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REGISTERED NUMBER: 07071976 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

HAYDENGREEN LTD

HAYDENGREEN LTD (REGISTERED NUMBER: 07071976)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 7

HAYDENGREEN LTD

Company Information
for the year ended 31 December 2023







Directors: J Green
I Green





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 07071976 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

HAYDENGREEN LTD (REGISTERED NUMBER: 07071976)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 39,146 38,074

Current assets
Stocks 40,000 40,000
Debtors 5 353,116 593,184
Cash at bank 106 72,622
393,222 705,806
Creditors
Amounts falling due within one year 6 291,630 470,812
Net current assets 101,592 234,994
Total assets less current liabilities 140,738 273,068

Creditors
Amounts falling due after more than one
year

7

(101,845

)

(187,314

)

Provisions for liabilities (8,893 ) (7,234 )
Net assets 30,000 78,520

Capital and reserves
Called up share capital 9 150 150
Retained earnings 29,850 78,370
Shareholders' funds 30,000 78,520

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




J Green - Director


HAYDENGREEN LTD (REGISTERED NUMBER: 07071976)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Haydengreen 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.

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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

HAYDENGREEN LTD (REGISTERED NUMBER: 07071976)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
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 8 (2022 - 10 ) .

HAYDENGREEN LTD (REGISTERED NUMBER: 07071976)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 January 2023 26,267 34,684 28,037 88,988
Additions 9,366 - 2,383 11,749
At 31 December 2023 35,633 34,684 30,420 100,737
Depreciation
At 1 January 2023 18,081 12,465 20,368 50,914
Charge for year 2,659 5,554 2,464 10,677
At 31 December 2023 20,740 18,019 22,832 61,591
Net book value
At 31 December 2023 14,893 16,665 7,588 39,146
At 31 December 2022 8,186 22,219 7,669 38,074

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 January 2023
and 31 December 2023 34,684
Depreciation
At 1 January 2023 12,465
Charge for year 5,554
At 31 December 2023 18,019
Net book value
At 31 December 2023 16,665
At 31 December 2022 22,219

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 88,557 103,781
Amounts recoverable on contract 231,300 262,700
Other debtors 13,901 18,940
Directors' current accounts 803 91,537
Tax 15,000 102,793
Prepayments 3,555 13,433
353,116 593,184

HAYDENGREEN LTD (REGISTERED NUMBER: 07071976)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 97,556 75,011
Hire purchase contracts (see note 8) 5,100 5,100
Trade creditors 60,834 129,349
Social security and other taxes 20,981 163,719
VAT 61,280 41,595
Other creditors 31,879 25,229
Accrued expenses 14,000 30,809
291,630 470,812

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 74,205 81,038
Bank loans - 2-5 years 9,723 83,927
Hire purchase contracts (see note 8) 17,917 22,349
101,845 187,314

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 5,100 5,100
Between one and five years 17,917 22,349
23,017 27,449

Non-cancellable
operating leases
2023 2022
£ £
Within one year 1,660 26,922
Between one and five years - 1,660
1,660 28,582

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
150 Ordinary shares £1 150 150

10. Directors' advances, credits and guarantees

At the year end, the directors owed the company £803 (2022: £91,537). The loans are repayable on demand and interest was charged when a debit balance throughout the year at 2%.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Haydengreen Ltd


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 Statement of Comprehensive Income 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 Haydengreen Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Haydengreen Ltd, 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 Haydengreen Ltd and state those matters that we have agreed to state to the Board of Directors of Haydengreen Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haydengreen Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Haydengreen Ltd 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 Haydengreen Ltd. You consider that Haydengreen Ltd 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 Haydengreen Ltd. 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.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


29 August 2024