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
Hayward Dry Lining Ltd
Company Information
for the year ended 30 June 2024
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
Hayward Dry Lining Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
8,681
10,850
Cash at bank and in hand
210
2,637
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)
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
Hayward Dry Lining Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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
At 30 June 2024
589
7,711
113
268
8,681
At 30 June 2023
736
9,638
141
335
10,850
Hayward Dry Lining Ltd
Notes to the Accounts
for the year ended 30 June 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Amounts falling due after more than one year
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
Taxes and social security
2,126
2,058
Deferred income
6,759
1,399
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
2,058
-
Bounce Back Loan due after 12 months
Yr. 2. £3,500
Yr. 3. £2,200
Corporation Tax Prior Year £2,058
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).