2023-01-012023-12-312023-12-31falseSC259218W D & A HALEY LIMITED2024-08-1249410iso4217:GBPxbrli:pureSC2592182023-01-01SC2592182023-12-31SC2592182023-01-012023-12-31SC2592182022-01-01SC2592182022-12-31SC2592182022-01-012022-12-31SC259218bus:SmallEntities2023-01-012023-12-31SC259218bus:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC259218bus:FullAccounts2023-01-012023-12-31SC259218bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC259218core:WithinOneYear2023-12-31SC259218core:AfterOneYear2023-12-31SC259218core:WithinOneYear2022-12-31SC259218core:AfterOneYear2022-12-31SC259218core:ShareCapital2023-12-31SC259218core:SharePremium2023-12-31SC259218core:RevaluationReserve2023-12-31SC259218core:OtherReservesSubtotal2023-12-31SC259218core:RetainedEarningsAccumulatedLosses2023-12-31SC259218core:ShareCapital2022-12-31SC259218core:SharePremium2022-12-31SC259218core:RevaluationReserve2022-12-31SC259218core:OtherReservesSubtotal2022-12-31SC259218core:RetainedEarningsAccumulatedLosses2022-12-31SC259218core:LandBuildings2023-12-31SC259218core:PlantMachinery2023-12-31SC259218core:Vehicles2023-12-31SC259218core:FurnitureFittings2023-12-31SC259218core:OfficeEquipment2023-12-31SC259218core:NetGoodwill2023-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2023-12-31SC259218core:ListedExchangeTraded2023-12-31SC259218core:UnlistedNon-exchangeTraded2023-12-31SC259218core:LandBuildings2022-12-31SC259218core:PlantMachinery2022-12-31SC259218core:Vehicles2022-12-31SC259218core:FurnitureFittings2022-12-31SC259218core:OfficeEquipment2022-12-31SC259218core:NetGoodwill2022-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2022-12-31SC259218core:ListedExchangeTraded2022-12-31SC259218core:UnlistedNon-exchangeTraded2022-12-31SC259218core:LandBuildings2023-01-012023-12-31SC259218core:PlantMachinery2023-01-012023-12-31SC259218core:Vehicles2023-01-012023-12-31SC259218core:FurnitureFittings2023-01-012023-12-31SC259218core:OfficeEquipment2023-01-012023-12-31SC259218core:NetGoodwill2023-01-012023-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC259218core:ListedExchangeTraded2023-01-012023-12-31SC259218core:UnlistedNon-exchangeTraded2023-01-012023-12-31SC259218core:MoreThanFiveYears2023-01-012023-12-31SC259218core:Non-currentFinancialInstruments2023-12-31SC259218core:Non-currentFinancialInstruments2022-12-31SC259218dpl:CostSales2023-01-012023-12-31SC259218dpl:DistributionCosts2023-01-012023-12-31SC259218core:LandBuildings2023-01-012023-12-31SC259218core:PlantMachinery2023-01-012023-12-31SC259218core:Vehicles2023-01-012023-12-31SC259218core:FurnitureFittings2023-01-012023-12-31SC259218core:OfficeEquipment2023-01-012023-12-31SC259218dpl:AdministrativeExpenses2023-01-012023-12-31SC259218core:NetGoodwill2023-01-012023-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC259218dpl:GroupUndertakings2023-01-012023-12-31SC259218dpl:ParticipatingInterests2023-01-012023-12-31SC259218dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-31SC259218core:ListedExchangeTraded2023-01-012023-12-31SC259218dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-31SC259218core:UnlistedNon-exchangeTraded2023-01-012023-12-31SC259218dpl:CostSales2022-01-012022-12-31SC259218dpl:DistributionCosts2022-01-012022-12-31SC259218core:LandBuildings2022-01-012022-12-31SC259218core:PlantMachinery2022-01-012022-12-31SC259218core:Vehicles2022-01-012022-12-31SC259218core:FurnitureFittings2022-01-012022-12-31SC259218core:OfficeEquipment2022-01-012022-12-31SC259218dpl:AdministrativeExpenses2022-01-012022-12-31SC259218core:NetGoodwill2022-01-012022-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31SC259218dpl:GroupUndertakings2022-01-012022-12-31SC259218dpl:ParticipatingInterests2022-01-012022-12-31SC259218dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-31SC259218core:ListedExchangeTraded2022-01-012022-12-31SC259218dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-31SC259218core:UnlistedNon-exchangeTraded2022-01-012022-12-31SC259218core:NetGoodwill2023-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2023-12-31SC259218core:LandBuildings2023-12-31SC259218core:PlantMachinery2023-12-31SC259218core:Vehicles2023-12-31SC259218core:FurnitureFittings2023-12-31SC259218core:OfficeEquipment2023-12-31SC259218core:AfterOneYear2023-12-31SC259218core:WithinOneYear2023-12-31SC259218core:ListedExchangeTraded2023-12-31SC259218core:UnlistedNon-exchangeTraded2023-12-31SC259218core:ShareCapital2023-12-31SC259218core:SharePremium2023-12-31SC259218core:RevaluationReserve2023-12-31SC259218core:OtherReservesSubtotal2023-12-31SC259218core:RetainedEarningsAccumulatedLosses2023-12-31SC259218core:NetGoodwill2022-12-31SC259218core:IntangibleAssetsOtherThanGoodwill2022-12-31SC259218core:LandBuildings2022-12-31SC259218core:PlantMachinery2022-12-31SC259218core:Vehicles2022-12-31SC259218core:FurnitureFittings2022-12-31SC259218core:OfficeEquipment2022-12-31SC259218core:AfterOneYear2022-12-31SC259218core:WithinOneYear2022-12-31SC259218core:ListedExchangeTraded2022-12-31SC259218core:UnlistedNon-exchangeTraded2022-12-31SC259218core:ShareCapital2022-12-31SC259218core:SharePremium2022-12-31SC259218core:RevaluationReserve2022-12-31SC259218core:OtherReservesSubtotal2022-12-31SC259218core:RetainedEarningsAccumulatedLosses2022-12-31SC259218core:NetGoodwill2022-01-01SC259218core:IntangibleAssetsOtherThanGoodwill2022-01-01SC259218core:LandBuildings2022-01-01SC259218core:PlantMachinery2022-01-01SC259218core:Vehicles2022-01-01SC259218core:FurnitureFittings2022-01-01SC259218core:OfficeEquipment2022-01-01SC259218core:AfterOneYear2022-01-01SC259218core:WithinOneYear2022-01-01SC259218core:ListedExchangeTraded2022-01-01SC259218core:UnlistedNon-exchangeTraded2022-01-01SC259218core:ShareCapital2022-01-01SC259218core:SharePremium2022-01-01SC259218core:RevaluationReserve2022-01-01SC259218core:OtherReservesSubtotal2022-01-01SC259218core:RetainedEarningsAccumulatedLosses2022-01-01SC259218core:AfterOneYear2023-01-012023-12-31SC259218core:WithinOneYear2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-31SC259218core:Non-currentFinancialInstrumentscore:CostValuation2023-12-31SC259218core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-31SC259218core:Non-currentFinancialInstrumentscore:CostValuation2022-12-31SC259218core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-31SC259218core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-31SC259218bus:Director12023-01-012023-12-31SC259218bus:Director22023-01-012023-12-31

W D & A HALEY LIMITED

Registered Number
SC259218
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

W D & A HALEY LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

HALEY, Antony Edward
HALEY, Dale William

Registered Address

Lone Pine
Beattock
Moffat
DG10 9RF

Registered Number

SC259218 (Scotland)
W D & A HALEY LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets41,133,291889,558
1,133,291889,558
Current assets
Stocks512,00012,000
Debtors6267,877213,430
Cash at bank and on hand54,536153,419
334,413378,849
Creditors amounts falling due within one year7(525,462)(429,604)
Net current assets (liabilities)(191,049)(50,755)
Total assets less current liabilities942,242838,803
Creditors amounts falling due after one year8(690,310)(601,698)
Provisions for liabilities10(70,562)(48,178)
Net assets181,370188,927
Capital and reserves
Called up share capital2020
Profit and loss account181,350188,907
Shareholders' funds181,370188,927
The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2024, and are signed on its behalf by:
HALEY, Antony Edward
Director
HALEY, Dale William
Director

Registered Company No. SC259218
W D & A HALEY LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Plant and machinery: 12.5% reducing balance/over the term of the lease

Reducing balance (%)
Vehicles20
Office Equipment10
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year1311
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 23102,837102,837
At 31 December 23102,837102,837
Amortisation and impairment
At 01 January 23102,837102,837
At 31 December 23102,837102,837
Net book value
At 31 December 23--
At 31 December 22--
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 231,660,00659,7907,8971,727,693
Additions515,67543,995309559,979
Disposals(33,818)(59,790)-(93,608)
At 31 December 232,141,86343,9958,2062,194,064
Depreciation and impairment
At 01 January 23805,63830,6361,861838,135
Charge for year251,7688,799632261,199
On disposals(7,925)(30,636)-(38,561)
At 31 December 231,049,4818,7992,4931,060,773
Net book value
At 31 December 231,092,38235,1965,7131,133,291
At 31 December 22854,36829,1546,036889,558
The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows: Plant and machinery: £976,830 (2022 - £698,222) Motor vehicles: £35,196 (2022 - £nil)
5.Stocks

2023

2022

££
Raw materials and consumables12,00012,000
Total12,00012,000
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables224,010162,834
Other debtors43,86750,596
Total267,877213,430
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables100,44599,795
Bank borrowings and overdrafts69,61867,893
Taxation and social security53,85245,446
Finance lease and HP contracts294,012210,128
Other creditors1,2911,342
Accrued liabilities and deferred income6,2445,000
Total525,462429,604
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Banks borrowings are secured by the company. Finance lease and HP contracts are secured on the assets to which they relate.
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts99,308169,513
Other creditors591,002432,185
Total690,310601,698
Banks borrowings and overdrafts are secured on by the company. Finance lease and HP contracts equal to £591,002, (2022 - £432,185) are included within other creditors and are secured against the assets to which they relate.
9.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts591,002432,185
10.Provisions for liabilities
The provision for deferred tax is made up of £238,553 in respect of accelerated capital allowances, -£167,668 in respect of tax losses carried forward and -£323 in respect short term timing differences.

2023

2022

££
Net deferred tax liability (asset)70,56248,178
Total70,56248,178
11.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £1,291 (2022 - £1,342).
12.Other commitments
At 31 December 2023 the company had future minimum lease payments under non-cancellable operating leases of £14,350 (2022 - £27,730).
13.Directors advances, credits and guarantees
On 1 January 2023 a Director owed the Company £29,357. During the period this director was advanced a further £40,102 and repaid £35,000. At 31 December 2023 this Director owed the Company £34,459. Interest equal to £779 was charged on this loan at the HMRC official rate. The loan is repayable on demand. On 1 January 2023 a second Director owed the Company £21,239. During the period this director was advanced a further £26,969 and repaid £38,799. At 31 December 2023 this Director owed the Company £9,409. Interest equal to £491 was charged on this loan at the HMRC official rate. The loan is repayable on demand.
14.Related party transactions
Bank loans and overdrafts both falling due in under and over one year are secured by way of personal guarantee from the directors.