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REGISTERED NUMBER: 09752492 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

M D Hoyland Limited

M D Hoyland Limited (Registered number: 09752492)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M D Hoyland Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M D Hoyland





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 09752492 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

M D Hoyland Limited (Registered number: 09752492)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 12,561 14,747
13,561 16,747

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 1,617 1,515
Cash at bank and in hand 43,381 45,503
47,498 49,518
CREDITORS
Amounts falling due within one year 7 9,022 25,159
NET CURRENT ASSETS 38,476 24,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,037

41,106

CREDITORS
Amounts falling due after more than one
year

8

(3,657

)

(7,173

)

PROVISIONS FOR LIABILITIES (2,387 ) (2,802 )
NET ASSETS 45,993 31,131

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 45,843 30,981
SHAREHOLDERS' FUNDS 45,993 31,131

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

M D Hoyland Limited (Registered number: 09752492)

Balance Sheet - continued
31 August 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 22 January 2025 and were signed by:





M D Hoyland - Director


M D Hoyland Limited (Registered number: 09752492)

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

1. STATUTORY INFORMATION

M D Hoyland 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.

Turnover
Turnover represents invoiced sales of goods and services. The company is not registered for value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

M D Hoyland Limited (Registered number: 09752492)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023 8,000
Amortisation for year 1,000
At 31 August 2024 9,000
NET BOOK VALUE
At 31 August 2024 1,000
At 31 August 2023 2,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 1,130 45,761 2,040 48,931
Additions 2,000 - - 2,000
At 31 August 2024 3,130 45,761 2,040 50,931
DEPRECIATION
At 1 September 2023 1,017 31,819 1,348 34,184
Charge for year 528 3,485 173 4,186
At 31 August 2024 1,545 35,304 1,521 38,370
NET BOOK VALUE
At 31 August 2024 1,585 10,457 519 12,561
At 31 August 2023 113 13,942 692 14,747

M D Hoyland Limited (Registered number: 09752492)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 33,009
Transfer to ownership (33,009 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 25,176
Transfer to ownership (25,176 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 7,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,617 1,515

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 3,623 3,664
Hire purchase contracts - 4,435
Trade creditors 113 1,153
Tax 5,279 5,513
Directors' current accounts 7 10,394
9,022 25,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 3,600 3,600
Bank loans - 2-5 years 57 3,573
3,657 7,173

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,870 (2023 - £4,470) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is M D Hoyland.