HAY2 Ltd 13228277 true 2023-02-28 2024-02-26 2024-02-26 The principal activity of the company is property renovation and sales. Digita Accounts Production Advanced 6.30.9574.0 true true 13228277 2023-02-28 2024-02-26 13228277 2024-02-26 13228277 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-02-26 13228277 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-26 13228277 core:FurnitureFittingsToolsEquipment 2024-02-26 13228277 bus:SmallEntities 2023-02-28 2024-02-26 13228277 bus:AuditExemptWithAccountantsReport 2023-02-28 2024-02-26 13228277 bus:FullAccounts 2023-02-28 2024-02-26 13228277 bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-26 13228277 bus:RegisteredOffice 2023-02-28 2024-02-26 13228277 bus:Director1 2023-02-28 2024-02-26 13228277 bus:Director2 2023-02-28 2024-02-26 13228277 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-28 2024-02-26 13228277 bus:EntityHasNeverTraded 2023-02-28 2024-02-26 13228277 bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-26 13228277 core:FurnitureFittingsToolsEquipment 2023-02-28 2024-02-26 13228277 core:OfficeEquipment 2023-02-28 2024-02-26 13228277 countries:AllCountries 2023-02-28 2024-02-26 13228277 2023-02-27 13228277 core:FurnitureFittingsToolsEquipment 2023-02-27 13228277 2022-03-01 2023-02-27 13228277 2023-02-27 13228277 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-27 13228277 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-27 13228277 core:FurnitureFittingsToolsEquipment 2023-02-27 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13228277

HAY2 Ltd

Annual Report and Unaudited Financial Statements

for the Period from 28 February 2023 to 26 February 2024

 

HAY2 Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

HAY2 Ltd

(Registration number: 13228277)
Balance Sheet as at 26 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

289

339

Current assets

 

Cash at bank and in hand

 

5

23,529

Creditors: Amounts falling due within one year

5

(21,940)

(22,273)

Net current (liabilities)/assets

 

(21,935)

1,256

Net (liabilities)/assets

 

(21,646)

1,595

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(21,648)

1,593

Shareholders' (deficit)/funds

 

(21,646)

1,595

For the financial period ending 26 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 section 1A - Small Entities. The profit and loss account and directors report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr B Hayhurst
Director

.........................................
Mr L Haythornwhite
Director

 

HAY2 Ltd

Notes to the Unaudited Financial Statements for the Period from 28 February 2023 to 26 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Englamd and Wales.

The address of its registered office is:
10-12 Wellington Street St. Johns
Blackburn
Lancashire
BB1 8AG
England

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound. The company has not traded during the period.

Going concern

The directors, having made reasonable enquiries, consider the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

HAY2 Ltd

Notes to the Unaudited Financial Statements for the Period from 28 February 2023 to 26 February 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee Benefits

The cost of any unsued holiday entitlement is recognised in the period in which the employee`s services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

HAY2 Ltd

Notes to the Unaudited Financial Statements for the Period from 28 February 2023 to 26 February 2024

4

Tangible assets

Office equipment

Total
£

Cost or valuation

At 28 February 2023

399

399

At 26 February 2024

399

399

Depreciation

At 28 February 2023

60

60

Charge for the period

50

50

At 26 February 2024

110

110

Carrying amount

At 26 February 2024

289

289

At 27 February 2023

339

339

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

-

1,233

Accruals and deferred income

900

800

Other creditors

21,040

20,240

21,940

22,273

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2