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Company Registration No. 10808061 (England and Wales)
Hayward Dry Lining Ltd Unaudited accounts for the year ended 30 June 2024
Hayward Dry Lining Ltd Unaudited accounts Contents
Page
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Hayward Dry Lining Ltd Company Information for the year ended 30 June 2024
Director
Martin Hayward
Company Number
10808061 (England and Wales)
Registered Office
111 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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Hayward Dry Lining Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,681 
10,850 
Current assets
Debtors
12,355 
4,942 
Cash at bank and in hand
210 
2,637 
12,565 
7,579 
Creditors: amounts falling due within one year
(13,291)
(8,925)
Net current liabilities
(726)
(1,346)
Total assets less current liabilities
7,955 
9,504 
Creditors: amounts falling due after more than one year
(7,758)
(9,200)
Net assets
197 
304 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
196 
303 
Shareholders' funds
197 
304 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Martin Hayward Director Company Registration No. 10808061
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Hayward Dry Lining Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hayward Dry Lining Ltd is a private company, limited by shares, registered in England and Wales, registration number 10808061. The registered office is 111 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
2,800 
25,505 
535 
1,275 
30,115 
At 30 June 2024
2,800 
25,505 
535 
1,275 
30,115 
Depreciation
At 1 July 2023
2,064 
15,867 
394 
940 
19,265 
Charge for the year
147 
1,927 
28 
67 
2,169 
At 30 June 2024
2,211 
17,794 
422 
1,007 
21,434 
Net book value
At 30 June 2024
589 
7,711 
113 
268 
8,681 
At 30 June 2023
736 
9,638 
141 
335 
10,850 
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Hayward Dry Lining Ltd Notes to the Accounts for the year ended 30 June 2024
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
9,638 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
169 
178 
Other debtors
8,817 
1,399 
8,986 
1,577 
Amounts falling due after more than one year
Other debtors
3,369 
3,365 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,500 
3,500 
Obligations under finance leases and hire purchase contracts
- 
1,188 
Trade creditors
126 
- 
Taxes and social security
2,126 
2,058 
Accruals
780 
780 
Deferred income
6,759 
1,399 
13,291 
8,925 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,700 
9,200 
Taxes and social security
2,058 
- 
7,758 
9,200 
Bounce Back Loan due after 12 months Yr. 2. £3,500 Yr. 3. £2,200 Corporation Tax Prior Year £2,058
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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