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REGISTERED NUMBER: 00309724 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FOSCO, HAYES, HURDLEY LIMITED

FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


FOSCO, HAYES, HURDLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D Nicholas
Ms V Fewtrell
C J Southall





REGISTERED OFFICE: 105 Hospital Street
Birmingham
West Midlands
B19 3XB





REGISTERED NUMBER: 00309724 (England and Wales)





ACCOUNTANTS: Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FOSCO, HAYES, HURDLEY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fosco, Hayes, Hurdley Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Fosco, Hayes, Hurdley Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fosco, Hayes, Hurdley Limited and state those matters that we have agreed to state to the Board of Directors of Fosco, Hayes, Hurdley Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fosco, Hayes, Hurdley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fosco, Hayes, Hurdley Limited. You consider that Fosco, Hayes, Hurdley Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fosco, Hayes, Hurdley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


Date: .............................................

FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,229,328 2,479,116

CURRENT ASSETS
Stocks 121,187 131,750
Debtors 5 983,257 1,123,423
Cash at bank and in hand 192,664 141,834
1,297,108 1,397,007
CREDITORS
Amounts falling due within one year 6 1,583,773 1,686,198
NET CURRENT LIABILITIES (286,665 ) (289,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,942,663

2,189,925

CREDITORS
Amounts falling due after more than one
year

7

(148,241

)

(261,649

)

PROVISIONS FOR LIABILITIES (534,495 ) (468,604 )
NET ASSETS 2,259,927 1,459,672

CAPITAL AND RESERVES
Called up share capital 1,749 1,749
Revaluation reserve 9 1,820,972 1,148,489
Retained earnings 437,206 309,434
SHAREHOLDERS' FUNDS 2,259,927 1,459,672

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.

FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)

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 30 August 2024 and were signed on its behalf by:





D Nicholas - Director


FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Fosco, Hayes, Hurdley 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 as modified by the revaluation of certain assets.

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
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Freehold property-Straight line over 40 years
Plant and machinery-25% reducing balance
Fixtures and fittings-25% reducing balance
Motor vehicles-25% reducing balance

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.

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.

FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

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.

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 36 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 December 2022 1,750,000 2,647,431 368,419 60,542 4,826,392
Additions - 79,876 - - 79,876
Disposals - (9,847 ) - - (9,847 )
Revaluations 750,000 - - - 750,000
At 30 November 2023 2,500,000 2,717,460 368,419 60,542 5,646,421
DEPRECIATION
At 1 December 2022 - 1,964,951 353,841 28,484 2,347,276
Charge for year 39,374 67,238 3,359 7,158 117,129
Eliminated on disposal - (7,938 ) - - (7,938 )
Revaluation adjustments (39,374 ) - - - (39,374 )
At 30 November 2023 - 2,024,251 357,200 35,642 2,417,093
NET BOOK VALUE
At 30 November 2023 2,500,000 693,209 11,219 24,900 3,229,328
At 30 November 2022 1,750,000 682,480 14,578 32,058 2,479,116

Cost or valuation at 30 November 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2016 587,979 - - - 587,979
Valuation in 2022 800,000 - - - 800,000
Valuation in 2023 750,000 - - - 750,000
Cost 362,021 2,717,460 368,419 60,542 3,508,442
2,500,000 2,717,460 368,419 60,542 5,646,421

FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Included within the net book value of £3,229,328 is £590,092 (2022 - £576,033) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £34,770 (2022 - £51,707).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 831,748 969,372
Other debtors 151,509 154,051
983,257 1,123,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 111,789 160,274
Trade creditors 459,335 629,251
Taxation and social security 262,066 165,362
Other creditors 700,583 681,311
1,583,773 1,686,198

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 75,000 125,000
Hire purchase contracts 73,241 136,649
148,241 261,649

8. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank loans 125,000 175,000
Hire purchase contracts 185,030 296,923
310,030 471,923

Bank loans and overdrafts are secured by way of fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

Hire purchase agreements are secured on the individual assets concerned.

FOSCO, HAYES, HURDLEY LIMITED (REGISTERED NUMBER: 00309724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022 1,148,489
Transfer of reserves 738,374
Deferred tax on revaluation (65,891 )

At 30 November 2023 1,820,972

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Nicholas.