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Registered number: 07289863
Halsey & Co (accountants) Ltd
Financial Statements
For The Year Ended 31 December 2025
Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants and Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07289863
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 60,000 75,000
Tangible Assets 5 14,026 13,783
Investments 6 20,084 -
94,110 88,783
CURRENT ASSETS
Stocks 7 20,493 21,852
Debtors 8 97,880 89,620
Cash at bank and in hand 262,200 248,892
380,573 360,364
Creditors: Amounts Falling Due Within One Year 9 (194,788 ) (185,329 )
NET CURRENT ASSETS (LIABILITIES) 185,785 175,035
TOTAL ASSETS LESS CURRENT LIABILITIES 279,895 263,818
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,761 ) (1,820 )
NET ASSETS 278,134 261,998
CAPITAL AND RESERVES
Called up share capital 10 104 104
Profit and Loss Account 278,030 261,894
SHAREHOLDERS' FUNDS 278,134 261,998
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Halsey
Director
03/09/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Halsey & Co (accountants) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07289863 . The registered office is 2 Villiers Court, 40 Upper Mulgrave Road, Cheam, Surrey, SM2 7AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the periodof thelease.
2.6. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on the basis of the lower of cost and net realiseable value, as contracted activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 300,000
As at 31 December 2025 300,000
Amortisation
As at 1 January 2025 225,000
Provided during the period 15,000
As at 31 December 2025 240,000
Net Book Value
As at 31 December 2025 60,000
As at 1 January 2025 75,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 4,417 22,150 42,996 69,563
Additions 2,641 139 5,558 8,338
Disposals (750 ) - (32,687 ) (33,437 )
As at 31 December 2025 6,308 22,289 15,867 44,464
Depreciation
As at 1 January 2025 1,104 18,405 36,271 55,780
Provided during the period 661 971 1,535 3,167
Disposals (422 ) - (28,087 ) (28,509 )
As at 31 December 2025 1,343 19,376 9,719 30,438
Net Book Value
As at 31 December 2025 4,965 2,913 6,148 14,026
As at 1 January 2025 3,313 3,745 6,725 13,783
6. Investments
Listed
£
Cost or Valuation
As at 1 January 2025 -
Additions 20,084
As at 31 December 2025 20,084
...CONTINUED
Page 4
Page 5
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 20,084
As at 1 January 2025 -
7. Stocks
2025 2024
£ £
Work in progress 20,493 21,852
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 75,778 61,271
Other debtors 22,102 28,349
97,880 89,620
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 25,551 15,504
Other creditors 29,735 32,102
Taxation and social security 139,502 137,723
194,788 185,329
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 104
Page 5