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REGISTERED NUMBER: 12294990 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Hoad & Boyd Ltd

Hoad & Boyd Ltd (Registered number: 12294990)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Hoad & Boyd Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G Hoad
A D Boyd





REGISTERED OFFICE: Room 2, 1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB





REGISTERED NUMBER: 12294990 (England and Wales)





ACCOUNTANTS: Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB

Hoad & Boyd Ltd (Registered number: 12294990)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,126 48,491

CURRENT ASSETS
Stocks 9,620 -
Debtors 5 6,029 21,517
Cash at bank and in hand 20,978 24,953
36,627 46,470
CREDITORS
Amounts falling due within one year 6 43,462 54,497
NET CURRENT LIABILITIES (6,835 ) (8,027 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,291

40,464

CREDITORS
Amounts falling due after more than one
year

7

7,500

40,283
NET ASSETS 25,791 181

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,691 81
SHAREHOLDERS' FUNDS 25,791 181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Hoad & Boyd Ltd (Registered number: 12294990)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





A D Boyd - Director


Hoad & Boyd Ltd (Registered number: 12294990)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Hoad & Boyd Ltd is a private company, limited by shares , registered in England and Wales. 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
At the balance sheet date the company had an excess of liabilities over assets of £32,503 as a result of monies owed to a related company.

The financial statements have been prepared on the going concern basis on the basis that the directors will continue to support the company going forward. and the company knows of no reason why this will not continue for the foreseeable future.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Hoad & Boyd Ltd (Registered number: 12294990)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 91,512
Additions 1,832
Disposals (5,750 )
At 31 October 2024 87,594
DEPRECIATION
At 1 November 2023 43,021
Charge for year 7,346
Eliminated on disposal (2,899 )
At 31 October 2024 47,468
NET BOOK VALUE
At 31 October 2024 40,126
At 31 October 2023 48,491

Hoad & Boyd Ltd (Registered number: 12294990)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 2,511 18,000
Other debtors 3,518 3,517
6,029 21,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 7,172
Trade creditors 1 624
Taxation and social security 33,171 32,230
Other creditors 290 4,471
43,462 54,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 7,500 17,500
Hire purchase contracts - 22,783
7,500 40,283

Hoad & Boyd Ltd

Report of the Accountants to the Directors of
Hoad & Boyd Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB


Date: .............................................