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REGISTERED NUMBER: 03350682 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HAYSTOUN CONSTRUCTION LTD.

HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYSTOUN CONSTRUCTION LTD.

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: J A Hall
M R Hargreaves
G L Hough





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 03350682 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,267 120,014

CURRENT ASSETS
Stocks 256,000 -
Debtors 5 1,795,276 1,130,939
Cash at bank and in hand 256,359 775,891
2,307,635 1,906,830
CREDITORS
Amounts falling due within one year 6 1,230,830 1,153,652
NET CURRENT ASSETS 1,076,805 753,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,201,072

873,192

CREDITORS
Amounts falling due after more than one
year

7

(13,099

)

(31,821

)

PROVISIONS FOR LIABILITIES (31,067 ) (22,706 )
NET ASSETS 1,156,906 818,665

CAPITAL AND RESERVES
Called up share capital 10,001 10,001
Retained earnings 1,146,905 808,664
1,156,906 818,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

BALANCE SHEET - continued
31 March 2024


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 Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





M R Hargreaves - Director


HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Haystoun Construction Ltd. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 217,643
Additions 40,166
Disposals (3,500 )
At 31 March 2024 254,309
DEPRECIATION
At 1 April 2023 97,629
Charge for year 32,938
Eliminated on disposal (525 )
At 31 March 2024 130,042
NET BOOK VALUE
At 31 March 2024 124,267
At 31 March 2023 120,014

HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 62,691
DEPRECIATION
At 1 April 2023 36,246
Charge for year 6,611
At 31 March 2024 42,857
NET BOOK VALUE
At 31 March 2024 19,834
At 31 March 2023 26,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 737,316 851,215
Other debtors 1,057,960 279,724
1,795,276 1,130,939

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,185 9,930
Hire purchase contracts 8,537 16,940
Trade creditors 943,878 839,905
Taxation and social security 258,738 280,109
Other creditors 9,492 6,768
1,230,830 1,153,652

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,099 23,284
Hire purchase contracts - 8,537
13,099 31,821

HAYSTOUN CONSTRUCTION LTD. (REGISTERED NUMBER: 03350682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by Section 1A of FRS102 and has not disclosed transactions with group undertakings.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M R Hargreaves.