HAY AND HAY HOMES LTD

Company Registration Number:
SC453633 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

HAY AND HAY HOMES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

HAY AND HAY HOMES LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 51,448 37,236
Total fixed assets: 51,448 37,236
Current assets
Stocks: 287,590 287,590
Debtors:   60,370 60,140
Cash at bank and in hand: 2,890 5,424
Total current assets: 350,850 353,154
Creditors: amounts falling due within one year: 4 (31,434) (84,261)
Net current assets (liabilities): 319,416 268,893
Total assets less current liabilities: 370,864 306,129
Creditors: amounts falling due after more than one year: 5 (321,907) (282,374)
Total net assets (liabilities): 48,957 23,755
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 48,955 23,753
Shareholders funds: 48,957 23,755

The notes form part of these financial statements

HAY AND HAY HOMES LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 April 2025
and signed on behalf of the board by:

Name: S Hay
Status: Director

The notes form part of these financial statements

HAY AND HAY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is provided on fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Plant and equipment - 15% per annum on a reducing balance basis Motor vehicles - 25% per annum on a reducing balance basis Office equipment - 15% per annum on a reducing balance basis

Valuation and information policy

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

HAY AND HAY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

HAY AND HAY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 46,314
Additions 20,749
At 31 July 2024 67,063
Depreciation
At 01 August 2023 9,078
Charge for year 6,537
At 31 July 2024 15,615
Net book value
At 31 July 2024 51,448
At 31 July 2023 37,236

HAY AND HAY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Trade creditors £4,140; Bank loan £5,000; Other creditors £21,894; Accruals and deferred income £400; Total £31,434

HAY AND HAY HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due after more than one year note

Bank loan £23,892; Other creditors £298,015; Total £321,907