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REGISTERED NUMBER: 09008691 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Haycroft (Cosgrove) Ltd

Haycroft (Cosgrove) Ltd (Registered number: 09008691)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haycroft (Cosgrove) Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mrs M Adams
P A Adams





REGISTERED OFFICE: Barley Mow
7 The Stocks
Cosgrove
MILTON KEYNES
MK19 7JD





REGISTERED NUMBER: 09008691 (England and Wales)





ACCOUNTANTS: LBS Accountants
Old Coach House
67A Upper St John Street
LICHFIELD
Staffordshire
WS14 9DU

Haycroft (Cosgrove) Ltd (Registered number: 09008691)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,550 46,142

CURRENT ASSETS
Stocks 12,633 10,132
Debtors 5 39,815 36,624
Cash at bank and in hand 122,459 135,452
174,907 182,208
CREDITORS
Amounts falling due within one year 6 63,397 58,261
NET CURRENT ASSETS 111,510 123,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,060

170,089

CREDITORS
Amounts falling due after more than one
year

7

(24,242

)

(33,333

)

PROVISIONS FOR LIABILITIES (5,425 ) (8,767 )
NET ASSETS 110,393 127,989

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 110,383 127,979
SHAREHOLDERS' FUNDS 110,393 127,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

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

Haycroft (Cosgrove) Ltd (Registered number: 09008691)

Balance Sheet - continued
31st March 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 31st October 2023 and were signed on its behalf by:





Mrs M Adams - Director


Haycroft (Cosgrove) Ltd (Registered number: 09008691)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Haycroft (Cosgrove) Ltd 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.

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

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 etc - 15% on 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.

Haycroft (Cosgrove) Ltd (Registered number: 09008691)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 170,504
Additions 7,145
At 31st March 2023 177,649
DEPRECIATION
At 1st April 2022 124,362
Charge for year 24,737
At 31st March 2023 149,099
NET BOOK VALUE
At 31st March 2023 28,550
At 31st March 2022 46,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 39,815 36,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 19,204 17,782
Taxation and social security 28,462 30,698
Other creditors 7,398 1,448
63,397 58,261

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 24,242 33,333

8. ULTIMATE CONTROLLING PARTY

During the year, the Company was under the control of the directors, who are joint shareholders.