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REGISTERED NUMBER: 03532684 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HAVEN SYSTEMS LIMITED

HAVEN SYSTEMS LIMITED (REGISTERED NUMBER: 03532684)






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


HAVEN SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P G Rawsthorne
N W Arnold
T Richards





REGISTERED OFFICE: Vine Road
Johnston
Haverfordwest
Pembrokeshire
SA62 3NZ





REGISTERED NUMBER: 03532684 (England and Wales)





ACCOUNTANTS: The Dewan Partnership
Chartered Certified Accountants
8 Wheat Street
Brecon
Powys
LD3 7DG

HAVEN SYSTEMS LIMITED (REGISTERED NUMBER: 03532684)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 491,592 501,882
Tangible assets 5 83,670 101,624
575,262 603,506

CURRENT ASSETS
Stocks 25,990 25,990
Debtors 6 50,440 111,599
Cash at bank and in hand 441,490 318,583
517,920 456,172
CREDITORS
Amounts falling due within one year 7 420,945 388,140
NET CURRENT ASSETS 96,975 68,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

672,237

671,538

CREDITORS
Amounts falling due after more than one
year

8

(8,504

)

(20,072

)

PROVISIONS FOR LIABILITIES (16,865 ) (16,865 )
NET ASSETS 646,868 634,601

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 9 150,000 150,000
Revaluation reserve 9 206,050 206,050
Retained earnings 9 290,698 278,431
SHAREHOLDERS' FUNDS 646,868 634,601

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.

HAVEN SYSTEMS LIMITED (REGISTERED NUMBER: 03532684)

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 10 December 2024 and were signed on its behalf by:





P G Rawsthorne - Director


HAVEN SYSTEMS LIMITED (REGISTERED NUMBER: 03532684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Haven Systems 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Software - 2% reducing balance basis

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 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.

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.

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.

HAVEN SYSTEMS LIMITED (REGISTERED NUMBER: 03532684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 607,758
AMORTISATION
At 1 May 2023 105,876
Amortisation for year 10,290
At 30 April 2024 116,166
NET BOOK VALUE
At 30 April 2024 491,592
At 30 April 2023 501,882

Cost or valuation at 30 April 2024 is represented by:

Computer
software
£   
Valuation in 2013 251,050
Valuation in 2015 166,666
Valuation in 2019 105,000
Valuation in 2020 85,042
607,758

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 253,117 152,204 405,321
Additions 9,936 - 9,936
At 30 April 2024 263,053 152,204 415,257
DEPRECIATION
At 1 May 2023 202,084 101,613 303,697
Charge for year 15,242 12,648 27,890
At 30 April 2024 217,326 114,261 331,587
NET BOOK VALUE
At 30 April 2024 45,727 37,943 83,670
At 30 April 2023 51,033 50,591 101,624

HAVEN SYSTEMS LIMITED (REGISTERED NUMBER: 03532684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 42,649 103,808
Bond held By Bruntwood 1,000 1,000
Bond Silverdale Lodge 6,791 6,791
50,440 111,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,906 10,906
Payments on account 207,497 215,392
Trade creditors 69,137 44,506
Tax 66,336 53,695
Social security and other taxes 7,692 7,617
VAT 38,838 35,076
Directors' current accounts 5,239 4,615
Accruals and deferred income 15,300 16,333
420,945 388,140

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 8,504 20,072

9. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 May 2023 278,431 150,000 206,050 634,481
Profit for the year 180,727 180,727
Dividends (168,460 ) (168,460 )
At 30 April 2024 290,698 150,000 206,050 646,748