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REGISTERED NUMBER: 04763185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hayes Joinery Limited

Hayes Joinery Limited (Registered number: 04763185)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Hayes Joinery Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L P Hayes



SECRETARY: Ms V Hayes



REGISTERED OFFICE: 3 Great Fold
Leigh
Lancashire
WN7 2NW



REGISTERED NUMBER: 04763185 (England and Wales)



ACCOUNTANTS: C J Roberts & Partners Limited
160 Elliott Street
Tyldesley
Lancashire
M29 8DS



BANKERS: Santander uk plc
2 Triton Square
Regents Place
London
NW1 3AN

Hayes Joinery Limited (Registered number: 04763185)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,767 52,755
Investments 5 103,903 -
147,670 52,755

CURRENT ASSETS
Stocks 500 500
Debtors 6 2,958 11,195
Cash at bank 93,837 128,598
97,295 140,293
CREDITORS
Amounts falling due within one year 7 74,237 45,594
NET CURRENT ASSETS 23,058 94,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,728

147,454

PROVISIONS FOR LIABILITIES 8,316 2,973
NET ASSETS 162,412 144,481

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 162,312 144,381
SHAREHOLDERS' FUNDS 162,412 144,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hayes Joinery Limited (Registered number: 04763185)

Balance Sheet - continued
31 May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





L P Hayes - Director


Hayes Joinery Limited (Registered number: 04763185)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Hayes Joinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Hayes Joinery Limited (Registered number: 04763185)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 99,692
Additions 9,901
Disposals (31,338 )
At 31 May 2024 78,255
DEPRECIATION
At 1 June 2023 46,937
Charge for year 14,706
Eliminated on disposal (27,155 )
At 31 May 2024 34,488
NET BOOK VALUE
At 31 May 2024 43,767
At 31 May 2023 52,755

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
Additions 100,000
Revaluations 3,903
At 31 May 2024 103,903
NET BOOK VALUE
At 31 May 2024 103,903

Cost or valuation at 31 May 2024 is represented by:

Unlisted
investments
£   
Valuation in 2024 103,903

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 100,000 -

Fixed asset investments were valued on an open market basis on 31 May 2024 by Quilter .

Market value of listed investments at 31 May 2024 - £ 103,903 .

Hayes Joinery Limited (Registered number: 04763185)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,958 6,650
Other debtors - 4,545
2,958 11,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 11,595 (1,748 )
Other creditors 62,642 47,342
74,237 45,594

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
L P Hayes
Balance outstanding at start of year (45,332 ) (18,977 )
Amounts repaid (11,100 ) (26,355 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (56,432 ) (45,332 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L P Hayes.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Hayes Joinery Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hayes Joinery Limited for the year ended 31 May 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Hayes Joinery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hayes Joinery Limited and state those matters that we have agreed to state to the director of Hayes Joinery Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Hayes Joinery 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 Hayes Joinery Limited. You consider that Hayes Joinery 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 financial statements of Hayes Joinery 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.






C J Roberts & Partners Limited
160 Elliott Street
Tyldesley
Lancashire
M29 8DS


9 January 2025