Company Registration No. 11665690 (England and Wales)
Hayes Financial Planning Limited
Unaudited accounts
for the period from 1 December 2023 to 31 March 2025
Hayes Financial Planning Limited
Unaudited accounts
Contents
Hayes Financial Planning Limited
Company Information
for the period from 1 December 2023 to 31 March 2025
Directors
Mr M G Hayes
Mrs H S Hayes
Company Number
11665690 (England and Wales)
Registered Office
5 Juniper Close
Reigate
RH2 7NQ
Accountants
MIB Accountants Limited
Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BR1 1LT
Hayes Financial Planning Limited
Statement of financial position
as at 31 March 2025
Intangible assets
50,287
68,126
Cash at bank and in hand
9
76,403
Creditors: amounts falling due within one year
(57,176)
(61,218)
Net current (liabilities)/assets
(50,187)
38,559
Total assets less current liabilities
100
115,090
Creditors: amounts falling due after more than one year
-
(71,303)
Called up share capital
100
100
Profit and loss account
-
43,687
Shareholders' funds
100
43,787
For the period ending 31 March 2025 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 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 of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by
Mr M G Hayes
Director
Company Registration No. 11665690
Hayes Financial Planning Limited
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2025
Hayes Financial Planning Limited is a private company, limited by shares, registered in England and Wales, registration number 11665690. The registered office is 5 Juniper Close, Reigate, RH2 7NQ.
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 period, 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 company changed its accounting year end from 30 November 2024 to 31 March 2025. The company ceased trading on 31 March 2025.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Hayes Financial Planning Limited
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
At 1 December 2023
133,785
Charge for the period
17,839
At 30 November 2023
68,126
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
13,600
1,343
5,517
20,460
Disposals
(13,600)
(1,343)
(5,517)
(20,460)
At 1 December 2023
6,800
672
4,583
12,055
On disposals
(6,800)
(672)
(4,583)
(12,055)
At 30 November 2023
6,800
671
934
8,405
Hayes Financial Planning Limited
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2025
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2023
Bank loans and overdrafts
-
14,900
Taxes and social security
12,354
19,867
Other creditors
44,822
26,451
8
Creditors: amounts falling due after more than one year
2025
2023
9
Transactions with related parties
Included within debtors at the year end is £6,980 (November 2023: £6,980) due from a company in which Mr M G Hayes is a director.
Included within creditors at the year end is £42,455 due to a company in which Mrs H S Hayes in a director.
10
Average number of employees
During the period the average number of employees was 2 (2023: 2).