REGISTERED NUMBER: 00410986 (England and Wales)

T.W.HAYES,LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

D J R Hayes

A M Hayes

M K Hayes

SECRETARY:

A M Hayes

REGISTERED OFFICE:

Spridlington House

Faldingworth Road

Spridlington

Market Rasen

Lincolnshire

LN8 2DE

REGISTERED NUMBER:

00410986 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Property, plant and equipment

4

920,768

976,813

CURRENT ASSETS

Inventories

280,483

316,111

Debtors

5

90,102

124,920

Cash at bank

108,552

101,863

479,137

542,894

CREDITORS

Amounts falling due within one year

6

146,829

130,678

NET CURRENT ASSETS

332,308

412,216

TOTAL ASSETS LESS CURRENT LIABILITIES

1,253,076

1,389,029

CREDITORS

Amounts falling due after more than one year

7

(53,394

)

(86,599

)

PROVISIONS FOR LIABILITIES

(58,822

)

(65,035

)

NET ASSETS

1,140,860

1,237,395

CAPITAL AND RESERVES

Called up share capital

9

2,000

2,000

Retained earnings

1,138,860

1,235,395

SHAREHOLDERS' FUNDS

1,140,860

1,237,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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.

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 1 September 2025 and were signed on its behalf by:

D J R Hayes - Director

1.	STATUTORY INFORMATION

T.w.hayes,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.

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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises net invoiced sales of produce and livestock, excluding value added tax.

Revenue is recognised when the significant risks and rewards have passed to the buyer (typically considered to be on despatch), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, 10% on reducing balance, 5% on cost and 3% on cost

Property, plant and equipment are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2024

540,054

1,225,099

1,765,153

Additions

-

3,155

3,155

At 5 April 2025

540,054

1,228,254

1,768,308

DEPRECIATION

At 6 April 2024

-

788,340

788,340

Charge for year

-

59,200

59,200

At 5 April 2025

-

847,540

847,540

NET BOOK VALUE

At 5 April 2025

540,054

380,714

920,768

At 5 April 2024

540,054

436,759

976,813

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

64,177

92,371

Other debtors

25,925

32,549

90,102

124,920

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts

25,614

24,811

Hire purchase contracts

7,046

6,618

Trade creditors

67,093

34,561

Taxation and social security

1,462

1,255

Other creditors

45,614

63,433

146,829

130,678

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans

31,524

57,684

Hire purchase contracts

21,870

28,915

53,394

86,599

8.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

5.4.24

£

£

Bank loans

57,138

82,495

Hire purchase contracts

28,916

35,533

86,054

118,028

Bank loans are secured by fixed and floating charges over the company's assets. Hire purchase contracts are secured on the asset to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.25

5.4.24

value:

£

£

1,500

Ordinary A

£1

1,500

1,500

450

Ordinary B

£1

450

500

50

Ordinary C

£1

50

-

2,000

2,000