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REGISTERED NUMBER: 07859180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HAYLING INDUSTRIAL (SOUTHERN) LIMITED

HAYLING INDUSTRIAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 07859180)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYLING INDUSTRIAL (SOUTHERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr L Galea





REGISTERED OFFICE: Units 8 & 9
Hayling Billy Business Centre
Furniss Way
Hayling Island
Hampshire
PO11 0ED





REGISTERED NUMBER: 07859180 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

HAYLING INDUSTRIAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 07859180)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,000 68,000
Tangible assets 5 130 163
34,130 68,163

CURRENT ASSETS
Stocks 98,984 69,694
Debtors 6 230,559 82,881
Cash at bank and in hand 5,026 14,538
334,569 167,113
CREDITORS
Amounts falling due within one year 7 246,713 138,099
NET CURRENT ASSETS 87,856 29,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,986

97,177

CREDITORS
Amounts falling due after more than one
year

8

-

19,716
NET ASSETS 121,986 77,461

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,886 77,361
SHAREHOLDERS' FUNDS 121,986 77,461

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

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

HAYLING INDUSTRIAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 07859180)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2024 and were signed by:





Mr L Galea - Director


HAYLING INDUSTRIAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 07859180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hayling Industrial (Southern) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represented by goods sold in the period net of VAT and discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HAYLING INDUSTRIAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 07859180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 340,000
AMORTISATION
At 1 January 2023 272,000
Charge for year 34,000
At 31 December 2023 306,000
NET BOOK VALUE
At 31 December 2023 34,000
At 31 December 2022 68,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 1,892
DEPRECIATION
At 1 January 2023 1,729
Charge for year 33
At 31 December 2023 1,762
NET BOOK VALUE
At 31 December 2023 130
At 31 December 2022 163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 227,448 80,125
Other debtors 3,111 2,756
230,559 82,881

HAYLING INDUSTRIAL (SOUTHERN) LIMITED (REGISTERED NUMBER: 07859180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 189,271 112,523
Taxation and social security 41,581 15,855
Other creditors 15,861 9,721
246,713 138,099

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 19,716

9. LEASING AGREEMENTS

The company is committed to payments totalling £130,688 (2022 £155,192) under non-cancellable operating leases.