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Registration number: 03853738

A E Haywood & Sons Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

A E Haywood & Sons Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

A E Haywood & Sons Limited

Company Information

Directors

D Haywood

MA Haywood

Company secretary

KJ Haywood

Registered office

Moorfields
Oldfield Road Honley
Holmfirth
West Yorkshire
HD9 6NL

 

A E Haywood & Sons Limited

(Registration number: 03853738)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

102,287

86,552

Current assets

 

Stocks

5

336,199

273,665

Debtors

6

7,802

123,923

Cash at bank and in hand

 

133,279

58,001

 

477,280

455,589

Creditors: Amounts falling due within one year

7

(284,574)

(244,752)

Net current assets

 

192,706

210,837

Total assets less current liabilities

 

294,993

297,389

Creditors: Amounts falling due after more than one year

7

(15,000)

(25,000)

Provisions for liabilities

(18,084)

(10,544)

Net assets

 

261,909

261,845

Capital and reserves

 

Called up share capital

2

2

Retained earnings

261,907

261,843

Shareholders' funds

 

261,909

261,845

 

A E Haywood & Sons Limited

(Registration number: 03853738)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................

D Haywood
Director

 

A E Haywood & Sons Limited

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Retained earnings
£

Total
£

At 1 October 2023

2

261,843

261,845

Profit for the year

-

75,064

75,064

Dividends

-

(75,000)

(75,000)

At 30 September 2024

2

261,907

261,909

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

2

301,492

301,494

Profit for the year

-

26,351

26,351

Dividends

-

(66,000)

(66,000)

At 30 September 2023

2

261,843

261,845

 

A E Haywood & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Moorfields
Oldfield Road Honley
Holmfirth
West Yorkshire
HD9 6NL

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A E Haywood & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

2% on cost

Plant and machinery

15% on reducing balance

Office equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

A E Haywood & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

 

A E Haywood & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 October 2023

55,458

422

43,651

9,827

Additions

-

-

35,000

-

Disposals

-

-

(16,298)

-

At 30 September 2024

55,458

422

62,353

9,827

Depreciation

At 1 October 2023

24,398

414

25,065

8,399

Charge for the year

1,109

1

7,880

358

Eliminated on disposal

-

-

(15,249)

-

At 30 September 2024

25,507

415

17,696

8,757

Carrying amount

At 30 September 2024

29,951

7

44,657

1,070

At 30 September 2023

31,060

8

18,586

1,428

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

127,630

236,988

Additions

-

35,000

Disposals

-

(16,298)

At 30 September 2024

127,630

255,690

Depreciation

At 1 October 2023

92,160

150,436

Charge for the year

8,868

18,216

Eliminated on disposal

-

(15,249)

At 30 September 2024

101,028

153,403

Carrying amount

At 30 September 2024

26,602

102,287

At 30 September 2023

35,470

86,552

 

A E Haywood & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Included within the net book value of land and buildings above is £29,951 (2023 - £31,060) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

336,199

273,665

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,894

117,682

Prepayments

837

902

Other debtors

5,071

5,339

 

7,802

123,923

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

49,583

45,127

Taxation and social security

 

27,108

11,304

Accruals and deferred income

 

121,120

120,601

Other creditors

 

76,763

57,720

 

284,574

244,752

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

15,000

25,000

 

A E Haywood & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

15,000

25,000

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000