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REGISTERED NUMBER: 01398032 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED

HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr B E Spanswick
Mr M Spanswick





SECRETARY: Mr B E Spanswick





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: Arbor Lea Boarfield
King Lane
Over Wallop
Stockbridge
Hampshire
SO20 8JQ





REGISTERED NUMBER: 01398032 (England and Wales)






HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,029 5,331

CURRENT ASSETS
Stocks 3,785 3,710
Debtors 6 15,393 52,180
Cash at bank and in hand 1,027 5,025
20,205 60,915
CREDITORS
Amounts falling due within one year 7 41,799 57,710
NET CURRENT (LIABILITIES)/ASSETS (21,594 ) 3,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,565

)

8,536

CREDITORS
Amounts falling due after more than one
year

8

(2,727

)

(4,488

)

PROVISIONS FOR LIABILITIES - (1,013 )
NET (LIABILITIES)/ASSETS (20,292 ) 3,035

CAPITAL AND RESERVES
Called up share capital 10 700 700
Capital redemption reserve 800 800
Retained earnings (21,792 ) 1,535
SHAREHOLDERS' FUNDS (20,292 ) 3,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

BALANCE SHEET - continued
30 APRIL 2023


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 6 September 2023 and were signed on its behalf by:





Mr B E Spanswick - Director


HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Hayward and Spanswick ( Electrical Contractors) 1996 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

A director and a third party have made loans to the company that are repayable on demand. Neither party will not demand repayment if it would be financially detrimental to the ongoing trade of the company.

Due to this ongoing support, the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded 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.


HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 5,699 275 13,431 19,405
DEPRECIATION
At 1 May 2022 5,393 261 8,420 14,074
Charge for year 46 3 1,253 1,302
At 30 April 2023 5,439 264 9,673 15,376
NET BOOK VALUE
At 30 April 2023 260 11 3,758 4,029
At 30 April 2022 306 14 5,011 5,331


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,251 47,220
Other debtors 5,142 4,960
15,393 52,180

Included in other debtors is £1,802 (2022: £2,545) in relation to prepayments and accrued income.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,750 3,998
Hire purchase contracts 1,762 1,509
Trade creditors 3,220 16,311
Taxation and social security 2,982 6,067
Other creditors 32,085 29,825
41,799 57,710

Included in other creditors is £5,737 (2022: £5,606) in relation to accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,727 4,488

HAYWARD AND SPANSWICK ( ELECTRICAL
CONTRACTORS) 1996 LIMITED (REGISTERED NUMBER: 01398032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 4,489 5,997

The hire purchase contracts are secured on the assets they were used to purchase.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
700 Ordinary £1 700 700

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr B E Spanswick
Balance outstanding at start of year - 3,639
Amounts advanced - 6,930
Amounts repaid - (10,569 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -