A H Hale Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01208270

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

A H Hale Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B R Doshi

Mrs T B Doshi

Mr R B Doshi

SECRETARY:

Mrs T B Doshi

REGISTERED OFFICE:

8 Argyle Street

Laura Place

Bath

Somerset

BA2 4BQ

REGISTERED NUMBER:

01208270

ACCOUNTANTS:

Wormald & Partners

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

FIXED ASSETS

Tangible assets

4

13,439

15,329

Investments

5

175

175

13,614

15,504

CURRENT ASSETS

Stocks

50,215

53,578

Debtors

6

298,125

330,907

Cash at bank and in hand

162,491

89,255

510,831

473,740

CREDITORS

Amounts falling due within one year

7

107,004

118,217

NET CURRENT ASSETS

403,827

355,523

TOTAL ASSETS LESS CURRENT LIABILITIES

417,441

371,027

PROVISIONS FOR LIABILITIES

8

3,474

3,474

NET ASSETS

413,967

367,553

CAPITAL AND RESERVES

Called up share capital

9

2,304

2,304

Share premium

10

20,736

20,736

Retained earnings

10

390,927

344,513

SHAREHOLDERS' FUNDS

413,967

367,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 March 2018 and were signed on its behalf by:

Mr B R Doshi - Director

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the NHS Income, over the counter sales and net invoiced sales, excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on straight line

Fixtures and fittings

-

15% on reducing balance basis

Computer equipment

-

33.33% on reducing balance basis

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 7 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2016

2,709

51,747

1,198

55,654

Additions

-

370

-

370

At 30 June 2017

2,709

52,117

1,198

56,024

DEPRECIATION

At 1 July 2016

1,179

38,185

961

40,325

Charge for year

180

2,035

45

2,260

At 30 June 2017

1,359

40,220

1,006

42,585

NET BOOK VALUE

At 30 June 2017

1,350

11,897

192

13,439

At 30 June 2016

1,530

13,562

237

15,329

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2016

and 30 June 2017

175

NET BOOK VALUE

At 30 June 2017

175

At 30 June 2016

175

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

NHS and Other Trade Debtors

24,006

44,580

Corporation Tax Repayment Due

-

5,696

Other Debtors

7,483

6,530

Prepayments

1,471

11,540

Loan to Hale Properties Ltd

259,538

258,134

Loan to A H Hale Investments

Ltd

5,627

4,427

298,125

330,907

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade Creditors

61,274

58,865

Tax

16,443

-

Social security and other taxes

671

646

Directors' loan accounts

18,468

48,565

Accruals

10,148

10,141

107,004

118,217

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

3,474

3,474

Deferred

tax

£

Balance at 1 July 2016

3,474

Balance at 30 June 2017

3,474

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2,304

Ordinary

£1

2,304

2,304

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 July 2016

344,513

20,736

365,249

Profit for the year

64,954

64,954

Dividends

(18,540

)

(18,540

)

At 30 June 2017

390,927

20,736

411,663

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2017 and

30 June 2016:

2017

2016

£

£

Mr B R Doshi and Mrs T B Doshi

Balance outstanding at start of year

(46,158

)

(3,901

)

Amounts advanced

42,000

(42,257

)

Amounts repaid

(14,310

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(18,468

)

(46,158

)

Mr R B Doshi

Balance outstanding at start of year

(2,407

)

(2,260

)

Amounts advanced

2,407

(147

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(2,407

)

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,540 (2016 - £6,540) were paid to the directors .

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 £28,000 (2016 - £28,000) was paid to the Pension 'SIPP'.

Administration charge receivable from its subsidiary, A H Hale Investments Limited amounted to £1,440 for the

year, and the amount owed by the subsidiary to its parent company at 30th June 2017 amounted to £5,627

(2016- £4,427) as shown in Note (7) Debtors: Amounts Falling Due Within One Year on page 6 of the Financial

Statements.

During the year the Company advanced an interest free loan of £1,405.00 to its subsidiary, Hale Properties

Limited, and the amount outstanding at 30 June 2017 was £259,538 (2016 : £258,134) and is included in Note (7)

Debtors : Amount Falling Due Within One Year on page 6 of the Financial Statements

.

The Company also sold goods at cost amounting to £6,240 to A H Hale Investments Ltd and the balance

outstanding at 30 June 2017 was £NIL (2016 : £NIL).

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.