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REGISTERED NUMBER: 11631629 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 OCTOBER 2023

FOR

HAYRA INTERNATIONAL LIMITED

HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYRA INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 OCTOBER 2023







DIRECTOR: Mr Rakesh Gaurav





REGISTERED OFFICE: 21 Champions Way
Bedford
MK42 9AF





REGISTERED NUMBER: 11631629 (England and Wales)





ACCOUNTANTS: Agnon
Chartered Certified Accountants and
Registered Auditors
Kelvin House
Kelvin Way
Crawley
West Sussex
RH10 9WE

HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

BALANCE SHEET
29 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 203,240 215,814
Tangible assets 5 122,952 134,954
326,192 350,768

CURRENT ASSETS
Stocks 2,650 3,150
Debtors 6 8,917 17,185
Cash at bank and in hand 32,631 50,515
44,198 70,850
CREDITORS
Amounts falling due within one year 7 (139,718 ) (70,553 )
NET CURRENT (LIABILITIES)/ASSETS (95,520 ) 297
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,672

351,065

CREDITORS
Amounts falling due after more than one
year

8

(301,890

)

(432,406

)
NET LIABILITIES (71,218 ) (81,341 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (71,219 ) (81,342 )
SHAREHOLDERS' FUNDS (71,218 ) (81,341 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 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.

HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

BALANCE SHEET - continued
29 OCTOBER 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 director and authorised for issue on 26 July 2024 and were signed by:





Mr Rakesh Gaurav - Director


HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 OCTOBER 2023


1. STATUTORY INFORMATION

Hayra International 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of fifteen years.

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.

Franchise fee are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 10% 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.


HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 30 October 2022
and 29 October 2023 265,000 9,534 274,534
AMORTISATION
At 30 October 2022 53,000 5,720 58,720
Charge for year 10,667 1,907 12,574
At 29 October 2023 63,667 7,627 71,294
NET BOOK VALUE
At 29 October 2023 201,333 1,907 203,240
At 29 October 2022 212,000 3,814 215,814

HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 October 2022 7,360 185,431 192,791
Additions - 278 278
At 29 October 2023 7,360 185,709 193,069
DEPRECIATION
At 30 October 2022 2,208 55,629 57,837
Charge for year 736 11,544 12,280
At 29 October 2023 2,944 67,173 70,117
NET BOOK VALUE
At 29 October 2023 4,416 118,536 122,952
At 29 October 2022 5,152 129,802 134,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,052 11,852
Other debtors 6,865 5,333
8,917 17,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,000 40,000
Trade creditors 34,199 7,060
Taxation and social security 2,024 8,165
Other creditors 58,495 15,328
139,718 70,553

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 101,250 155,000
Other creditors 200,640 277,406
301,890 432,406

HAYRA INTERNATIONAL LIMITED (REGISTERED NUMBER: 11631629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 OCTOBER 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the company owed Mr. Rakesh Gaurav £158,634 (2022: 168,422), who is a director of the company.