Robert Hayward Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12358081

Robert Hayward Limited

Filleted Unaudited Financial Statements

31 December 2024

Robert Hayward Limited

Financial Statements

Year Ended 31st December 2024

Contents	Page

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements	1

Statement of Financial Position	2

Notes to the Financial Statements	4

Robert Hayward Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Robert Hayward Limited

Year Ended 31st December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Robert Hayward Limited for the year ended 31st December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Robert Hayward Limited, as a body, in accordance with the terms of our engagement letter dated 5th February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Robert Hayward Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robert Hayward Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Robert Hayward Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Robert Hayward Limited. You consider that Robert Hayward Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Robert Hayward Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MJ GREEN ACCOUNTANCY SERVICES LTD Chartered Certified Accountants

Unit 10 Silver End Business Park Brettell Lane Brierley Hill West Midlands DY5 3LG

30 September 2025

Robert Hayward Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed Assets

Tangible assets	5	26,242	34,529

Current Assets

Debtors	6	26,557	19,307
Cash at bank and in hand		10,064	18,916
		--------	--------
		36,621	38,223

Creditors: amounts falling due within one year	7	32,207	35,677
		--------	--------
Net Current Assets		4,414	2,546
		--------	--------
Total Assets Less Current Liabilities		30,656	37,075

Creditors: amounts falling due after more than one year	8	23,955	29,702

Provisions

Taxation including deferred tax	6,561	6,561
	--------	--------
Net Assets	140	812
	--------	--------

Capital and Reserves

Called up share capital	1	1
Profit and loss account	139	811
	----	----
Shareholders Funds	140	812
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 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 financial statements for the year in question in accordance with section 476 ;

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

Robert Hayward Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

R Hayward	T Hayward
Director	Director

Company registration number: 12358081

Robert Hayward Limited

Notes to the Financial Statements

Year Ended 31st December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Silver End Business Park, Brettell Lane, Brierley Hill, West Midlands, DY5 3LG.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible Assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1st January 2024	504	57,432	4,480	62,416
Additions	525	–	1,451	1,976
	-------	--------	-------	--------
At 31st December 2024	1,029	57,432	5,931	64,392
	-------	--------	-------	--------
Depreciation
At 1st January 2024	184	25,126	2,577	27,887
Charge for the year	211	8,076	1,976	10,263
	-------	--------	-------	--------
At 31st December 2024	395	33,202	4,553	38,150
	-------	--------	-------	--------
Carrying amount
At 31st December 2024	634	24,230	1,378	26,242
	-------	--------	-------	--------
At 31st December 2023	320	32,306	1,903	34,529
	-------	--------	-------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	2,541	6,190
Other debtors	24,016	13,117
	--------	--------
	26,557	19,307
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	78
Corporation tax	12,050	10,664
Social security and other taxes	2,263	4,506
Other creditors	17,894	20,429
	--------	--------
	32,207	35,677
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	23,955	29,702
	--------	--------

9. Deferred Tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	6,561	6,561
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	6,561	6,561
	-------	-------

10. Directors' Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
R Hayward	12,271	( 31,024)	42,042	23,289
T Hayward	( 13,037)	( 36,114)	38,154	( 10,997)
	--------	--------	--------	--------
	( 766)	( 67,138)	80,196	12,292
	--------	--------	--------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
R Hayward	390	( 38,073)	49,954	12,271
T Hayward	11,577	( 42,390)	17,776	( 13,037)
	--------	--------	--------	--------
	11,967	( 80,463)	67,730	( 766)
	--------	--------	--------	--------

The advances/(credits) to the directors were made at the official rate of interest and are repayable on demand.