REGISTERED NUMBER: 12056716 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2026

for

Halo Plastics Ltd

Page

Report of the Directors

1

Balance Sheet

2

Notes to the Financial Statements

4

The directors present their report with the financial statements of the company for the year ended 30 June 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply of PVC Raw material to industry.

REVIEW OF BUSINESS

The directors are pleased with the company's good trading performance during the year.

This was achieved despite continuing conflict in the Middle East, volatility in oil and raw-material prices, inflationary pressures and changes in global economic conditions.

The company also made a strong recovery from the significant bad-debt impact experienced in the previous year. Careful credit control, disciplined cost management, effective purchasing and continued focus on operational efficiency helped strengthen the business during the year. The company enters the new financial year with a healthy order book and a strong pipeline of orders.

The company maintained its commitment to product quality, customer service and reliable supply.

DIRECTORS

Mr S A Burgess has held office during the whole of the period from 1 July 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mrs L Burgess - appointed 16 July 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr S A Burgess - Director

21 August 2026

FIXED ASSETS

Tangible assets

4

92,365

105,365

CURRENT ASSETS

Stocks

52,260

40,000

Debtors

5

185,336

405,768

Cash at bank and in hand

85,822

16,363

323,418

462,131

CREDITORS

Amounts falling due within one year

6

(325,755

)

(472,896

)

NET CURRENT LIABILITIES

(2,337

)

(10,765

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,028

94,600

CREDITORS

Amounts falling due after more than one year

7

(42,819

)

(58,223

)

NET ASSETS

47,209

36,377

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,109

36,277

47,209

36,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 21 August 2026 and were signed on its behalf by:

Mr S A Burgess - Director

1.	STATUTORY INFORMATION

Halo Plastics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12056716

Registered office:

Pen-Y-Belan House

Hindford

Whittington

Oswestry

Shropshire

SY11 4NL

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current 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 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.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2025

44,126

2,459

142,380

13,161

202,126

Additions

-

-

60,000

6,039

66,039

Disposals

-

-

(142,380

)

-

(142,380

)

At 30 June 2026

44,126

2,459

60,000

19,200

125,785

DEPRECIATION

At 1 July 2025

13,238

917

72,332

10,274

96,761

Charge for year

6,619

309

2,570

2,063

11,561

Eliminated on disposal

-

-

(74,902

)

-

(74,902

)

At 30 June 2026

19,857

1,226

-

12,337

33,420

NET BOOK VALUE

At 30 June 2026

24,269

1,233

60,000

6,863

92,365

At 30 June 2025

30,888

1,542

70,048

2,887

105,365

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Trade debtors

110,449

257,856

Amounts owed by associates

13,399

13,399

Other debtors

61,488

134,513

185,336

405,768

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.26

30.6.25

£

£

Bank loans and overdrafts

-

4,583

Hire purchase contracts (see note 8)

7,683

38,045

Trade creditors

219,643

410,254

Taxation and social security

89,614

13,823

Other creditors

8,815

6,191

325,755

472,896

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.26

30.6.25

£

£

Hire purchase contracts (see note 8)

42,819

58,223

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.26

30.6.25

£

£

Net obligations repayable:

Within one year

7,683

38,045

Between one and five years

42,819

58,223

50,502

96,268

Non-cancellable

operating leases

30.6.26

30.6.25

£

£

Within one year

9,136

-

Between one and five years

15,226

-

24,362

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.26

30.6.25

£

£

Bank loans

-

4,583

Security for the loan has been provided by the UK government.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2026 and 30 June 2025:

30.6.26

30.6.25

£

£

Mr S A Burgess

Balance outstanding at start of year

111,008

72,933

Amounts advanced

61,389

38,075

Amounts repaid

(111,008

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

61,389

111,008

Interest is charged on loan account balances in excess of £10,000 at 2.25% per annum until April 2025 and at 3.75% per annum thereafter.

Loan balances were repaid within 9 months of the year end.