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COMPANY REGISTRATION NUMBER: 03910620

HALIFAX COMPUTERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2025

HALIFAX COMPUTERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 90,357 |  | 120,475
Investments | 6 |  | 94,167 |  | 106,667
|  | ---------- |  | ----------
|  | 184,524 |  | 227,142

CURRENT ASSETS

Stocks | 18,601 |  | 12,988 |
Debtors | 7 | 1,121,627 |  | 1,083,066 |
Cash at bank and in hand | 496,560 |  | 229,951 |
| ------------- |  | ------------- |
| 1,636,788 |  | 1,326,005 |

CREDITORS: amounts falling due within one year | 8 | 291,764 |  | 251,217 |
| ------------- |  | ------------- |
NET CURRENT ASSETS |  | 1,345,024 |  | 1,074,788
|  | ------------- |  | -------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 1,529,548 |  | 1,301,930

CREDITORS: amounts falling due after more than one year | 9 |  | – |  | 6,771

PROVISIONS

Taxation including deferred tax | 10 |  | 22,590 |  | 30,119
|  | ------------- |  | -------------
NET ASSETS |  | 1,506,958 |  | 1,265,040
|  | ------------- |  | -------------

HALIFAX COMPUTERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

| 2025 | 2024
Note | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital |  | 252 |  | 252
Revaluation reserve |  | 12,228 |  | 12,228
Profit and loss account |  | 1,494,478 |  | 1,252,560
|  | ------------- |  | -------------
SHAREHOLDERS FUNDS |  | 1,506,958 |  | 1,265,040
|  | ------------- |  | -------------

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 October 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 30 June 2026 , and are signed on behalf of the board by:

L A Pidgeon
Director

Company registration number: 03910620

HALIFAX COMPUTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 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 Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
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.
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, 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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
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.
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:

| Motor vehicles | - | 25% reducing balance
| Equipment | - | 25% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently revalued at their fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).
5. TANGIBLE ASSETS

| Motor vehicles | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 November 2024 and 31 October 2025 | 170,565 | 99,530 | 270,095
| ---------- | --------- | ----------
Depreciation |  |  |
At 1 November 2024 | 79,047 | 70,573 | 149,620
Charge for the year | 22,879 | 7,239 | 30,118
| ---------- | --------- | ----------
At 31 October 2025 | 101,926 | 77,812 | 179,738
| ---------- | --------- | ----------
Carrying amount |  |  |
At 31 October 2025 | 68,639 | 21,718 | 90,357
| ---------- | --------- | ----------
At 31 October 2024 | 91,518 | 28,957 | 120,475
| ---------- | --------- | ----------

6. INVESTMENTS

| Other investments other than loans
| £
Cost |
At 1 November 2024 | 106,667
Disposals | ( 12,500)
| ----------
At 31 October 2025 | 94,167
| ----------
Impairment |
At 1 November 2024 and 31 October 2025 | –
| ----------

Carrying amount |
At 31 October 2025 | 94,167
| ----------
At 31 October 2024 | 106,667
| ----------

Investments, having a cost of £79,071, are valued by the directors at £94,167. If sold at this value there would be tax payable of £nil due to capital losses available for offset.
7. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 311,708 | 283,089
Prepayments and accrued income | 9,617 | 5,562
Other debtors | 800,302 | 794,415
| ------------- | -------------
| 1,121,627 | 1,083,066
| ------------- | -------------

"Other debtors" include £800,302 (2024: £794,415) due from a company, controlled by the directors of this company. This loan is interest free, unsecured and repayable on demand.
8. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 48,185 | 21,389
Accruals and deferred income | 24,980 | 25,025
Corporation tax | 163,920 | 150,634
Social security and other taxes | 46,981 | 45,552
Obligations under finance leases and hire purchase contracts | 6,771 | 8,125
Director loan accounts | 397 | 465
Other creditors | 530 | 27
| ---------- | ----------
| 291,764 | 251,217
| ---------- | ----------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

|  | 2025 | 2024
|  | £ | £
| Hire purchase creditors | 6,771 | 8,125
|  | ------- | -------

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

| 2025 | 2024
| £ | £
Obligations under finance leases and hire purchase contracts | – | 6,771
| ---- | -------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

|  | 2025 | 2024
|  | £ | £
| Hire purchase creditor | - | 6,771
|  | ---- | -------

10. PROVISIONS

| Deferred tax (note 11)
| £
At 1 November 2024 | 30,119
Charge against provision | ( 7,529)
| ---------
At 31 October 2025 | 22,590
| ---------

11. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions (note 10) | 22,590 | 30,119
| --------- | ---------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 22,590 | 30,119
| --------- | ---------

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.
13. POST BALANCE SHEET EVENT
On 2 April 2026 Halifax Computers Limited became a wholly owned subsidiary of HFXC Holdings Limited, the directors and shareholders being the same as Halifax Computers Limited.