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Registration number: 12572072

REH & LA Hayes Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

REH & LA Hayes Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

REH & LA Hayes Ltd

(Registration number: 12572072)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

408,543

119,199

Other financial assets

5

67,900

67,900

 

476,443

187,099

Current assets

 

Stocks

145,194

143,409

Debtors

189,786

101,339

Cash at bank and in hand

 

283,244

34,875

 

618,224

279,623

Creditors: Amounts falling due within one year

(459,707)

(435,897)

Net current assets/(liabilities)

 

158,517

(156,274)

Total assets less current liabilities

 

634,960

30,825

Creditors: Amounts falling due after more than one year

(153,566)

-

Provisions for liabilities

(88,858)

(651)

Net assets

 

392,536

30,174

Capital and reserves

 

Called up share capital

303

303

Profit and loss account

392,233

29,871

Total equity

 

392,536

30,174

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 21 January 2025 and signed on its behalf by:
 

Mr Richard Hayes
Director

Mrs Lucy Hayes
Director

Mr Henry Hayes
Director

     
 

REH & LA Hayes Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Arthayes Farm
Brimley Hill
Churchstanton
Taunton
Somerset
TA3 7QH

These financial statements were authorised for issue by the Board on 21 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amonut of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Governement grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

REH & LA Hayes Ltd

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


Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Biological assets

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

REH & LA Hayes Ltd

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

4

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

213,109

Additions

418,862

Disposals

(36,260)

At 30 April 2024

595,711

Depreciation

At 1 May 2023

93,910

Charge for the year

105,870

Eliminated on disposal

(12,612)

At 30 April 2024

187,168

Carrying amount

At 30 April 2024

408,543

At 30 April 2023

119,199

5

Biological assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at cost less impairment

67,900

67,900