2022-06-01 07653063 2023-05-31 07653063 2022-06-01 2023-05-31 07653063 2022-05-31 07653063 2021-06-01 2022-05-31 07653063 uk-core:WithinOneYear 2022-05-31 07653063 uk-core:WithinOneYear 2023-05-31 07653063 uk-core:AfterOneYear 2022-05-31 07653063 uk-core:AfterOneYear 2023-05-31 07653063 uk-core:ShareCapital 2023-05-31 07653063 uk-core:ShareCapital 2022-05-31 07653063 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 07653063 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 07653063 uk-bus:Director1 2022-06-01 2023-05-31 07653063 uk-core:ToolsEquipment 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure 07653063 uk-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07653063 uk-bus:FRS102 2022-06-01 2023-05-31 07653063 uk-bus:FullAccounts 2022-06-01 2023-05-31 07653063 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
Haywood Homes (Wales) Holdings Limited
Registered Number:07653063
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
07653063
As at 31 May 2023
Haywood Homes (Wales) Holdings Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,476
1,475
1,476
1,475
Current assets
Inventories
11,734
14,629
2
Trade and other receivables
576,035
983,414
3
3,096
Cash and cash equivalents
2,772
1,000,815
590,865
Trade and other payables: amounts falling due within one
year
(10,730)
(10,543)
4
580,135
990,272
Net current assets
Total assets less current liabilities
991,748
581,610
Trade and other payables: amounts falling due after more
than one year
(361,513)
(660,080)
5
331,668
Net assets
220,097
Capital and reserves
Called up share capital
100
100
Retained earnings
331,568
219,997
331,668
220,097
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Anthony Grahame Scutt Director
These financial statements were approved and authorised for issue by the Board on 27 October 2023 and were signed by:
The notes form part of these financial statements
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For the year ended 31 May 2023
Haywood Homes (Wales) Holdings Limited
Notes to the Financial Statements
Statutory Information
Haywood Homes (Wales) Holdings Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07653063.
Registered address:
72, Dunstall Road
Halesowen
West Midlands
B63 1BE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33 Straight line
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value as follows: Goods for resale Purchase cost on a first-in, first-out basis:Raw materials Purchase cost on a first-in, first-out basisConsumables Purchase cost on a first-in, first-out basisWork in progress Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expensesFinished goods Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expenses Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
2. Inventories
2022
2023
£
£
Stocks
14,629
11,734
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4
For the year ended 31 May 2023
Haywood Homes (Wales) Holdings Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Amounts owed by group undertakings and participating interests
90,430
(190,836)
Other debtors
892,984
766,871
576,035
983,414
The debtors above include the following amounts falling due after more than one year:
Other debtors
95,167
-
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
(1)
-
Taxation and social security
7,294
7,955
Other creditors
3,250
2,775
10,543
10,730
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
39,553
39,553
Other creditors
620,527
321,960
660,080
361,513
6. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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