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Registered number: 04252787










GRAHAM L HAYWARD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
GRAHAM L HAYWARD LIMITED
 
 
COMPANY INFORMATION


Director
Mr G Hayward 




Registered number
04252787



Registered office
12 Church Street

Cromer

Norfolk

NR27 9ER




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
GRAHAM L HAYWARD LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 9


 
GRAHAM L HAYWARD LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRAHAM L HAYWARD LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graham L Hayward Limited for the year ended 31 July 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the director of Graham L Hayward Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Graham L Hayward Limited and state those matters that we have agreed to state to the director of Graham L Hayward Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graham L Hayward Limited and its director for our work or for this report. 

It is your duty to ensure that Graham L Hayward Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Graham L Hayward Limited. You consider that Graham L Hayward Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Graham L Hayward 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 financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
23 December 2024
Page 1

 
GRAHAM L HAYWARD LIMITED
REGISTERED NUMBER: 04252787

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,080
35,952

Investment property
 5 
295,000
295,000

  
328,080
330,952

Current assets
  

Stocks
  
1,300
600

Debtors: amounts falling due within one year
 6 
1,234
6,660

Cash at bank and in hand
  
22,674
38,045

  
25,208
45,305

Creditors: amounts falling due within one year
 7 
(370,973)
(395,916)

Net current liabilities
  
 
 
(345,765)
 
 
(350,611)

Total assets less current liabilities
  
(17,685)
(19,659)

Provisions for liabilities
  

Deferred tax
 8 
(5,301)
(10,674)

  
 
 
(5,301)
 
 
(10,674)

Net liabilities
  
(22,986)
(30,333)


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
18,923
18,923

Profit and loss account
  
(42,009)
(49,356)

  
(22,986)
(30,333)


Page 2

 
GRAHAM L HAYWARD LIMITED
REGISTERED NUMBER: 04252787
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 director acknowledges his 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 statement of comprehensive income 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 on 23 December 2024.




................................................
Mr G Hayward
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
GRAHAM L HAYWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Graham L Hayward Limited is a private company, limited by shares. It is both incorporated and domiciled in England and Wales. The Company's registered office is 12 Church Street, Cromer, Norfolk, NR27 9ER.

The Company's principal activity is building and construction, and the principal place of activity is Sheringham, Norfolk.

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

Revenue

Revenue is measured at the fair value of the consideration received or recievable. Revenue for building and construction work is recognised in the period in which the work is carried out. The Company is registered for Value Added Tax.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

 The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
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 4

 
GRAHAM L HAYWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% Reducing balance
Motor vehicles
-
15% Reducing balance

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 director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
GRAHAM L HAYWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost 


At 1 August 2023
16,517
49,478
65,995


Additions
2,966
-
2,966



At 31 July 2024

19,483
49,478
68,961



Depreciation


At 1 August 2023
13,388
16,655
30,043


Charge for the year on owned assets
914
4,924
5,838



At 31 July 2024

14,302
21,579
35,881



Net book value



At 31 July 2024
5,181
27,899
33,080



At 31 July 2023
3,130
32,822
35,952

Page 6

 
GRAHAM L HAYWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
295,000



At 31 July 2024
295,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 August 2023
18,923
18,923

At 31 July 2024
18,923
18,923



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
271,638
271,638

271,638
271,638


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,234
6,660

1,234
6,660


Page 7

 
GRAHAM L HAYWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,181
6,454

Other taxation and social security
3,884
5,842

Other creditors
364,620
382,435

Accruals and deferred income
1,288
1,185

370,973
395,916



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(10,674)
(4,202)


Charged to profit or loss
5,373
(6,472)



At end of year
(5,301)
(10,674)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,301)
(6,237)

Investment property revaluation
-
(4,437)

Page 8

 
GRAHAM L HAYWARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



10.


Reserves

Other reserves

The fair value reserve represents the cumulative value of revaluations of the Company's investment property to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these fair value adjustments at the standard rate of tax applicable in the UK.

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


11.


Related party transactions

As at 31 July 2024, the Company owed the director £363,963 (2023: £381,646). This loan is included in other creditors in note 8 to the financial statements. The loan is interest free and repayable on demand. 

 
Page 9