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REGISTERED NUMBER: 13455287 (England and Wales)















Haywoods Trimmings Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






Haywoods Trimmings Limited (Registered number: 13455287)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haywoods Trimmings Limited

Company Information
for the year ended 30 November 2024







DIRECTOR: JE Coulter





REGISTERED OFFICE: 28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA





REGISTERED NUMBER: 13455287 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Haywoods Trimmings Limited (Registered number: 13455287)

Balance Sheet
30 November 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,219 675
2,219 675

CURRENT ASSETS
Debtors 6 4,464 2,699
Cash at bank 61,470 41,735
65,934 44,434
CREDITORS
Amounts falling due within one year 7 31,507 13,359
NET CURRENT ASSETS 34,427 31,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,646

31,750

CREDITORS
Amounts falling due after more than one
year

8

(6,350

)

(11,750

)

PROVISIONS FOR LIABILITIES 9 (399 ) (128 )
NET ASSETS 29,897 19,872

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 29,896 19,871
SHAREHOLDERS' FUNDS 29,897 19,872

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

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

The director acknowledges her 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.

Haywoods Trimmings Limited (Registered number: 13455287)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





JE Coulter - Director


Haywoods Trimmings Limited (Registered number: 13455287)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Haywoods Trimmings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, this amount will be written off over its useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Haywoods Trimmings Limited (Registered number: 13455287)

Notes to the Financial Statements - continued
for the year ended 30 November 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.

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2023
and 30 November 2024 1,000
AMORTISATION
At 1 December 2023
and 30 November 2024 1,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

On 31 August 2021, the company acquired the trade and certain assets of Haywoods Limited for total consideration of £2,500.

Haywoods Trimmings Limited (Registered number: 13455287)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 December 2023 1,250 - 1,250
Additions 1,890 591 2,481
At 30 November 2024 3,140 591 3,731
DEPRECIATION
At 1 December 2023 575 - 575
Charge for year 740 197 937
At 30 November 2024 1,315 197 1,512
NET BOOK VALUE
At 30 November 2024 1,825 394 2,219
At 30 November 2023 675 - 675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 478 2,698
Called up share capital not paid 1 1
Prepayments 3,985 -
4,464 2,699

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other loans 5,400 5,400
Payments on account - 674
Trade creditors 5,792 97
Corporation tax 16,673 2,350
VAT 474 1,760
Directors' current accounts 168 78
Accrued expenses 3,000 3,000
31,507 13,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other loans - 1-2 years 6,350 11,750

Haywoods Trimmings Limited (Registered number: 13455287)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 399 128

Deferred tax
£
Balance at 1 December 2023 128
Provided during year 271
Balance at 30 November 2024 399

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the director.