IRIS Accounts Production v24.3.2.46 01009740 Board of Directors 1.5.23 30.4.24 30.4.24 16.1.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010097402023-04-30010097402024-04-30010097402023-05-012024-04-30010097402022-04-30010097402022-05-012023-04-30010097402023-04-3001009740ns15:EnglandWales2023-05-012024-04-3001009740ns14:PoundSterling2023-05-012024-04-3001009740ns10:Director12023-05-012024-04-3001009740ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001009740ns10:SmallEntities2023-05-012024-04-3001009740ns10:Audited2023-05-012024-04-3001009740ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001009740ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001009740ns10:FullAccounts2023-05-012024-04-3001009740ns5:CurrentFinancialInstruments2024-04-3001009740ns5:CurrentFinancialInstruments2023-04-3001009740ns5:ShareCapital2024-04-3001009740ns5:ShareCapital2023-04-3001009740ns5:SharePremium2024-04-3001009740ns5:SharePremium2023-04-3001009740ns5:RetainedEarningsAccumulatedLosses2024-04-3001009740ns5:RetainedEarningsAccumulatedLosses2023-04-3001009740ns10:RegisteredOffice2023-05-012024-04-300100974012023-05-012024-04-3001009740ns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3001009740ns5:PlantMachinery2023-05-012024-04-3001009740ns5:FurnitureFittings2023-05-012024-04-3001009740ns5:MotorVehicles2023-05-012024-04-3001009740ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-3001009740ns5:PlantMachinery2023-04-3001009740ns5:FurnitureFittings2023-04-3001009740ns5:MotorVehicles2023-04-3001009740ns5:ShortLeaseholdAssetsns5:LandBuildings2024-04-3001009740ns5:PlantMachinery2024-04-3001009740ns5:FurnitureFittings2024-04-3001009740ns5:MotorVehicles2024-04-3001009740ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-3001009740ns5:PlantMachinery2023-04-3001009740ns5:FurnitureFittings2023-04-3001009740ns5:MotorVehicles2023-04-3001009740ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3001009740ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 01009740 (England and Wales)














Financial Statements

for the Year Ended 30 April 2024

for

Happy Days (Woodseaves) Limited

Happy Days (Woodseaves) Limited (Registered number: 01009740)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Happy Days (Woodseaves) Limited (Registered number: 01009740)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,568 143,249

CURRENT ASSETS
Debtors 5 1,945,556 1,475,543
Cash at bank and in hand 121,829 246,763
2,067,385 1,722,306
CREDITORS
Amounts falling due within one year 6 305,145 90,591
NET CURRENT ASSETS 1,762,240 1,631,715
TOTAL ASSETS LESS CURRENT LIABILITIES 1,864,808 1,774,964

PROVISIONS FOR LIABILITIES 25,586 35,742
NET ASSETS 1,839,222 1,739,222

CAPITAL AND RESERVES
Called up share capital 542 542
Share premium 7,900 7,900
Retained earnings 1,830,780 1,730,780
SHAREHOLDERS' FUNDS 1,839,222 1,739,222

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





M Cooper - Director


Happy Days (Woodseaves) Limited (Registered number: 01009740)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Happy Days (Woodseaves) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01009740

Registered office: Paton Drive
Tollgate Park
Beaconside
Stafford
Staffordshire
ST16 3EF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 have been consistently applied within these accounts.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved and therefore the financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumption concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgement

The realisable value of stock is calculated using long established and tested methodologies that take into account expected obsolescence and market dynamics.

The work in progress and finished goods included stock internally generated and which the directors apply deductions to in oder to assess its value excluding any profit element and allowing for future expected costs. This is applied consistently year on year and based on management's assessment of costs to complete and anticipated profit margins historically achieved.

In categorizing leases as finance leases or operating leases, management makes judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee, or the lessee, where the company is a lessor.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Happy Days (Woodseaves) Limited (Registered number: 01009740)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 20% on reducing balance
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost, 10% on cost and 10% on reducing balance
Motor vehicles - 18% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 26 ) .

Happy Days (Woodseaves) Limited (Registered number: 01009740)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 29,274 600 10,790 671,695 712,359
Disposals - - - (218,150 ) (218,150 )
At 30 April 2024 29,274 600 10,790 453,545 494,209
DEPRECIATION
At 1 May 2023 28,992 600 3,269 536,249 569,110
Charge for year 57 - 1,593 17,700 19,350
Eliminated on disposal - - - (196,819 ) (196,819 )
At 30 April 2024 29,049 600 4,862 357,130 391,641
NET BOOK VALUE
At 30 April 2024 225 - 5,928 96,415 102,568
At 30 April 2023 282 - 7,521 135,446 143,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,876 84,711
Amounts owed by group undertakings 1,704,932 1,264,493
Other debtors 124,748 126,339
1,945,556 1,475,543

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,891 35,409
Taxation and social security 251,616 40,499
Other creditors 13,638 14,683
305,145 90,591

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

8. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £22,862 (2023: £22,862). This financial commitment represents the total amount of payments remaining on leases ending in 2025.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party and parent company is Leons Travel Group Limited. Copies of the consolidated financial statements of the group, in which the company are included, are available from its registered office: Paton Drive, Tollgate Park, Beaconside, Stafford, Staffordshire, ST16 3EF.

Happy Days (Woodseaves) Limited (Registered number: 01009740)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.