Hall Macadam Ltd Filleted accounts for Companies House (small and micro)
Hall Macadam Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04310020
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FOR THE YEAR ENDED |
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
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Net assets |
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STATEMENT OF FINANCIAL POSITION (continued) |
2023 |
2022 |
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Note |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 November 2023
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
04310020
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Crossgates, Langworth Road, Scothern, Lincolnshire, LN2 2UP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Operating leases
Goodwill
Amortisation
Goodwill arising in connection with the acquisition of a business in 2014, is being amortised over its estimated useful economic life of four years from 1 April 2017.
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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The investment property is not being depreciated.
Investment property
Impairment of fixed assets
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2022:
8
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
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Amortisation |
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At 1 April 2022 and 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
– |
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At 31 March 2022 |
– |
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6.
Tangible assets
Freehold property |
Investment property |
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Apr 2022 |
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Additions |
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– |
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– |
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At 31 Mar 2023 |
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Depreciation |
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At 1 Apr 2022 |
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– |
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Charge for the year |
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– |
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At 31 Mar 2023 |
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– |
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Carrying amount |
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At 31 Mar 2023 |
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At 31 Mar 2022 |
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The directors consider that fair value is not materially different to the cost of investment property.
7.
Debtors
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
|
– |
Other creditors |
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9.
Controlling party
The company was under the control of the directors throughout the current and previous year.