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REGISTERED NUMBER: 06056782 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Hayward Moon Limited

Hayward Moon Limited (Registered number: 06056782)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


Hayward Moon Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr M R Hayward
Mr N H Moon
Mrs J Crosby
Ms L Barnard
Ms D A Smith
Ms J Schofield
Ms N P Wade





SECRETARY: Mr M R Hayward





REGISTERED OFFICE: Connexions
159 Princes Street
Ipswich
Suffolk
IP1 1QJ





REGISTERED NUMBER: 06056782 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Hayward Moon Limited (Registered number: 06056782)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,066,667 1,266,667
Tangible assets 5 150,899 161,170
1,217,566 1,427,837

CURRENT ASSETS
Work in progress 90,969 104,176
Debtors 6 360,186 704,601
Cash at bank and in hand 1,622,086 1,982,666
2,073,241 2,791,443
CREDITORS
Amounts falling due within one year 7 610,044 792,360
NET CURRENT ASSETS 1,463,197 1,999,083
TOTAL ASSETS LESS CURRENT LIABILITIES 2,680,763 3,426,920

PROVISIONS FOR LIABILITIES 8 17,340 20,087
NET ASSETS 2,663,423 3,406,833

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,663,323 3,406,733
SHAREHOLDERS' FUNDS 2,663,423 3,406,833

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 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.

Hayward Moon Limited (Registered number: 06056782)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:




Mr N H Moon - Director Mr M R Hayward - Director




Mrs J Crosby - Director


Hayward Moon Limited (Registered number: 06056782)

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

1. STATUTORY INFORMATION

Hayward Moon 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised once the company receives the right to receive consideration following the completion of the company's obligation within a contract. Where necessary, adjustments are made through amount receivable on contracts in debtors to accrue for work invoiced after the balance sheet date.

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 ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10 years straight line
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

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

Hayward Moon Limited (Registered number: 06056782)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hayward Moon Limited (Registered number: 06056782)

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

2. ACCOUNTING POLICIES - continued

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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2022 - 65 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,000,000
AMORTISATION
At 1 January 2023 733,333
Charge for year 200,000
At 31 December 2023 933,333
NET BOOK VALUE
At 31 December 2023 1,066,667
At 31 December 2022 1,266,667

Hayward Moon Limited (Registered number: 06056782)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 72,523 143,933 216,456
Additions - 5,983 5,983
Disposals - (3,534 ) (3,534 )
At 31 December 2023 72,523 146,382 218,905
DEPRECIATION
At 1 January 2023 - 55,286 55,286
Charge for year - 13,570 13,570
Eliminated on disposal - (850 ) (850 )
At 31 December 2023 - 68,006 68,006
NET BOOK VALUE
At 31 December 2023 72,523 78,376 150,899
At 31 December 2022 72,523 88,647 161,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 225,921 246,849
Other debtors 134,265 457,752
360,186 704,601

Other debtors for 2022 includes amounts owed by the directors.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 41,869 53,020
Taxation and social security 496,687 523,178
Other creditors 71,488 216,162
610,044 792,360

Other creditors for 2023 includes amounts owed to the directors.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 17,340 20,087

Hayward Moon Limited (Registered number: 06056782)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 20,087
Credit to Income Statement during year (2,747 )
Balance at 31 December 2023 17,340

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
900 Ordinary A 10p 90 90
100 Ordinary B 10p 10 10
100 100

10. OTHER FINANCIAL COMMITMENTS

The company has entered into lease agreements with minimum future payments totalling £606,687 (2022 - £576,639) due over the period ending December 2027.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr N H Moon
Balance outstanding at start of year 118,695 -
Amounts advanced 181,946 150,234
Amounts repaid (300,641 ) (31,539 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 118,695

Mr M R Hayward
Balance outstanding at start of year 112,286 -
Amounts advanced 188,445 137,406
Amounts repaid (300,731 ) (25,120 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 112,286

Hayward Moon Limited (Registered number: 06056782)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J Crosby
Balance outstanding at start of year 84,983 47,896
Amounts advanced 33,402 112,297
Amounts repaid (118,385 ) (75,210 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 84,983