Company Registration No. 01361433 (England and Wales)
R.H. Hall (Microwave) Limited
Unaudited financial statements
for the year ended 31 March 2026
Pages for filing with the registrar
R.H. Hall (Microwave) Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 11
R.H. Hall (Microwave) Limited
Statement of financial position
As at 31 March 2026
31 March 2026
1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,086,137
3,083,562
Current assets
Stocks
1,005,945
1,343,641
Debtors
5
1,382,276
1,174,579
Cash at bank and in hand
35,127
100,178
2,423,348
2,618,398
Creditors: amounts falling due within one year
6
(2,237,704)
(2,190,203)
Net current assets
185,644
428,195
Total assets less current liabilities
3,271,781
3,511,757
Creditors: amounts falling due after more than one year
7
(910,167)
(1,147,617)
Provisions for liabilities
(151,314)
(151,314)
Net assets
2,210,300
2,212,826
Capital and reserves
Called up share capital
10,000
10,000
Revaluation reserve
608,257
608,257
Profit and loss reserves
1,592,043
1,594,569
Total equity
2,210,300
2,212,826

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

R.H. Hall (Microwave) Limited
Statement of financial position (continued)
As at 31 March 2026
31 March 2026
2
The financial statements were approved by the board of directors and authorised for issue on 9 August 2026 and are signed on its behalf by:
Raymond Hall
Director
Company Registration No. 01361433
R.H. Hall (Microwave) Limited
Statement of changes in equity
For the year ended 31 March 2026
3
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2024
10,000
608,257
1,615,282
2,233,539
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
119,287
119,287
Dividends
-
-
(140,000)
(140,000)
Balance at 31 March 2025
10,000
608,257
1,594,569
2,212,826
Year ended 31 March 2026:
Profit and total comprehensive income
-
-
117,474
117,474
Dividends
-
-
(120,000)
(120,000)
Balance at 31 March 2026
10,000
608,257
1,592,043
2,210,300
R.H. Hall (Microwave) Limited
Notes to the financial statements
For the year ended 31 March 2026
4
1
Accounting policies
Company information

R.H. Hall (Microwave) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hallco House Beacon Court, Pitstone Green Business Park, Pitstone, Bedfordshire, United Kingdom, LU7 9GY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents net invoiced sales of goods and services, excluding value added tax and adjusted for

accrued revenue calculated by reference to the fair value of services performed up to the balance sheet date

but not invoiced.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation charged - See below
Plant and equipment
At varying rates on cost
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Freehold property is included in the balance sheet at a revalued amount which is not depreciated. This policy

represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Financial Statements may give a true and fair view because current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
5

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
6
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies (continued)
7
1.10
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Warranty/WEEE compliance provisions

The company gives warranties at the time of sale to purchasers of its products. Under the terms of the warranty given the company undertakes to make good by repair or replacement product defects arising during the period covered by the warranty. A provision is recognised in the financial statements for the best estimate of future costs of repairing/replacing under the warranty, products sold up to the balance sheet date.

A provision is also recognised in the financial statements for the best estimate of the future costs of the company's compliance with the WEEE Regulations in connection with products sold up to the balance sheet date.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
8
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the opinion of the Directors, there are no specific key judgements or areas of estimation to disclose.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
27
27
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
3,048,000
737,295
3,785,295
Additions
-
0
6,898
6,898
At 31 March 2026
3,048,000
744,193
3,792,193
Depreciation and impairment
At 1 April 2025
-
0
701,733
701,733
Depreciation charged in the year
-
0
4,323
4,323
At 31 March 2026
-
0
706,056
706,056
Carrying amount
At 31 March 2026
3,048,000
38,137
3,086,137
At 31 March 2025
3,048,000
35,562
3,083,562
R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
4
Tangible fixed assets (continued)
9

If freehold property were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

- Cost: £2,441,541 (202 5: £2,441,541)

- Accumulated depreciation: £Nil (202 5: £Nil)

- Carrying value: £2,441,541 (202 5: £2,441,541)

Freehold property was valued on an open market basis on 27 April 2023 by Aitchison Raffety Property Consultants. The directors consider this valuation to remain reasonable.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,176,542
951,170
Other debtors
205,734
223,409
1,382,276
1,174,579
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
1,764,574
1,472,821
Trade creditors
207,479
435,095
Corporation tax
35,406
-
0
Other taxation and social security
170,634
82,493
Other creditors
59,611
199,794
2,237,704
2,190,203
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
910,167
1,147,617
R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
10
8
Loans and overdrafts
2026
2025
£
£
Bank loans
1,145,708
1,300,000
Bank overdrafts
1,529,033
1,320,438
2,674,741
2,620,438
Payable within one year
1,764,574
1,472,821
Payable after one year
910,167
1,147,617

Included above are amounts relating to a bank loan totalling £1,300,000 taken out during year ended 31 March 2025. This facility is secured against the assets of the business by way of a debenture and the facility incurs interest rates of 2.5% above the base rate. This loan will is repayable in instalments with the final payment during the year end 31 March 2032.

Included above are amounts relating to an invoice discounting facility totalling £969,464 (202 5: £890,118), This facility is secured against the assets of the business by way of a debenture and the facility incurs interest rates of 2.5% above the base rate.

Included above are amounts relating to overdrafts totalling £559,569 (202 5: £430,320). This facility is secured against the assets of the business by way of a debenture and the facility incurs interest rates of 2.25% above the base rate.

9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
57,173
71,333
10
Related party transactions
2026
2025
Amounts due to related parties
£
£
Directors
-
18,367
2026
2025
Amounts due from related parties
£
£
Directors
15,176
-
R.H. Hall (Microwave) Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
11
11
Ultimate controlling party

The ultimate controlling party for the current and preceding year was Raymond Hall.

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