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Registered number: 14103424
Hay Post Services Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14103424
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,186 5,066
4,186 5,066
CURRENT ASSETS
Debtors 5 7,568 10,132
Cash at bank and in hand 3,315 555
10,883 10,687
Creditors: Amounts Falling Due Within One Year 6 (29,562 ) (16,711 )
NET CURRENT ASSETS (LIABILITIES) (18,679 ) (6,024 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,493 ) (958 )
NET LIABILITIES (14,493 ) (958 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (14,593 ) (1,058 )
SHAREHOLDERS' FUNDS (14,493) (958)
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carmino Nino Williamson
Director
27 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hay Post Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14103424 . The registered office is Unit 3 Glanwye Business Park, Hay-on-Wye, Herefordshire, HR3 5EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company is reliant upon the ongoing support of the director and shareholder to fund outstanding liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
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2.5. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Directors loans are recognised at transaction price.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 2,739 305 1,417 825 5,286
Additions - - 1,500 - 1,500
Disposals - - (1,317 ) - (1,317 )
As at 31 May 2024 2,739 305 1,600 825 5,469
Depreciation
As at 1 June 2023 114 13 59 34 220
Provided during the period 685 76 150 207 1,118
Disposals - - (55 ) - (55 )
As at 31 May 2024 799 89 154 241 1,283
Net Book Value
As at 31 May 2024 1,940 216 1,446 584 4,186
As at 1 June 2023 2,625 292 1,358 791 5,066
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5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Trade debtors 6,712 9,104
Prepayments and accrued income 184 267
Other debtors 652 741
Called up share capital not paid 20 20
7,568 10,132
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 18,890 12,696
Other taxes and social security 183 -
VAT 1,052 1,621
Accruals and deferred income 1,688 1,917
Director's loan account 7,749 477
29,562 16,711
7. Share Capital
31 May 2024 31 May 2023
£ £
Called Up Share Capital not Paid 20 20
Called Up Share Capital has been paid up 80 80
Amount of Allotted, Called Up Share Capital 100 100
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