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REGISTERED NUMBER: 04008432 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Hayes Builders Limited

Hayes Builders Limited (Registered number: 04008432)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hayes Builders Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr P S Hayes





SECRETARY: Ms S G Charters





REGISTERED OFFICE: 601 London Road
Westcliff-On-Sea
Essex
SS0 9PE





REGISTERED NUMBER: 04008432 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Hayes Builders Limited (Registered number: 04008432)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,639 2,542

CURRENT ASSETS
Debtors 5 324,380 259,792
Cash at bank 10,001 -
334,381 259,792
CREDITORS
Amounts falling due within one year 6 161,154 122,685
NET CURRENT ASSETS 173,227 137,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,866

139,649

PROVISIONS FOR LIABILITIES - 483
NET ASSETS 174,866 139,166

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 174,864 139,164
SHAREHOLDERS' FUNDS 174,866 139,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 1 December 2023 and were signed by:



Mr P S Hayes - Director


Hayes Builders Limited (Registered number: 04008432)

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

1. STATUTORY INFORMATION

Hayes Builders 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Hayes Builders Limited (Registered number: 04008432)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 15,148 14,995 857 31,000
DEPRECIATION
At 1 June 2022 13,652 14,520 286 28,458
Charge for year 499 119 285 903
At 31 May 2023 14,151 14,639 571 29,361
NET BOOK VALUE
At 31 May 2023 997 356 286 1,639
At 31 May 2022 1,496 475 571 2,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 56,646 1,629
Other debtors 985 -
Intercompany loan 266,444 256,444
VAT - 1,441
Prepayments and accrued income 305 278
324,380 259,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 6,963 23,202
Trade creditors 20,178 5,142
Tax 14,739 10,697
Social security and other taxes 3,152 316
VAT 16,314 -
Other creditors 851 1,383
Directors' current accounts 97,957 80,945
Accrued expenses 1,000 1,000
161,154 122,685