HALLETT LOGISTICS LTD - Filleted accounts

Registered number

09726608

HALLETT LOGISTICS LTD

Filleted Accounts

31 March 2026

HALLETT LOGISTICS LTD
Registered number:		09726608
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		92,812			108,360

Current assets
Debtors	4	125,208			62,280
Cash at bank and in hand		62,025			66,731
		187,233			129,011

Creditors: amounts falling due within one year	5	(158,807)			(104,206)

Net current assets			28,426			24,805

Total assets less current liabilities			121,238			133,165

Creditors: amounts falling due after more than one year	6		(74,818)			(83,944)



Net assets			46,420			49,221

Capital and reserves
Called up share capital			1			1
Profit and loss account			46,419			49,220

Shareholder's funds			46,420			49,221

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Barrie Hallett
Director
Approved by the board on 8 October 2026

HALLETT LOGISTICS LTD
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			7		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	7,058		429,089		436,147
	Additions	2,600		53,246		55,846
	Disposals	-		(57,712)		(57,712)
	At 31 March 2026	9,658		424,623		434,281

	Depreciation
	At 1 April 2025	5,816		321,971		327,787
	Charge for the year	1,762		69,632		71,394
	On disposals	-		(57,712)		(57,712)
	At 31 March 2026	7,578		333,891		341,469

	Net book value
	At 31 March 2026	2,080		90,732		92,812
	At 31 March 2025	1,242		107,118		108,360


4	Debtors			2026		2025
£					£

	Trade debtors			126,708		62,280
	Other debtors			(1,500)		-
				125,208		62,280


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			2,511		10,109
	Obligations under finance lease and hire purchase contracts			51,725		50,059
	Trade creditors			49,438		22,511
	Taxation and social security costs			43,492		20,966
	Other creditors			11,641		561
				158,807		104,206


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		1,945
	Obligations under finance lease and hire purchase contracts			74,818		81,999
				74,818		83,944


7	Controlling party

	The Company is wholly under the control of its sole Director and Shareholder.


8	Other information

	HALLETT LOGISTICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Dean House
	Dean House Rd Trading Estate
	Avonmouth
	Bristol
	BS11 8AT