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Company Registration No. 11060749 (England and Wales)
STEVEN HAYNES LIMITED Unaudited accounts for the year ended 30 November 2023
STEVEN HAYNES LIMITED Unaudited accounts Contents
Page
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STEVEN HAYNES LIMITED Company Information for the year ended 30 November 2023
Director
HAYNES, Steven
Company Number
11060749 (England and Wales)
Registered Office
1 DANESFIELD ROAD TEAL PARK FARM WASHINGTON TYNE AND WEAR NE38 8BZ UNITED KINGDOM
Accountants
Bergen Associates (Chartered Certified Accountants) c/o Andrew W Hunt & Co 13 Lowthian Terrace Washington Tyne and Wear NE38 7BA
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of STEVEN HAYNES LIMITED for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of STEVEN HAYNES LIMITED for the year ended 30 November 2023 as set out on pages 5 - 8 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of STEVEN HAYNES LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of STEVEN HAYNES LIMITED and state those matters that we have agreed to state to the Board of Directors of STEVEN HAYNES 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STEVEN HAYNES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that STEVEN HAYNES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of STEVEN HAYNES LIMITED. You consider that STEVEN HAYNES 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 accounts of STEVEN HAYNES 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 accounts.
Bergen Associates (Chartered Certified Accountants) Chartered Certified Accountants c/o Andrew W Hunt & Co 13 Lowthian Terrace Washington Tyne and Wear NE38 7BA 23 July 2024
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STEVEN HAYNES LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,823 
3,787 
Current assets
Inventories
9,250 
10,000 
Debtors
11,337 
18,313 
Cash at bank and in hand
1,706 
3,722 
22,293 
32,035 
Creditors: amounts falling due within one year
(14,962)
(22,012)
Net current assets
7,331 
10,023 
Total assets less current liabilities
10,154 
13,810 
Creditors: amounts falling due after more than one year
(25,124)
(19,365)
Net liabilities
(14,970)
(5,555)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(14,971)
(5,556)
Shareholders' funds
(14,970)
(5,555)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2024 and were signed on its behalf by
HAYNES, Steven Director Company Registration No. 11060749
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STEVEN HAYNES LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
STEVEN HAYNES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11060749. The registered office is 1 DANESFIELD ROAD, TEAL PARK FARM, WASHINGTON, TYNE AND WEAR, NE38 8BZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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STEVEN HAYNES LIMITED Notes to the Accounts for the year ended 30 November 2023
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
10,778 
689 
11,467 
At 30 November 2023
10,778 
689 
11,467 
Depreciation
At 1 December 2022
7,210 
470 
7,680 
Charge for the year
892 
72 
964 
At 30 November 2023
8,102 
542 
8,644 
Net book value
At 30 November 2023
2,676 
147 
2,823 
At 30 November 2022
3,568 
219 
3,787 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
9,250 
10,000 
9,250 
10,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,337 
18,313 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
636 
1,031 
Trade creditors
12,265 
20,460 
Taxes and social security
(261)
(179)
Other creditors
1,572 
- 
Accruals
750 
700 
14,962 
22,012 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
25,124 
19,365 
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STEVEN HAYNES LIMITED Notes to the Accounts for the year ended 30 November 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 1 (2022: 3).
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