A H Hale Limited - Accounts to registrar (filleted) - small 18.2
A H Hale Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2020 |
| for |
| A H Hale Limited |
| A H Hale Limited (Registered number: 01208270) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| A H Hale Limited |
| Company Information |
| for the Year Ended 30 June 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants (ICAEW) |
| Redland House |
| 157 Redland Road |
| Redland |
| Bristol |
| BS6 6YE |
| A H Hale Limited (Registered number: 01208270) |
| Balance Sheet |
| 30 June 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| A H Hale Limited (Registered number: 01208270) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2020 |
| 1. | STATUTORY INFORMATION |
| A H Hale Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered address can be found in the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the NHS Income, over the counter sales and net invoiced sales, excluding Value Added Tax. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at 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 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 |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Group accounts |
| The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided by s399 of the Companies Act 2006 not to prepare group accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| A H Hale Limited (Registered number: 01208270) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2019 |
| and 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 July 2019 |
| and 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| NHS and Other Trade Debtors |
| Other Debtors |
| Directors' loan accounts | 24,916 | 2,997 |
| Prepayments |
| Loan to Hale Properties Ltd | 260,329 | 260,329 |
| Loan to Widcombe Dispensing |
| Ltd | 1,373 | 1,440 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade Creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Payroll Control Account | 4,146 | 2,597 |
| Directors' loan accounts | 239 | 42 |
| Accruals |
| A H Hale Limited (Registered number: 01208270) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 1,384 | 1,630 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2019 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30 June 2020 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 2,304 | 2,304 |
| 10. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 July 2019 | 512,134 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 June 2020 | 598,834 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2020 and 30 June 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The overdrawn Directors Loan Account in the sum of £24,916 was fully repaid within 9 months of the Year End. |
| 12. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £15,600 were paid to the directors . |
| A H Hale Limited (Registered number: 01208270) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 12. | RELATED PARTY DISCLOSURES - continued |
| The company occupies the shop premises at 8 Argyle Street, Laura Place, Bath which are owned by the Pension 'SIPP' in the names of Mr B R and Mrs T B Doshi (Directors). |
| Rent in the sum of £30,000 (2019 - £30,000) was paid to the Pension 'SIPP'. |
| Administration charges receivable from A H Hale Limited's subsidiary, Widcombe Investments Limited amounted to £1,440 for the year, and the amount owed by the subsidiary to its parent company at 30th June 2020 amounted to £1,373 (2019: £1,440). This amount is included under debtors in these financial statements. |
| The balance outstanding on an interest free loan to Hale Properties Limited, a subsidiary of A H Hale Ltd, as at 30 June 2020 was £260,329 (2019: £260,329) and this amount is included within debtors in these financial statements. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The Ultimate Controlling Party are the Directors, Mr B R and Mrs T B Doshi and Mr R B Doshi, who 'jointly' own the entire shareholding of A H Hale Limited. |