Registered number
09218791
HAYWOOD ENGINEERING SERVICES (BARNSLEY) LTD
Filleted Accounts
29 September 2024
HAYWOOD ENGINEERING SERVICES (BARNSLEY) LTD
Registered number: 09218791
Balance Sheet
as at 29 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 391,809 315,496
Current assets
Stocks 2,000 2,000
Debtors 4 345,983 175,186
Cash at bank and in hand 437,348 225,697
785,331 402,883
Creditors: amounts falling due within one year 5 (411,078) (227,112)
Net current assets 374,253 175,771
Total assets less current liabilities 766,062 491,267
Creditors: amounts falling due after more than one year 6 - (19,009)
Net assets 766,062 472,258
Capital and reserves
Called up share capital 100 100
Profit and loss account 765,962 472,158
Shareholders' funds 766,062 472,258
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Aiden Milnes
Director
Approved by the board on 25 June 2025
HAYWOOD ENGINEERING SERVICES (BARNSLEY) LTD
Notes to the Accounts
for the year ended 29 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 30 September 2023 231,041 145,777 41,427 418,245
Additions 10,988 2,630 100,140 113,758
At 29 September 2024 242,029 148,407 141,567 532,003
Depreciation
At 30 September 2023 - 81,401 21,348 102,749
Charge for the year - 13,311 24,134 37,445
At 29 September 2024 - 94,712 45,482 140,194
Net book value
At 29 September 2024 242,029 53,695 96,085 391,809
At 29 September 2023 231,041 64,376 20,079 315,496
4 Debtors 2024 2023
£ £
Trade debtors 293,244 136,353
Other debtors 52,739 38,833
345,983 175,186
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 14,000
Obligations under finance lease and hire purchase contracts 1,566 11,200
Trade creditors 259,183 168,477
Corporation tax 104,562 9,692
Other taxes and social security costs 9,192 2,318
Other creditors 36,575 21,425
411,078 227,112
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 17,401
Obligations under finance lease and hire purchase contracts - 1,608
- 19,009
7 Related party transactions
The company incurred various costs in the year totalling £14,000 plus VAT (2023, £2,500 plus VAT) from Haywood Engineering Services Ltd, an associated company.
8 Controlling party
The ultimate controlling parties are the director Mr A Milnes and Mr J Milnes.
9 Other information
HAYWOOD ENGINEERING SERVICES (BARNSLEY) LTD is a private company limited by shares and incorporated in England. Its registered office is:
85 Doncaster Road
Wath Upon Dearne
Rotherham
South Yorkshire
S63 7DN
HAYWOOD ENGINEERING SERVICES (BARNSLEY) LTD 09218791 false 2023-09-30 2024-09-29 2024-09-29 VT Final Accounts April 2025 Aiden Milnes No description of principal activity 09218791 2022-09-30 2023-09-29 09218791 core:WithinOneYear 2023-09-29 09218791 core:AfterOneYear 2023-09-29 09218791 core:ShareCapital 2023-09-29 09218791 core:RetainedEarningsAccumulatedLosses 2023-09-29 09218791 2023-09-30 2024-09-29 09218791 bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 09218791 bus:AuditExemptWithAccountantsReport 2023-09-30 2024-09-29 09218791 bus:Director40 2023-09-30 2024-09-29 09218791 1 2023-09-30 2024-09-29 09218791 2 2023-09-30 2024-09-29 09218791 core:LandBuildings 2023-09-30 2024-09-29 09218791 core:PlantMachinery 2023-09-30 2024-09-29 09218791 core:Vehicles 2023-09-30 2024-09-29 09218791 countries:England 2023-09-30 2024-09-29 09218791 bus:FRS102 2023-09-30 2024-09-29 09218791 bus:FilletedAccounts 2023-09-30 2024-09-29 09218791 2024-09-29 09218791 core:WithinOneYear 2024-09-29 09218791 core:AfterOneYear 2024-09-29 09218791 core:ShareCapital 2024-09-29 09218791 core:RetainedEarningsAccumulatedLosses 2024-09-29 09218791 core:LandBuildings 2024-09-29 09218791 core:PlantMachinery 2024-09-29 09218791 core:Vehicles 2024-09-29 09218791 2023-09-29 09218791 core:LandBuildings 2023-09-29 09218791 core:PlantMachinery 2023-09-29 09218791 core:Vehicles 2023-09-29 iso4217:GBP xbrli:pure