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REGISTERED NUMBER: 06508923 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Hadley Interiors Ltd

Hadley Interiors Ltd (Registered number: 06508923)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hadley Interiors Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J A Lavin
Miss N Ward





REGISTERED OFFICE: Unit 4a Ladyship Business Park
Mill Lane
Halifax
West Yorkshire
HX3 6TA





REGISTERED NUMBER: 06508923 (England and Wales)






Hadley Interiors Ltd (Registered number: 06508923)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,371 -
Tangible assets 5 218,450 192,111
222,821 192,111

CURRENT ASSETS
Stocks 7,866 10,703
Debtors 6 493,098 397,020
Cash at bank 18,229 30,165
519,193 437,888
CREDITORS
Amounts falling due within one year 7 644,129 497,634
NET CURRENT LIABILITIES (124,936 ) (59,746 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,885

132,365

CREDITORS
Amounts falling due after more than one
year

8

(50,753

)

(77,168

)

PROVISIONS FOR LIABILITIES (46,693 ) (16,046 )
NET ASSETS 439 39,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 339 39,051
439 39,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hadley Interiors Ltd (Registered number: 06508923)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





J A Lavin - Director


Hadley Interiors Ltd (Registered number: 06508923)

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

1. STATUTORY INFORMATION

Hadley Interiors Ltd 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% straight line
Computer equipment - 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Hadley Interiors Ltd (Registered number: 06508923)

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

2. ACCOUNTING POLICIES - continued
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.

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 22 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 5,005
At 30 April 2024 5,005
AMORTISATION
Amortisation for year 634
At 30 April 2024 634
NET BOOK VALUE
At 30 April 2024 4,371

Hadley Interiors Ltd (Registered number: 06508923)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 62,674 131,178 5,237
Additions 59,313 10,138 -
Disposals - - (5,237 )
At 30 April 2024 121,987 141,316 -
DEPRECIATION
At 1 May 2023 15,669 53,242 5,237
Charge for year 16,747 20,618 -
Eliminated on disposal - - (5,237 )
At 30 April 2024 32,416 73,860 -
NET BOOK VALUE
At 30 April 2024 89,571 67,456 -
At 30 April 2023 47,005 77,936 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 58,175 18,480 275,744
Additions - 6,287 75,738
Disposals - - (5,237 )
At 30 April 2024 58,175 24,767 346,245
DEPRECIATION
At 1 May 2023 5,785 3,700 83,633
Charge for year 7,481 4,553 49,399
Eliminated on disposal - - (5,237 )
At 30 April 2024 13,266 8,253 127,795
NET BOOK VALUE
At 30 April 2024 44,909 16,514 218,450
At 30 April 2023 52,390 14,780 192,111

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 195,679 312,457
Other debtors 297,419 84,563
493,098 397,020

Hadley Interiors Ltd (Registered number: 06508923)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,243 4,958
Hire purchase contracts 14,337 13,468
Trade creditors 214,043 252,099
Amounts owed to participating interests 331,655 149,845
Taxation and social security 19,687 18,789
Other creditors 58,164 58,475
644,129 497,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,905 39,114
Hire purchase contracts 19,848 35,054
Other creditors - 3,000
50,753 77,168