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01/06/2023
31/05/2024
2024-05-31
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No description of principal activities is disclosed
2023-06-01
Sage Accounts Production 24.0 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
11361759
2023-06-01
2024-05-31
11361759
2024-05-31
11361759
2023-05-31
11361759
2022-06-01
2023-05-31
11361759
2023-05-31
11361759
2022-05-31
11361759
core:NetGoodwill
2023-06-01
2024-05-31
11361759
bus:RegisteredOffice
2023-06-01
2024-05-31
11361759
bus:LeadAgentIfApplicable
2023-06-01
2024-05-31
11361759
bus:Director1
2023-06-01
2024-05-31
11361759
core:WithinOneYear
2024-05-31
11361759
core:WithinOneYear
2023-05-31
11361759
core:AfterOneYear
2024-05-31
11361759
core:AfterOneYear
2023-05-31
11361759
core:ShareCapital
2024-05-31
11361759
core:ShareCapital
2023-05-31
11361759
core:RetainedEarningsAccumulatedLosses
2024-05-31
11361759
core:RetainedEarningsAccumulatedLosses
2023-05-31
11361759
bus:SmallEntities
2023-06-01
2024-05-31
11361759
bus:AuditExempt-NoAccountantsReport
2023-06-01
2024-05-31
11361759
bus:SmallCompaniesRegimeForAccounts
2023-06-01
2024-05-31
11361759
bus:PrivateLimitedCompanyLtd
2023-06-01
2024-05-31
11361759
bus:AbridgedAccounts
2023-06-01
2024-05-31
Company registration number:
11361759
Hayman Watkin Davies Ltd
Unaudited filleted abridged financial statements
31 May 2024
Hayman Watkin Davies Ltd
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Hayman Watkin Davies Ltd
Directors and other information
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Directors |
Mr David Hayman |
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Company number |
11361759 |
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Registered office |
21 Penlline Road Whitchurch, |
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Cardiff, South Glamorgan, |
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CF14 2AA |
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Accountants |
Millbrook Accountancy |
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Dinas Powys |
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South Glamorgan |
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CF64 4DA |
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Hayman Watkin Davies Ltd
Abridged statement of financial position
31 May 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
198,461 |
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247,017 |
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Tangible assets |
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6 |
4,701 |
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1,235 |
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_______ |
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_______ |
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203,162 |
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248,252 |
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Current assets |
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Debtors |
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7,150 |
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9,635 |
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Cash at bank and in hand |
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92,808 |
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93,664 |
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_______ |
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_______ |
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99,958 |
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103,299 |
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Creditors: amounts falling due |
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within one year |
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(
147,857) |
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(
182,333) |
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_______ |
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_______ |
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Net current liabilities |
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(
47,899) |
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(
79,034) |
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_______ |
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_______ |
Total assets less current liabilities |
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155,263 |
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169,218 |
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Creditors: amounts falling due |
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after more than one year |
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(
48,750) |
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(
63,750) |
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Provisions for liabilities |
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(
1,176) |
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(
309) |
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_______ |
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_______ |
Net assets |
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105,337 |
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105,159 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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105,336 |
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105,158 |
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_______ |
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_______ |
Shareholders funds |
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105,337 |
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105,159 |
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_______ |
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_______ |
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
21 January 2025
, and are signed on behalf of the board by:
Mr David Hayman
Director
Company registration number:
11361759
Hayman Watkin Davies Ltd
Notes to the financial statements
Year ended 31 May 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Penlline Road Whitchurch,, Cardiff, South Glamorgan,, CF14 2AA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual result may differ from these estimates. The estimates and underlying assumptions are reviewed on a ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
3
).
5.
Intangible assets
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£ |
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Cost |
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At 1 June 2023 and 31 May 2024 |
485,562 |
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_______ |
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Amortisation |
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At 1 June 2023 |
238,545 |
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Charge for the year |
48,556 |
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_______ |
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At 31 May 2024 |
287,101 |
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_______ |
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Carrying amount |
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At 31 May 2024 |
198,461 |
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_______ |
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At 31 May 2023 |
247,017 |
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_______ |
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6.
Tangible assets
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£ |
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Cost |
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At 1 June 2023 |
4,569 |
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Additions |
4,144 |
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_______ |
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At 31 May 2024 |
8,713 |
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_______ |
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Depreciation |
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At 1 June 2023 |
3,334 |
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Charge for the year |
678 |
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_______ |
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At 31 May 2024 |
4,012 |
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_______ |
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Carrying amount |
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At 31 May 2024 |
4,701 |
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_______ |
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At 31 May 2023 |
1,235 |
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_______ |
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7.
Directors advances, credits and guarantees
At the reporting date the company owed D Hayman, the director of the company, £94,064 (2023: £137, 778). This balance is included within creditors amounts falling due within one year. The director operates an interest free loan account with the company which is repayable on demand.
8.
Controlling party
The controlling party is D Hayman.