Registered number
00288826
Haywards (Tewkesbury) Limited
Filleted Accounts
31 March 2025
Haywards (Tewkesbury) Limited
Company Information
Directors
S C Hayward
M J Hayward
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
126 High Street
Tewkesbury
Glos
Registered number
00288826
Haywards (Tewkesbury) Limited
Registered number: 00288826
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,000,000 1,002,750
Current assets
Stocks 80,388 88,765
Debtors 4 37,866 40,799
Cash at bank and in hand 263,112 221,658
381,366 351,222
Creditors: amounts falling due within one year 5 (59,031) (59,011)
Net current assets 322,335 292,211
Total assets less current liabilities 1,322,335 1,294,961
Creditors: amounts falling due after more than one year 6 (1,372) (4,751)
Net assets 1,320,963 1,290,210
Capital and reserves
Called up share capital 20,000 20,000
Revaluation reserve 7 646,840 646,840
Profit and loss account 654,123 623,370
Shareholders' funds 1,320,963 1,290,210
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.
S C Hayward M J Hayward
Director
Approved by the board on 30 June 2025
Haywards (Tewkesbury) Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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:
Freehold property nil
Fixtures and fittings over four years
Motor vehicles over four 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Freehold property Fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 1,000,000 31,663 17,250 1,048,913
At 31 March 2025 1,000,000 31,663 17,250 1,048,913
Depreciation
At 1 April 2024 - 31,663 14,500 46,163
Charge for the year - - 2,750 2,750
At 31 March 2025 - 31,663 17,250 48,913
Net book value
At 31 March 2025 1,000,000 - - 1,000,000
At 31 March 2024 1,000,000 - 2,750 1,002,750
4 Debtors 2025 2024
£ £
Trade debtors 5,075 8,008
Other debtors 32,791 32,791
37,866 40,799
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 23,962 23,003
Taxation and social security costs 28,819 29,758
Other creditors 6,250 6,250
59,031 59,011
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 1,372 4,663
Directors loans - 88
1,372 4,751
7 Revaluation reserve 2025 2024
£ £
At 1 April 2024 646,840 646,840
At 31 March 2025 646,840 646,840
8 Controlling party
The company is controlled by the directors.
9 Other information
Haywards (Tewkesbury) Limited is a private company limited by shares and incorporated in England. Its registered office is:
126 High Street
Tewkesbury
Glos
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