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REGISTERED NUMBER: 00862544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Haven Automation Limited

Haven Automation Limited (Registered number: 00862544)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haven Automation Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mrs K M Jones BA Hons
Mr D K Gray





SECRETARY: Mrs K M Jones BA Hons





REGISTERED OFFICE: Measurement House
Kingsway
Swansea West Industrial Estate
SWANSEA
SA5 4EX





REGISTERED NUMBER: 00862544 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Haven Automation Limited (Registered number: 00862544)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 4 33,292 32,604
Debtors 5 65,434 62,805
Cash at bank 218,770 222,789
317,496 318,198
CREDITORS
Amounts falling due within one year 6 192,591 221,655
NET CURRENT ASSETS 124,905 96,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,905

96,543

ACCRUALS AND DEFERRED INCOME 205,200 171,000
NET LIABILITIES (80,295 ) (74,457 )

CAPITAL AND RESERVES
Called up share capital 300,300 300,300
Retained earnings 7 (380,595 ) (374,757 )
SHAREHOLDERS' FUNDS (80,295 ) (74,457 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Haven Automation Limited (Registered number: 00862544)

Balance Sheet - continued
31 December 2021


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 29 June 2022 and were signed on its behalf by:





Mrs K M Jones BA Hons - Director


Haven Automation Limited (Registered number: 00862544)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Haven Automation 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.

The accounts have been prepared on a going concern basis. At 31 December 2021 the company had negative shareholder funds of £80,295 (2020 £74,457). The Director continues to offer her support and is satisfied that the going concern basis of accounting is appropriate. At the balance sheet date the company owed the director £84,240

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Haven Automation Limited (Registered number: 00862544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 5 ) .

4. STOCKS
2021 2020
£    £   
Finished goods and components for resale 33,292 32,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 44,539 15,506
Amounts recoverable on contracts 8,433 36,284
Prepayments 12,462 11,015
65,434 62,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 7,917 32,225
Amounts owed to parent undertaking 73,350 72,706
Tax 4,093 -
Social security and other taxes 13,075 9,671
Directors' current accounts 84,240 84,240
Deferred income 3,832 16,729
Other creditors and accruals 6,084 6,084
192,591 221,655

Haven Automation Limited (Registered number: 00862544)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. RESERVES
Retained
earnings
£   

At 1 January 2021 (374,757 )
Deficit for the year (5,838 )
At 31 December 2021 (380,595 )

8. RELATED PARTY DISCLOSURES

Mrs K Jones (Director)

At 1 January 2021 the company owed the director £84,240. This balance remained outstanding at the year end.

Haven Holdings Limited

The company incurred a management charge of £29,590 (2020 £28,722) from its parent undertaking Haven Holdings Limited. The balances due to Haven Holdings Limited at 31 December 2021 was £73,350 (2020 £72,706).

Details of a cross guarantee and debenture between Haven Automation Limited and its parent undertaking in respect of bank borrowing are disclosed in note 9 to the financial statements of Haven Holdings Ltd.

9. ULTIMATE CONTROLLING PARTY

Mrs K M Jones is the ultimate controlling party.