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REGISTERED NUMBER: 01157962 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

D Haird & Company Limited

D Haird & Company Limited (Registered number: 01157962)

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


D Haird & Company Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs L A Haird
C J Haird





REGISTERED OFFICE: 10C Dane Hill Road
Kennett
Newmarket
Suffolk
CB8 7QX





REGISTERED NUMBER: 01157962 (England and Wales)





ACCOUNTANTS: FWD Accounts Limited
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR

D Haird & Company Limited (Registered number: 01157962)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,194,228 2,200,197

CURRENT ASSETS
Stocks 123,576 97,766
Debtors 4 562,149 487,207
Cash at bank 1,696,835 1,599,167
2,382,560 2,184,140
CREDITORS
Amounts falling due within one year 5 286,944 278,459
NET CURRENT ASSETS 2,095,616 1,905,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,289,844

4,105,878

PROVISIONS FOR LIABILITIES 165,653 135,774
NET ASSETS 4,124,191 3,970,104

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable P&L reserves 81,000 81,000
Retained earnings 4,043,091 3,889,004
SHAREHOLDERS' FUNDS 4,124,191 3,970,104

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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs L A Haird - Director


D Haird & Company Limited (Registered number: 01157962)

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


1. 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.
Freehold property - at varying rates on cost
Plant and machinery - 33% on cost, 25% on cost, 20% on cost, 15% on cost, 10% on cost and at varying rates on cost
Motor vehicles - 20% on cost and 15% 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 Profit and Loss, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 22 ) .

D Haird & Company Limited (Registered number: 01157962)

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


3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 1,335,695 960,583 1,821,956 4,118,234
Additions - 243,796 72,107 315,903
Disposals - (45,000 ) - (45,000 )
At 31 December 2023 1,335,695 1,159,379 1,894,063 4,389,137
DEPRECIATION
At 1 January 2023 107,278 729,644 1,081,115 1,918,037
Charge for year 7,071 86,418 228,383 321,872
Eliminated on disposal - (45,000 ) - (45,000 )
At 31 December 2023 114,349 771,062 1,309,498 2,194,909
NET BOOK VALUE
At 31 December 2023 1,221,346 388,317 584,565 2,194,228
At 31 December 2022 1,228,417 230,939 740,841 2,200,197

Included in cost of land and buildings is freehold land of £ 1,112,993 (2022 - £ 1,112,993 ) which is not depreciated.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 504,006 443,482
Directors' current accounts 11,952 4,513
Prepayments 46,191 39,212
562,149 487,207

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 67,520 104,265
Tax 55,603 54,673
Social security and other taxes 77,492 16,346
VAT 58,300 64,384
Other creditors 10,666 1,428
Accrued expenses 17,363 37,363
286,944 278,459

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Mrs L A Haird
Balance outstanding at start of year 4,513 (33,103 )
Amounts advanced - 37,616
Amounts repaid (2,543 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,970 4,513

D Haird & Company Limited (Registered number: 01157962)

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


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

C J Haird
Balance outstanding at start of year - -
Amounts advanced 9,982 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,982 -

Overdrawn balances for both directors were repaid to the company within 9 months of the period end

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L A Haird.