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REGISTERED NUMBER: 00948233 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Albert Haywood & Sons Limited

Albert Haywood & Sons Limited (Registered number: 00948233)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Albert Haywood & Sons Limited (Registered number: 00948233)

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 54,333 |  | 63,833 |  |

Tangible assets | 5 | 144,388 |  | 140,207 |  |

198,721 |  | 204,040 |  |

CURRENT ASSETS

Stocks | 336,118 |  | 360,125 |  |

Debtors | 6 | 882,337 |  | 843,333 |  |

Cash at bank | 39,133 |  | 29,532 |  |

1,257,588 |  | 1,232,990 |  |

CREDITORS

Amounts falling due within one year | 7 | 803,860 |  | 705,037 |  |

NET CURRENT ASSETS | 453,728 |  | 527,953 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 652,449 |  | 731,993 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (18,146 | ) | (58,657 | ) |

PROVISIONS FOR LIABILITIES | (10,000 | ) | (15,800 | ) |

NET ASSETS | 624,303 |  | 657,536 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 40,000 |  | 40,000 |  |

Share premium | 1,000 |  | 1,000 |  |

Revaluation reserve | 21,900 |  | - |  |

Retained earnings | 561,403 |  | 616,536 |  |

SHAREHOLDERS' FUNDS | 624,303 |  | 657,536 |  |

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

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

Albert Haywood & Sons Limited (Registered number: 00948233)

Balance Sheet - continued

31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

M J Haywood - Director

Albert Haywood & Sons Limited (Registered number: 00948233)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Albert Haywood & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 00948233

| Registered office: | Glenmoor House

| West Park Ring Road

| Leeds

| West Yorkshire

| LS16 6QS

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

| The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Controlling party

| The Company is a wholly owned subsidiary of AHS Holdings Limited. The registered office of the parent company is Glenmoor House, West Park Ring Road, Leeds, LS16 6QS.

| Turnover

| Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

| Intangible assets

| Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Albert Haywood & Sons Limited (Registered number: 00948233)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

| Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

| Leasehold property |  | - 5% straight line |  |

| Plant & machinery |  | - 10% reducing balance |  |

| Fixtures & fittings |  | - 10% reducing balance |  |

| Computer equipment |  | - 20% straight line |  |

| Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

| The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

| Stocks

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

| Taxation

| Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases 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 or the lease term, whichever is the shorter.

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

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme and that of directors' personal pension schemes are charged to profit or loss in the period to which they relate.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Albert Haywood & Sons Limited (Registered number: 00948233)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an Annual General Meeting.

| Financial instruments

| Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

| Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2023 - 16 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 95,000 |  |

| AMORTISATION

| At 1 January 2024 | 31,167 |  |

| Charge for year | 9,500 |  |

| At 31 December 2024 | 40,667 |  |

| NET BOOK VALUE

| At 31 December 2024 | 54,333 |  |

| At 31 December 2023 | 63,833 |  |

Albert Haywood & Sons Limited (Registered number: 00948233)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2024 | 106,560 |  | 346,638 |  | 453,198 |  |

| Revaluations | - |  | 21,900 |  | 21,900 |  |

| At 31 December 2024 | 106,560 |  | 368,538 |  | 475,098 |  |

| DEPRECIATION

| At 1 January 2024 | 64,517 |  | 248,474 |  | 312,991 |  |

| Charge for year | 5,115 |  | 12,604 |  | 17,719 |  |

| At 31 December 2024 | 69,632 |  | 261,078 |  | 330,710 |  |

| NET BOOK VALUE

| At 31 December 2024 | 36,928 |  | 107,460 |  | 144,388 |  |

| At 31 December 2023 | 42,043 |  | 98,164 |  | 140,207 |  |

| Cost or valuation at 31 December 2024 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2024 | - |  | 21,900 |  | 21,900 |  |

| Cost | 106,560 |  | 346,638 |  | 453,198 |  |

106,560 |  | 368,538 |  | 475,098 |  |

| The net book value of tangible fixed assets includes £ 29,149 (2023 - £ 34,809 ) in respect of assets held under hire purchase contracts.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 309,727 |  | 301,766 |  |

| Amounts owed by group undertakings | 508,516 |  | 493,516 |  |

| Other debtors | 64,094 |  | 48,051 |  |

882,337 |  | 843,333 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 30,000 |  | 30,000 |  |

| Hire purchase contracts (see note 9) | 10,306 |  | 10,612 |  |

| Trade creditors | 430,126 |  | 347,104 |  |

| Taxation and social security | 56,428 |  | 50,073 |  |

| Other creditors | 277,000 |  | 267,248 |  |

803,860 |  | 705,037 |  |

Albert Haywood & Sons Limited (Registered number: 00948233)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 10,000 |  | 40,000 |  |

| Hire purchase contracts (see note 9) | 8,146 |  | 18,657 |  |

18,146 |  | 58,657 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 10,306 |  | 10,612 |  |

| Between one and five years | 8,146 |  | 18,657 |  |

18,452 |  | 29,269 |  |

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 21,248 |  | 32,976 |  |

| Between one and five years | 84,172 |  | 62,524 |  |

105,420 |  | 95,500 |  |

| Rentals paid under operating leases are charged to the statement of comprehensive income on a straight line basis over the lease term.

| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 18,452 |  | 29,269 |  |

| Invoice finance | 180,520 |  | 180,993 |  |

198,972 |  | 210,262 |  |

| Hire purchase contracts are secured on the asset to which the finance relates.

| Invoice finance is secured by a fixed and floating charge dated 3 May 2006 over the undertaking and all property and assets present and future.

Albert Haywood & Sons Limited (Registered number: 00948233)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

11. | CALLED UP SHARE CAPITAL

|  | 2024 |  |  | 2023 |  |

|  | £ |  |  | £ |  |

| Allotted, issued and fully paid |  | 40,000 |  |  | 40,000 |  |