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REGISTERED NUMBER: 07860533 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HAYWOOD RESTORATION LIMITED

HAYWOOD RESTORATION LIMITED (REGISTERED NUMBER: 07860533)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYWOOD RESTORATION LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: M R Henshaw
Mrs W D Henshaw





REGISTERED OFFICE: Oak Edge
Off Pool Lane
Brocton
Stafford
Staffordshire
ST17 0TX





REGISTERED NUMBER: 07860533 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

HAYWOOD RESTORATION LIMITED (REGISTERED NUMBER: 07860533)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,043 2,725

CURRENT ASSETS
Stocks - 9,516
Debtors 5 37,204 102,954
Cash at bank - 376
37,204 112,846
CREDITORS
Amounts falling due within one year 6 65,595 99,529
NET CURRENT (LIABILITIES)/ASSETS (28,391 ) 13,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,348

)

16,042

CREDITORS
Amounts falling due after more than one
year

7

-

(15,500

)

PROVISIONS FOR LIABILITIES - (518 )
NET (LIABILITIES)/ASSETS (26,348 ) 24

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (26,350 ) 22
SHAREHOLDERS' FUNDS (26,348 ) 24

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

HAYWOOD RESTORATION LIMITED (REGISTERED NUMBER: 07860533)

BALANCE SHEET - continued
30 November 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 20 August 2024 and were signed on its behalf by:





M R Henshaw - Director


HAYWOOD RESTORATION LIMITED (REGISTERED NUMBER: 07860533)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Haywood Restoration 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.

Turnover is recognised when goods have been delivered to customers, or services completed, such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% 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.

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.

HAYWOOD RESTORATION LIMITED (REGISTERED NUMBER: 07860533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 4,387 4,254 8,641
DEPRECIATION
At 1 December 2022 3,515 2,401 5,916
Charge for year 218 464 682
At 30 November 2023 3,733 2,865 6,598
NET BOOK VALUE
At 30 November 2023 654 1,389 2,043
At 30 November 2022 872 1,853 2,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,832 17,181
Other debtors 23,372 85,773
37,204 102,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 7,647
Trade creditors - 9,049
Taxation and social security 63,347 79,452
Other creditors 2,248 3,381
65,595 99,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 15,500

HAYWOOD RESTORATION LIMITED (REGISTERED NUMBER: 07860533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
M R Henshaw and Mrs W D Henshaw
Balance outstanding at start of year 70,246 47,775
Amounts advanced - 70,246
Amounts repaid (62,401 ) (47,775 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,845 70,246