Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-0149The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity49truetruefalse 01636956 2023-04-01 2024-03-31 01636956 2022-04-01 2023-03-31 01636956 2024-03-31 01636956 2023-03-31 01636956 c:Director1 2023-04-01 2024-03-31 01636956 d:Buildings 2023-04-01 2024-03-31 01636956 d:MotorVehicles 2023-04-01 2024-03-31 01636956 d:MotorVehicles 2024-03-31 01636956 d:MotorVehicles 2023-03-31 01636956 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01636956 d:FurnitureFittings 2023-04-01 2024-03-31 01636956 d:FurnitureFittings 2024-03-31 01636956 d:FurnitureFittings 2023-03-31 01636956 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01636956 d:OfficeEquipment 2023-04-01 2024-03-31 01636956 d:OfficeEquipment 2024-03-31 01636956 d:OfficeEquipment 2023-03-31 01636956 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01636956 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01636956 d:FreeholdInvestmentProperty 2024-03-31 01636956 d:FreeholdInvestmentProperty 2023-03-31 01636956 d:CurrentFinancialInstruments 2024-03-31 01636956 d:CurrentFinancialInstruments 2023-03-31 01636956 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01636956 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01636956 d:ShareCapital 2024-03-31 01636956 d:ShareCapital 2023-03-31 01636956 d:CapitalRedemptionReserve 2024-03-31 01636956 d:CapitalRedemptionReserve 2023-03-31 01636956 d:RetainedEarningsAccumulatedLosses 2024-03-31 01636956 d:RetainedEarningsAccumulatedLosses 2023-03-31 01636956 c:FRS102 2023-04-01 2024-03-31 01636956 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01636956 c:FullAccounts 2023-04-01 2024-03-31 01636956 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01636956 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01636956










HAYTON & LAMB LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HAYTON & LAMB LIMITED
REGISTERED NUMBER: 01636956

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
44,813
19,097

Investment property
 5 
270,823
270,823

  
315,636
289,920

CURRENT ASSETS
  

Stocks
 6 
495,609
455,197

Debtors: amounts falling due within one year
 7 
4,143,792
3,371,394

Cash at bank and in hand
 8 
3,526,163
3,043,455

  
8,165,564
6,870,046

Creditors: amounts falling due within one year
 9 
(2,711,661)
(2,378,242)

NET CURRENT ASSETS
  
 
 
5,453,903
 
 
4,491,804

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,769,539
4,781,724

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(2,506)
-

NET ASSETS
  
5,767,033
4,781,724


CAPITAL AND RESERVES
  

Called up share capital 
  
2,700
2,700

Capital redemption reserve
  
2,500
2,500

Profit and loss account
  
5,761,833
4,776,524

  
5,767,033
4,781,724


Page 1

 
HAYTON & LAMB LIMITED
REGISTERED NUMBER: 01636956
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P G Hayton
Director

Date: 4 December 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HAYTON & LAMB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

The company is a private company, limited by share capital, incorporated in England and Wales, registered number 01636956 and its registered office is:
Eldon Road
Aycliffe Industrial Estate
Newton Aycliffe
Co Durham
DL5 6UL

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.



The following principal accounting policies have been applied:

 
2.2

Going concern

The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

  
2.3

Revenue

Revenue from a contract for the provision of painting services is recognised in the period in which the service is provided on an invoiced basis excluding VAT.

  
2.4

Government grants

Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
HAYTON & LAMB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
over 50 years
Motor vehicles
-
over 4 years
Fixtures & fittings
-
over 10 years
Office equipment
-
over 3 years

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Investment property

Investment property is carried at fair value determined annually by the directors based on current market prices for similar properties in the same location. No depreciation is provided. Changes in fair value are recognised in the statement of income and retained earnings.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 49 (2023 - 49).

Page 4

 
HAYTON & LAMB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost


At 1 April 2023
87,039
24,200
33,035
144,274


Additions
39,500
-
2,332
41,832



At 31 March 2024

126,539
24,200
35,367
186,106



Depreciation


At 1 April 2023
77,100
21,695
26,381
125,176


Charge for the year on owned assets
12,390
1,237
2,490
16,117



At 31 March 2024

89,490
22,932
28,871
141,293



Net book value



At 31 March 2024
37,049
1,268
6,496
44,813



At 31 March 2023
9,938
2,505
6,654
19,097


5.


INVESTMENT PROPERTY


Freehold investment properties

£



Valuation


At 1 April 2023
270,823



At 31 March 2024
270,823

The freehold investment properties were acquired in 2017. The directors have reviewed the fair value of these properties based on the market value of similar properties and consider the current value remains their fair value.








Page 5

 
HAYTON & LAMB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


STOCKS

2024
2023
£
£

Raw materials and consumables
6,786
5,075

Work in progress goods to be sold
488,823
450,123

495,609
455,198



7.


DEBTORS

2024
2023
£
£


Trade debtors
2,108,869
1,355,221

Other debtors
2,033,145
2,012,594

Prepayments and accrued income
1,778
-

Deferred taxation
-
3,579

4,143,792
3,371,394



8.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
3,526,163
3,043,455

3,526,163
3,043,455



9.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
389,846
226,982

Corporation tax
346,289
266,586

Other taxation and social security
169,167
165,404

Other creditors
1,034,594
1,017,357

Accruals and deferred income
771,765
701,913

2,711,661
2,378,242


Page 6

 
HAYTON & LAMB LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


PENSION COMMITMENTS

Contributions totalling £9,169 (2023: £6,032) were payable to the fund at the balance sheet date and are included in creditors.  

 
Page 7