Haagensen Wardrobes & Kitchens Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Haagensen Wardrobes & Kitchens Limited for the year ended 30 April 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Haagensen Wardrobes & Kitchens Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Haagensen Wardrobes & Kitchens Limited , as a body, in accordance with the terms of our engagement letter dated 24 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Haagensen Wardrobes & Kitchens Limited and state those matters that we have agreed to state to the directors of Haagensen Wardrobes & Kitchens Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haagensen Wardrobes & Kitchens Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Haagensen Wardrobes & Kitchens Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Haagensen Wardrobes & Kitchens Limited . You consider that Haagensen Wardrobes & Kitchens 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 accounts of Haagensen Wardrobes & Kitchens 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 financial statements.

24 September 2025

Appleleaf Chartered Certified Accountants

ACCA

5 Town Hall Street

Grimsby

Lincolnshire

DN31 1HN

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Haagensen Wardrobes & Kitchens Limited

Balance Sheet

As At 30 April 2025

Balance Sheet

Registered number: 07243536

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		197,630		223,484

			197,630		223,484
CURRENT ASSETS
Stocks	5	75,400		76,767
Debtors	6	154,509		185,159
Cash at bank and in hand		464,103		361,202

		694,012		623,128
Creditors: Amounts Falling Due Within One Year	7	(474,209 )		(429,747 )

NET CURRENT ASSETS (LIABILITIES)			219,803		193,381

TOTAL ASSETS LESS CURRENT LIABILITIES			417,433		416,865

Creditors: Amounts Falling Due After More Than One Year	8		(4,167 )		(14,167 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(49,407 )		(52,610 )

NET ASSETS			363,859		350,088

CAPITAL AND RESERVES
Called up share capital	9		1,005		1,005
Profit and Loss Account			362,854		349,083

SHAREHOLDERS' FUNDS			363,859		350,088

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Haagensen Wardrobes & Kitchens Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Adrian Haagensen

Director

24 September 2025

The notes on pages 4 to 7 form part of these financial statements.

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Haagensen Wardrobes & Kitchens Limited

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

Haagensen Wardrobes & Kitchens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07243536 . The registered office is Rear Of Crown Paints, Ladysmith Road, Grimsby, N E Lincolnshire, DN32 9SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Computer Equipment	20% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Haagensen Wardrobes & Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 20)

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Haagensen Wardrobes & Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2024	636,342	17,068	653,410
Additions	19,995	7,313	27,308
Disposals	(18,328 )	-	(18,328 )

As at 30 April 2025	638,009	24,381	662,390

Depreciation
As at 1 May 2024	424,468	5,458	429,926
Provided during the period	45,568	5,179	50,747
Disposals	(15,913 )	-	(15,913 )

As at 30 April 2025	454,123	10,637	464,760

Net Book Value
As at 30 April 2025	183,886	13,744	197,630

As at 1 May 2024	211,874	11,610	223,484

5. Stocks

	2025	2024
	£	£
Stock	75,400	76,767

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	37,177	60,218
Prepayments and accrued income	10,852	8,961
AMH loan account	106,480	115,980

	154,509	185,159

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Haagensen Wardrobes & Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	95,842	132,186
Bank loans and overdrafts	10,000	10,000
Corporation tax	60,558	39,182
Other taxes and social security	5,245	9,952
VAT	43,998	58,054
Net wages	8,223	9,020
Other creditors	883	489
Shareholders account	5,997	6,997
Accrued contract costs	113,639	125,988
Accruals and deferred income	129,637	37,566
Directors' loan accounts	187	313

	474,209	429,747

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	4,167	14,167

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,005	1,005

10. Related Party Transactions

As at 30th April 2025, Haagensen Wardrobes & Kitchens Limited is owed £106,480 by AMH Property Management Limited. This amount being shown as Inter Company Loan Account in the debtors due within one year note to the accounts.

This amount being a related party item due to common directorships of both companies. Also in the year there were inter-company trasactions by way of rents paid across to AMH Property Management Limited of £61,000 (2024 £54,000)

11. Ultimate Controlling Party

For the whole of the year, the company was effectively under the equal control of Adrian Haagensen and Mandy Haagensen by virtue of them being the majority shareholders in the company.

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