REGISTERED NUMBER: 05292642 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

HALLCLIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E L Hall

Mr J Hall

Mrs J L Ashcroft

Mrs J L Green

Mrs J M White

SECRETARY:

Mrs E L Hall

REGISTERED OFFICE:

Lakemba

Preston Nook

Eccleston

Chorley

Lancashire

PR7 5TL

REGISTERED NUMBER:

05292642 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Intangible assets

4

42,732

24,327

Tangible assets

5

1,152,949

1,178,425

1,195,681

1,202,752

CURRENT ASSETS

Stocks

6

464,136

461,032

Debtors

7

1,268,016

775,670

Cash at bank and in hand

1,006,648

579,725

2,738,800

1,816,427

CREDITORS

Amounts falling due within one year

8

761,662

546,626

NET CURRENT ASSETS

1,977,138

1,269,801

TOTAL ASSETS LESS CURRENT LIABILITIES

3,172,819

2,472,553

CREDITORS

Amounts falling due after more than one year

9

(26,004

)

(35,460

)

PROVISIONS FOR LIABILITIES

(44,891

)

(50,963

)

NET ASSETS

3,101,924

2,386,130

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,101,824

2,386,030

SHAREHOLDERS' FUNDS

3,101,924

2,386,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 10th September 2025 and were signed on its behalf by:

Mrs J M White - Director

Mrs J L Ashcroft - Director

Mrs J L Green - Director

1.	STATUTORY INFORMATION

Hallclip Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Revenue recognition

Revenue represents the value of goods, excluding value added tax, provided to customers during the year.

Revenue is recognised when the following conditions are satisfied:

- the benefits of the services passes to the customers,

- it is probable that the economic benefits associated with the transaction will flow to the entity; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents are amortised at 20% per annum on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

In a departure from FRS 102 Section 1A for small entities, no depreciation is provided in respect of freehold properties or capital improvements to properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

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

Financial instruments

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

Financial instruments are recognised in the company's balance sheet 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.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Computer

licences

software

Totals

£

£

£

COST

At 1st April 2024

23,902

7,995

31,897

Additions

27,484

-

27,484

At 31st March 2025

51,386

7,995

59,381

AMORTISATION

At 1st April 2024

6,071

1,499

7,570

Amortisation for year

7,080

1,999

9,079

At 31st March 2025

13,151

3,498

16,649

NET BOOK VALUE

At 31st March 2025

38,235

4,497

42,732

At 31st March 2024

17,831

6,496

24,327

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st April 2024

935,796

73,027

147,715

Additions

-

-

8,643

At 31st March 2025

935,796

73,027

156,358

DEPRECIATION

At 1st April 2024

-

-

50,816

Charge for year

-

-

26,013

At 31st March 2025

-

-

76,829

NET BOOK VALUE

At 31st March 2025

935,796

73,027

79,529

At 31st March 2024

935,796

73,027

96,899

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

84,208

35,406

1,276,152

Additions

-

11,096

19,739

At 31st March 2025

84,208

46,502

1,295,891

DEPRECIATION

At 1st April 2024

27,406

19,505

97,727

Charge for year

14,201

5,001

45,215

At 31st March 2025

41,607

24,506

142,942

NET BOOK VALUE

At 31st March 2025

42,601

21,996

1,152,949

At 31st March 2024

56,802

15,901

1,178,425

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

and 31st March 2025

57,280

DEPRECIATION

At 1st April 2024

4,773

Charge for year

13,127

At 31st March 2025

17,900

NET BOOK VALUE

At 31st March 2025

39,380

At 31st March 2024

52,507

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

464,136

461,032

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

840,146

530,070

Other debtors

272,832

153,509

Social security and other tax

-

27,324

Directors' current accounts

-

4,000

Prepayments

155,038

60,767

1,268,016

775,670

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 10)

9,456

9,456

Trade creditors

420,545

277,017

Tax

140,064

196,207

Social security and other taxes

96,231

10,961

Directors' current accounts

877

470

Accrued expenses

94,489

52,515

761,662

546,626

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 10)

26,004

35,460

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

9,456

9,456

Between one and five years

26,004

35,460

35,460

44,916

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

13,144

8,982

Between one and five years

3,468

8,982

16,612

17,964

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

35,460

44,916

The hire purchase creditor is secured against the asset to which it relates.

12.	RELATED PARTY DISCLOSURES

As at 31 March 2025 the company owed £877 to directors Mr J and Mrs L Hall (2024: £470). No interest has been charged to the company in respect of this loan and it is repayable on demand.