	Office equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 December 2024	470,887	120,974	16,856	139,499	748,216
Additions	79,008	–	–	1	79,009
	---------	---------	-------	---------	---------
At 30 November 2025	549,895	120,974	16,856	139,500	827,225
	---------	---------	-------	---------	---------
Depreciation
At 1 December 2024	71,896	109,473	15,070	137,176	333,615
Charge for the year	10,939	2,316	928	581	14,764
Disposals	–	–	–	1	1
	---------	---------	-------	---------	---------
At 30 November 2025	82,835	111,789	15,998	137,758	348,380
	---------	---------	-------	---------	---------
Carrying amount
At 30 November 2025	467,060	9,185	858	1,742	478,845
	---------	---------	-------	---------	---------
At 30 November 2024	398,991	11,501	1,786	2,323	414,601
	---------	---------	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	15,279	16,804
Other debtors	798,681	767,939
	---------	---------
	813,960	784,743
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	–	151,378
	----	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,512	9,152
Social security and other taxes	18,394	57,000
Other creditors	14,006	14,062
	-------	-------
	41,912	80,214
	-------	-------

8. Directors' advances, credits and guarantees

Included within debtors at the year end are directors' loan accounts totalling £571,742 (2024: £448,526). The maximum overdrawn balance during the year was £571,742 (2024: £448,526). Interest of £17,216 was charged at the official rate .

9. Related party transactions

At the reporting date, the Company had an outstanding loan balance of £56,666 (2024: £150,166) due from Halls Vehicle Services Limited. The loan is interest-free, unsecured, and repayable on demand.