Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2022 1 May 2022 false 1 November 2022 30 April 2024 30 April 2024 06230341 Mr S Hayes Miss E Hayes Miss B S Hayes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06230341 2022-10-31 06230341 2024-04-30 06230341 2022-11-01 2024-04-30 06230341 frs-core:CurrentFinancialInstruments 2024-04-30 06230341 frs-core:Non-currentFinancialInstruments 2024-04-30 06230341 frs-core:BetweenOneFiveYears 2024-04-30 06230341 frs-core:ComputerEquipment 2024-04-30 06230341 frs-core:ComputerEquipment 2022-11-01 2024-04-30 06230341 frs-core:ComputerEquipment 2022-10-31 06230341 frs-core:MotorVehicles 2024-04-30 06230341 frs-core:MotorVehicles 2022-11-01 2024-04-30 06230341 frs-core:MotorVehicles 2022-10-31 06230341 frs-core:WithinOneYear 2024-04-30 06230341 frs-core:ShareCapital 2024-04-30 06230341 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06230341 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-04-30 06230341 frs-bus:FilletedAccounts 2022-11-01 2024-04-30 06230341 frs-bus:SmallEntities 2022-11-01 2024-04-30 06230341 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-04-30 06230341 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-04-30 06230341 frs-bus:Director1 2022-11-01 2024-04-30 06230341 frs-bus:Director1 2022-10-31 06230341 frs-bus:Director1 2024-04-30 06230341 frs-bus:Director2 2022-11-01 2024-04-30 06230341 frs-bus:CompanySecretary1 2022-11-01 2024-04-30 06230341 frs-countries:EnglandWales 2022-11-01 2024-04-30 06230341 2022-04-30 06230341 2022-10-31 06230341 2022-05-01 2022-10-31 06230341 frs-core:CurrentFinancialInstruments 2022-10-31 06230341 frs-core:Non-currentFinancialInstruments 2022-10-31 06230341 frs-core:BetweenOneFiveYears 2022-10-31 06230341 frs-core:WithinOneYear 2022-10-31 06230341 frs-core:ShareCapital 2022-10-31 06230341 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 06230341
Hayes Design Ltd
Unaudited Financial Statements
For the Period 1 November 2022 to 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06230341
30 April 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,795 22,883
28,795 22,883
CURRENT ASSETS
Stocks 5 12,600 -
Debtors 6 17,333 25,813
Cash at bank and in hand 7,016 13,885
36,949 39,698
Creditors: Amounts Falling Due Within One Year 7 (49,342 ) (32,245 )
NET CURRENT ASSETS (LIABILITIES) (12,393 ) 7,453
TOTAL ASSETS LESS CURRENT LIABILITIES 16,402 30,336
Creditors: Amounts Falling Due After More Than One Year 8 (15,529 ) (29,463 )
NET ASSETS 873 873
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 871 871
SHAREHOLDERS' FUNDS 873 873
Page 1
Page 2
For the period ending 30 April 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 directors acknowledge their 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 S Hayes
Director
18/01/2025
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
Hayes Design Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06230341 . The registered office is 44 Fairgreen Road, Caddington, LU1 4JG.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.3. 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:
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 35,115 14,080 49,195
Additions 11,485 220 11,705
As at 30 April 2024 46,600 14,300 60,900
Depreciation
As at 1 November 2022 14,214 12,098 26,312
Provided during the period 4,967 826 5,793
As at 30 April 2024 19,181 12,924 32,105
Net Book Value
As at 30 April 2024 27,419 1,376 28,795
As at 1 November 2022 20,901 1,982 22,883
5. Stocks
30 April 2024 31 October 2022
£ £
Stock 12,600 -
6. Debtors
30 April 2024 31 October 2022
£ £
Due within one year
Trade debtors 3,736 462
Prepayments and accrued income - 9,026
VAT - 194
Directors' loan accounts 13,597 16,131
17,333 25,813
7. Creditors: Amounts Falling Due Within One Year
30 April 2024 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,265 5,265
Trade creditors - 1,550
Bank loans and overdrafts 10,557 3,963
Corporation tax 3,671 9,642
Other taxes and social security 8,570 -
VAT 4,213 -
Accruals and deferred income 1,950 11,825
Amounts owed to group undertakings 15,116 -
49,342 32,245
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,529 18,426
Bank loans 5,000 11,037
15,529 29,463
9. Obligations Under Finance Leases and Hire Purchase
30 April 2024 31 October 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,265 5,265
Later than one year and not later than five years 10,529 18,426
15,794 23,691
15,794 23,691
10. Share Capital
30 April 2024 31 October 2022
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Steven Hayes 16,131 39,177 16,600 - 38,708
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
The Director Mr S Hayes is also a Director of Faulkner Hayes Services Ltd. During the year, Hayes Design Ltd invoiced Faulkner Hayes Services Ltd for services at a total of £116 (2022 - £Nil). At the year end date £116 was due to Faulkner Hayes Services Ltd.
The Director Mr S Hayes is also a Director of Custom Building and Services Ltd. During the year Hayes Design Ltd borrowed an amount of £15,000 from Custom Building and Services Ltd (2022 - £Nil). At the year end Hayes Design Ltd owed Custom Building and Services Ltd £15,000.
Page 5