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REGISTERED NUMBER: 02496477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HAIGHS (GUISELEY) LIMITED

HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAIGHS (GUISELEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Mr A Haigh





SECRETARY: Mrs S B Haigh





REGISTERED OFFICE: Haighs Bakery
28a Otley Road
Guiseley
Leeds
LS20 8AH





REGISTERED NUMBER: 02496477 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 124,932 121,558

CURRENT ASSETS
Stocks 34,650 65,789
Debtors 5 122,290 141,721
Investments 6 40 40
Cash at bank and in hand 78,140 78,534
235,120 286,084
CREDITORS
Amounts falling due within one year 7 (95,619 ) (113,534 )
NET CURRENT ASSETS 139,501 172,550
TOTAL ASSETS LESS CURRENT LIABILITIES 264,433 294,108

CREDITORS
Amounts falling due after more than
one year

8

(6,503

)

(22,672

)

PROVISIONS FOR LIABILITIES (28,227 ) (27,942 )
NET ASSETS 229,703 243,494

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 228,703 242,494
SHAREHOLDERS' FUNDS 229,703 243,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 12 August 2025 and were signed by:





Mr A Haigh - Director


HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Haighs (Guiseley) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property alterations20% Straight line
Plant and machinery15% Reducing balance & 20% Straight line
Fixtures, fittings & equipment15% Reducing balance
Computer Equipment33.33% Straight line
Motor vehicles25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

IMPAIRMENT OF FIXED ASSETS
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

TAXATION
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 account 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.


HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affect neither the tax profit nor the accounting profit.

LEASES
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

EMPLOYEE BENEFITS
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

RETIREMENT BENEFITS
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CASH AT BANK AND IN HAND
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 37 ) .

HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2024 55,877 498,147 554,024
Additions - 44,705 44,705
Disposals - (26,478 ) (26,478 )
At 31 March 2025 55,877 516,374 572,251
DEPRECIATION
At 1 April 2024 55,877 376,589 432,466
Charge for year - 38,460 38,460
Eliminated on disposal - (23,607 ) (23,607 )
At 31 March 2025 55,877 391,442 447,319
NET BOOK VALUE
At 31 March 2025 - 124,932 124,932
At 31 March 2024 - 121,558 121,558

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 65,636 63,616
Other debtors 56,654 78,105
122,290 141,721

6. CURRENT ASSET INVESTMENTS
2025 2024
£ £
Unlisted investments 40 40

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 21,206 28,789
Trade creditors 37,180 37,512
Taxation and social security 7,125 17,874
Other creditors 30,108 29,359
95,619 113,534

HAIGHS (GUISELEY) LIMITED (REGISTERED NUMBER: 02496477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans 6,503 22,672

The company's secured bank borrowings totalling £11,006 (2024: £22,435) are secured by a fixed and floating charge over the assets of the company together with a third party guarantee.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
1,000 Ordinary 1 1,000 1,000

10. RELATED PARTY TRANSACTIONS

During the year the company occupied certain properties rent free which are owned by the director Mr A Haigh.

Included in other debtors is an interest free loan amounting to £18,104 (2024: £37,376) to Locho Limited a company under the direct control of Mr A Haigh.