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Registered number: 00493809

P. Hayward & Son Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

P. Hayward & Son Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
D Hayward
R J Bales-McNeill
SECRETARY
R J Bales-McNeill
REGISTERED OFFICE
Whinney Fell
Forest Head
Brampton
Cumbria
CA8 1LX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00493809
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

P. Hayward & Son Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

P. Hayward & Son Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets21,242,0911,106,559
CURRENT ASSETS
Debtors3445445
Cash at bank and in hand992,9931,144,274
993,4381,144,719
CREDITORS: Amounts falling due within one year498,827124,467
NET CURRENT ASSETS894,6111,020,252
TOTAL ASSETS LESS CURRENT LIABILITIES2,136,7022,126,811
CAPITAL AND RESERVES
Called up share capital620,00020,000
Profit and loss account2,116,7022,106,811
SHAREHOLDERS' FUNDS2,136,7022,126,811
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/09/2023 and signed on their behalf by
.............................
D Hayward
Director

P. Hayward & Son Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Motor Vehiclesreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at fair value. No depreciation is provided on such property.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants offering immediiate financial support in relation to Covid-19 are recognised in profit and loss in the year in which they are received.

P. Hayward & Son Limited

2. TANGIBLE FIXED ASSETS
InvestmentLand AndPlant andFixtures
PropertiesBuildingsMachineryand FittingsOffice EquipmentMotor VehiclesTotal
£££££££
Cost
At 01/04/2022829,600355,73451,99029,29723,7965,7501,296,167
Additions-145,763----145,763
At 31/03/2023829,600501,49751,99029,29723,7965,7501,441,930
Depreciation
At 01/04/2022-93,91044,30022,61923,7964,983189,608
For the year-7,1151,9221,002-19210,231
At 31/03/2023-101,02546,22223,62123,7965,175199,839
Net Book Amounts
At 31/03/2023829,600400,4725,7685,676-5751,242,091
At 31/03/2022829,600261,8247,6906,678-7671,106,559
Investment property was valued on an open market basis on 31 March 2023 by a director.
3. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors445445
445445
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax23,48648,412
VAT3,4993,132
Directors current account55,19067,085
Trade creditors184678
Accruals and deferred income16,4685,160
98,827124,467

P. Hayward & Son Limited

5. EMPLOYEES
20232022
No.No.
Average number of employees22
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
20000 Ordinary shares of £1 each2000020000
20,00020,000
7. RELATED PARTY TRANSACTIONS
At the balance sheet date a director was owed £55,190 by the company (2022 - £67,085). The loan is unsecured, interest free and repayable on demand.
Dividends of £76,000 were paid to the director and owners with a participating interest during the year (2022 - £76,000).
The directors were paid total salaries of £12,220 (2022 - £5,200) during the year.
8. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 00493809.
The company's registered office is Whinney Fell, Forest Head, Brampton, Cumbria, CA8 1LX.