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REGISTERED NUMBER: 00540748 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2024

for

William Hayes (Paper Merchants) Limited

William Hayes (Paper Merchants) Limited (Registered number: 00540748)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


William Hayes (Paper Merchants) Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: D W Hayes
J M Hayes





SECRETARY: D W Hayes





REGISTERED OFFICE: Unit 1, Copley Valley Business Park
Copley Valley Road
Sowerby Bridge
West Yorkshire
HX6 2WA





REGISTERED NUMBER: 00540748 (England and Wales)





ACCOUNTANTS: Xeinadin Bushells
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

William Hayes (Paper Merchants) Limited (Registered number: 00540748)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 825,718 842,331
Investments 5 10 10
825,728 842,341

CURRENT ASSETS
Debtors 1,517 1,816
Cash at bank 309,021 231,153
310,538 232,969
CREDITORS
Amounts falling due within one year 121,414 118,543
NET CURRENT ASSETS 189,124 114,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,852

956,767

CAPITAL AND RESERVES
Called up share capital 2,012 2,012
Capital redemption reserve 1,000 1,000
Retained earnings 1,011,840 953,755
SHAREHOLDERS' FUNDS 1,014,852 956,767

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

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

William Hayes (Paper Merchants) Limited (Registered number: 00540748)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 September 2024 and were signed on its behalf by:





D W Hayes - Director


William Hayes (Paper Merchants) Limited (Registered number: 00540748)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

William Hayes (Paper Merchants) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - 2% on cost
Plant and machinery - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

William Hayes (Paper Merchants) Limited (Registered number: 00540748)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 936,397
DEPRECIATION
At 1 April 2023 94,066
Charge for year 16,613
At 31 March 2024 110,679
NET BOOK VALUE
At 31 March 2024 825,718
At 31 March 2023 842,331

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 10
NET BOOK VALUE
At 31 March 2024 10
At 31 March 2023 10