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REGISTERED NUMBER: SC401705 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Hayward & Stott Limited

Hayward & Stott Limited (Registered number: SC401705)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hayward & Stott Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr C E Stott
Mr E C L Stott





SECRETARY: Mr E C L Stott





REGISTERED OFFICE: Woodhouselee Stables
Easter Howgate
Penicuik
Midlothian
EH26 0PF





REGISTERED NUMBER: SC401705 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Hayward & Stott Limited (Registered number: SC401705)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,540 52,952
43,540 52,952

CURRENT ASSETS
Stocks 98,091 109,791
Debtors 6 152,149 30,439
Cash at bank 44,353 41,600
294,593 181,830
CREDITORS
Amounts falling due within one year 7 288,073 166,996
NET CURRENT ASSETS 6,520 14,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,060

67,786

CREDITORS
Amounts falling due after more than one year 8 (7,500 ) (15,739 )

PROVISIONS FOR LIABILITIES 9 (10,885 ) (13,239 )
NET ASSETS 31,675 38,808

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 31,575 38,708
SHAREHOLDERS' FUNDS 31,675 38,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




Mr C E Stott - Director


Hayward & Stott Limited (Registered number: SC401705)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hayward & Stott Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Freehold Property- 2% of cost
Plant and Machinery- 20% on cost
Fixture and Fittings- 20% on cost
Computer Equipment - 25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Hayward & Stott Limited (Registered number: SC401705)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023
and 30 June 2024 20,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Hayward & Stott Limited (Registered number: SC401705)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 45,342 37,406 8,130 19,875 110,753
Additions 2,270 317 792 - 3,379
At 30 June 2024 47,612 37,723 8,922 19,875 114,132
DEPRECIATION
At 1 July 2023 3,300 29,437 7,329 17,735 57,801
Charge for year 2,667 7,206 778 2,140 12,791
At 30 June 2024 5,967 36,643 8,107 19,875 70,592
NET BOOK VALUE
At 30 June 2024 41,645 1,080 815 - 43,540
At 30 June 2023 42,042 7,969 801 2,140 52,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 99,673 24,768
Other debtors 52,476 5,671
152,149 30,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 2,239 3,839
Trade creditors 63,330 35,533
Taxation and social security 51,457 22,589
Other creditors 171,047 105,035
288,073 166,996

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 2,239
Other creditors 7,500 13,500
7,500 15,739

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 10,885 13,239

Hayward & Stott Limited (Registered number: SC401705)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 13,239
Provided during year (2,354 )
Balance at 30 June 2024 10,885

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 July 2023 38,708
Profit for the year 34,867
Dividends (42,000 )
At 30 June 2024 31,575

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30th June 2024 the company owed a director £35,241 (2023: the company owed a director £54,257 and a director owed the company £857).

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,000 were paid out to a director (2023: £42,000).





Related Party




Transaction Type



Transaction in
year
Balance
receivable
from/(payable
to) related party
at 30.6.24
Balance
receivable
from/(payable
to) related party
at 30.6.23
£ £ £

Company with common
director
Loan 5,383 5,383 -

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr E C L Stott.