Haynes and Marshall Limited 08799221 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is being a non-trading holding company for its trading subsidiary, Dial South West Ltd. Digita Accounts Production Advanced 6.30.9574.0 true false true 08799221 2023-11-01 2024-10-31 08799221 2024-10-31 08799221 core:RetainedEarningsAccumulatedLosses 2024-10-31 08799221 core:ShareCapital 2024-10-31 08799221 core:CurrentFinancialInstruments 2024-10-31 08799221 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 08799221 1 2024-10-31 08799221 bus:SmallEntities 2023-11-01 2024-10-31 08799221 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08799221 bus:FullAccounts 2023-11-01 2024-10-31 08799221 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08799221 bus:RegisteredOffice 2023-11-01 2024-10-31 08799221 bus:Director1 2023-11-01 2024-10-31 08799221 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08799221 core:Subsidiary1 2023-11-01 2024-10-31 08799221 core:Subsidiary1 countries:UnitedKingdom 2023-11-01 2024-10-31 08799221 countries:EnglandWales 2023-11-01 2024-10-31 08799221 1 2023-11-01 2024-10-31 08799221 core:CostValuation 2023-10-31 08799221 1 2023-10-31 08799221 2022-11-01 2023-10-31 08799221 2023-10-31 08799221 core:RetainedEarningsAccumulatedLosses 2023-10-31 08799221 core:ShareCapital 2023-10-31 08799221 core:CurrentFinancialInstruments 2023-10-31 08799221 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08799221 1 2023-10-31 08799221 core:Subsidiary1 2022-11-01 2023-10-31 08799221 1 2022-11-01 2023-10-31 08799221 1 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 08799221

Haynes and Marshall Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Haynes and Marshall Limited
(Registration number: 08799221)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Haynes and Marshall Limited
(Registration number: 08799221)

Company Information

Director

Mr G W Evans

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Haynes and Marshall Limited
(Registration number: 08799221)

Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

425,201

425,201

Current assets

 

Debtors

5

14,321

126,755

Cash at bank and in hand

 

187,675

126,937

 

201,996

253,692

Creditors: Amounts falling due within one year

6

(501,096)

(550,863)

Net current liabilities

 

(299,100)

(297,171)

Net assets

 

126,101

128,030

Capital and reserves

 

Called up share capital

120,200

120,200

Profit and loss account

5,901

7,830

Total equity

 

126,101

128,030

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 March 2025
 

.........................................
Mr G W Evans
Director

 

Haynes and Marshall Limited
(Registration number: 08799221)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Haynes and Marshall Limited
(Registration number: 08799221)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Haynes and Marshall Limited
(Registration number: 08799221)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

425,201

425,201

Subsidiaries

£

Cost or valuation

At 1 November 2023

425,201

Provision

Carrying amount

At 31 October 2024

425,201

At 31 October 2023

425,201

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Dial South West Limited

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Ordinary shares

100%

100%

 

United Kingdom

     
 

Haynes and Marshall Limited
(Registration number: 08799221)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Subsidiary undertakings

Dial South West Limited

The principal activity of Dial South West Limited is provision of commercial cleaning services.

5

Debtors

2024
£

2023
£

Other debtors

14,321

126,755

Total current trade and other debtors

14,321

126,755

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

470,972

513,958

Taxation and social security

 

-

14,321

Other creditors

 

28,682

21,142

Accrued expenses

 

1,442

1,442

 

501,096

550,863

7

Related party transactions

Transactions with the director

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Interest free loan

112,434

98,482

(210,916)

-

         
       

 

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Interest free loan

94,181

150,571

(132,318)

112,434