Haytor Trading Ltd 07945191 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is internet trading Digita Accounts Production Advanced 6.30.9574.0 true true 07945191 2022-06-01 2023-05-31 07945191 2023-05-31 07945191 bus:Original 2023-05-31 07945191 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07945191 core:FurnitureFittings 2023-05-31 07945191 1 2023-05-31 07945191 bus:SmallEntities 2022-06-01 2023-05-31 07945191 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 07945191 bus:FullAccounts 2022-06-01 2023-05-31 07945191 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 07945191 bus:RegisteredOffice 2022-06-01 2023-05-31 07945191 bus:Director1 2022-06-01 2023-05-31 07945191 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07945191 core:FurnitureFittings 2022-06-01 2023-05-31 07945191 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 07945191 countries:England 2022-06-01 2023-05-31 07945191 1 2022-06-01 2023-05-31 07945191 2022-05-31 07945191 core:FurnitureFittings 2022-05-31 07945191 1 2022-05-31 07945191 2021-06-01 2022-05-31 07945191 2022-05-31 07945191 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 07945191 core:FurnitureFittings 2022-05-31 07945191 1 2022-05-31 07945191 1 2021-06-01 2022-05-31 07945191 1 2021-05-31 iso4217:GBP xbrli:pure

Registration number: 07945191

Haytor Trading Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Haytor Trading Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Haytor Trading Ltd

(Registration number: 07945191)
Statement of Financial Position as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

676

901

Creditors: Amounts falling due within one year

5

(35,176)

(35,163)

Net liabilities

 

(34,500)

(34,262)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(34,600)

(34,362)

Shareholders' deficit

 

(34,500)

(34,262)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 14 February 2024
 


Mr Danny Greenberry
Director

 

Haytor Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Petitor House
Nicholson Road
Torquay
Devon
TQ2 7TD

Principal activity

The principal activity of the company is internet trading

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Haytor Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fittings fixtures and equipment

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Haytor Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 June 2022

2,331

2,331

At 31 May 2023

2,331

2,331

Depreciation

At 1 June 2022

1,430

1,430

Charge for the year

225

225

At 31 May 2023

1,655

1,655

Carrying amount

At 31 May 2023

676

676

At 31 May 2022

901

901

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

35,176

35,163

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Haytor Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023 (continued)

7

Related party transactions

Transactions with the director

2023

At 1 June 2022
£

Repayments by director
£

At 31 May 2023
£

Director

(35,163)

(13)

(35,176)

       
     

 

2022

At 1 June 2021
£

Advances to director
£

Repayments by director
£

At 31 May 2022
£

Director

(35,150)

-

(13)

(35,163)