REGISTERED NUMBER: 00669258 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

I.Hayward Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Hayward

Miss C L Hayward

SECRETARY:

C Hayward

REGISTERED OFFICE:

Gardden Industrial Estate

Ruabon

Wrexham

LL14 6RG

REGISTERED NUMBER:

00669258 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

4

122,061

139,897

Investments

5

445,506

434,845

567,567

574,742

CURRENT ASSETS

Stocks

285,875

288,375

Debtors

6

174,020

70,701

Cash at bank and in hand

166,532

183,131

626,427

542,207

CREDITORS

Amounts falling due within one year

7

424,810

385,789

NET CURRENT ASSETS

201,617

156,418

TOTAL ASSETS LESS CURRENT LIABILITIES

769,184

731,160

CAPITAL AND RESERVES

Called up share capital

1,700

1,700

Capital redemption reserve

3,300

3,300

Retained earnings

764,184

726,160

SHAREHOLDERS' FUNDS

769,184

731,160

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

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

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 30 September 2025 and were signed on its behalf by:

C Hayward - Director

Miss C L Hayward - Director

1.	STATUTORY INFORMATION

I.Hayward 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 (£).

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

Tangible fixed assets

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

Freehold property

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

Defined pension contributions arrangements are made for the directors. The company's contributions are charged against the profit and loss account in the year in which they are made. The assets of the pension scheme are held separately from those of the company in an independently administered fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 November 2023

39,143

27,744

650,186

Additions

-

-

1,119

At 31 October 2024

39,143

27,744

651,305

DEPRECIATION

At 1 November 2023

30,486

11,100

549,032

Charge for year

783

555

15,341

At 31 October 2024

31,269

11,655

564,373

NET BOOK VALUE

At 31 October 2024

7,874

16,089

86,932

At 31 October 2023

8,657

16,644

101,154

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2023

20,184

150,185

887,442

Additions

-

-

1,119

At 31 October 2024

20,184

150,185

888,561

DEPRECIATION

At 1 November 2023

12,936

143,991

747,545

Charge for year

727

1,549

18,955

At 31 October 2024

13,663

145,540

766,500

NET BOOK VALUE

At 31 October 2024

6,521

4,645

122,061

At 31 October 2023

7,248

6,194

139,897

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2023

434,845

Additions

12,274

Disposals

(1,613

)

At 31 October 2024

445,506

NET BOOK VALUE

At 31 October 2024

445,506

At 31 October 2023

434,845

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

171,428

68,207

Other debtors

2,592

2,494

174,020

70,701

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

20,249

11,421

Taxation and social security

71,802

61,393

Other creditors

332,759

312,975

424,810

385,789