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REGISTERED NUMBER: 10667148















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

WOOD AND HAYNES LTD

WOOD AND HAYNES LTD (REGISTERED NUMBER: 10667148)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOD AND HAYNES LTD

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr N Haynes
Mr M Wood





REGISTERED OFFICE: 16 Hennals Avenue
Redditch
Worcestershire
B97 5RX





REGISTERED NUMBER: 10667148





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

WOOD AND HAYNES LTD (REGISTERED NUMBER: 10667148)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,240 12,877

CURRENT ASSETS
Stocks 5 64,350 55,000
Debtors 6 71,000 83,359
Cash at bank 148,469 147,983
283,819 286,342
CREDITORS
Amounts falling due within one year 7 277,624 290,636
NET CURRENT ASSETS/(LIABILITIES) 6,195 (4,294 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,435 8,583

PROVISIONS FOR LIABILITIES 8 2,161 2,406
NET ASSETS 16,274 6,177

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 16,272 6,175
SHAREHOLDERS' FUNDS 16,274 6,177

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

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

WOOD AND HAYNES LTD (REGISTERED NUMBER: 10667148)

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

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:





Mr M Wood - Director


WOOD AND HAYNES LTD (REGISTERED NUMBER: 10667148)

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


1. STATUTORY INFORMATION

Wood And Haynes Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% 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 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.

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.

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.

WOOD AND HAYNES LTD (REGISTERED NUMBER: 10667148)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2023 48,345 859 49,204
Additions 2,922 - 2,922
At 31st March 2024 51,267 859 52,126
DEPRECIATION
At 1st April 2023 35,682 645 36,327
Charge for year 3,445 114 3,559
At 31st March 2024 39,127 759 39,886
NET BOOK VALUE
At 31st March 2024 12,140 100 12,240
At 31st March 2023 12,663 214 12,877

5. STOCKS
2024 2023
£    £   
Stocks 64,350 55,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,000 83,359

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 100,284 96,195
Tax 10,703 279
Social security and other taxes 488 5,184
VAT 13,736 16,714
Pension payable 1,331 1,185
Directors' current accounts 151,082 171,079
277,624 290,636

WOOD AND HAYNES LTD (REGISTERED NUMBER: 10667148)

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


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,161 2,406

Deferred
tax
£   
Balance at 1st April 2023 2,406
Provided during year (245 )
Balance at 31st March 2024 2,161

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2