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COMPANY REGISTRATION NUMBER: 07134016
Hayden's Arboricultural Consultants Limited
Unaudited financial statements
31 March 2024
Hayden's Arboricultural Consultants Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
6,000
12,000
Tangible assets
6
44,016
31,359
-------
-------
50,016
43,359
Current assets
Debtors
7
240,938
241,858
Cash at bank and in hand
201,119
209,235
---------
---------
442,057
451,093
Creditors: Amounts falling due within one year
8
( 120,447)
( 126,699)
---------
---------
Net current assets
321,610
324,394
---------
---------
Total assets less current liabilities
371,626
367,753
Provisions
Taxation including deferred tax
( 9,069)
( 3,995)
---------
---------
Net assets
362,557
363,758
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
362,457
363,658
---------
---------
Shareholders funds
362,557
363,758
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hayden's Arboricultural Consultants Limited
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
S Hayden
Director
Company registration number: 07134016
Hayden's Arboricultural Consultants Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Moseley's Farm Business Centre, Fornham All Saints, Bury St Edmunds, Suffolk, IP28 6JY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of employees during the year was 17 (2023: 16 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
60,000
-------
Amortisation
At 1 April 2023
48,000
Charge for the year
6,000
-------
At 31 March 2024
54,000
-------
Carrying amount
At 31 March 2024
6,000
-------
At 31 March 2023
12,000
-------
6. Tangible assets
Plant & machinery
Fixtures & fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
31,787
11,532
24,669
96,814
164,802
Additions
1,617
180
18,500
10,363
30,660
-------
-------
-------
---------
---------
At 31 March 2024
33,404
11,712
43,169
107,177
195,462
-------
-------
-------
---------
---------
Depreciation
At 1 April 2023
19,777
8,537
21,842
83,287
133,443
Charge for the year
3,339
786
4,373
9,505
18,003
-------
-------
-------
---------
---------
At 31 March 2024
23,116
9,323
26,215
92,792
151,446
-------
-------
-------
---------
---------
Carrying amount
At 31 March 2024
10,288
2,389
16,954
14,385
44,016
-------
-------
-------
---------
---------
At 31 March 2023
12,010
2,995
2,827
13,527
31,359
-------
-------
-------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
105,035
156,514
Other debtors
135,903
85,344
---------
---------
240,938
241,858
---------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
25,915
12,596
Social security and other taxes
91,980
104,956
Other creditors
2,552
9,147
---------
---------
120,447
126,699
---------
---------
Included within creditors are finance lease agreements of £Nil (2023: £6,413) secured against the assets to which they relate.
9. Director's advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £106,540 (2023: £69,148). The maximum overdrawn balance during the year was £114,856. Interest of £2,025 was charged at the official rate.