J L HAYES DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Hayes

Mrs C A Hayes

REGISTERED OFFICE:

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

REGISTERED NUMBER:

06852709 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

1

Tangible assets

5

1,006,011

1,004,024

1,006,011

1,004,025

CURRENT ASSETS

Stocks

21,025

22,570

Debtors

6

4,937

319

Cash at bank and in hand

648,488

577,367

674,450

600,256

CREDITORS

Amounts falling due within one year

7

568,620

534,492

NET CURRENT ASSETS

105,830

65,764

TOTAL ASSETS LESS CURRENT LIABILITIES

1,111,841

1,069,789

PROVISIONS FOR LIABILITIES

106,469

106,469

NET ASSETS

1,005,372

963,320

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

602,361

602,361

Retained earnings

8

402,911

360,859

SHAREHOLDERS' FUNDS

1,005,372

963,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 3rd October 2025 and were signed on its behalf by:

J L Hayes - Director

1.	STATUTORY INFORMATION

J L Hayes Developments 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

The useful economic lives and residual values of assets are assessed by management on a timely basis.

Freehold property was valued by the directors on 31st March 2016. The revaluation was based on historical experience as well as considering future events which may impact the value of freehold property, such as changes in market demands.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is stated at cost.

Intangible assets

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

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

-

Straight line over 50 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% 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.

Financial instruments

Debtors and creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

1

AMORTISATION

Charge for year

1

At 31st March 2025

1

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

1

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st April 2024

1,169,814

30,186

85,867

Additions

-

27,602

4,065

At 31st March 2025

1,169,814

57,788

89,932

DEPRECIATION

At 1st April 2024

210,566

5,433

70,811

Charge for year

23,397

1,156

5,317

At 31st March 2025

233,963

6,589

76,128

NET BOOK VALUE

At 31st March 2025

935,851

51,199

13,804

At 31st March 2024

959,248

24,753

15,056

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2024

28,894

10,501

1,325,262

Additions

1,153

-

32,820

At 31st March 2025

30,047

10,501

1,358,082

DEPRECIATION

At 1st April 2024

24,371

10,057

321,238

Charge for year

852

111

30,833

At 31st March 2025

25,223

10,168

352,071

NET BOOK VALUE

At 31st March 2025

4,824

333

1,006,011

At 31st March 2024

4,523

444

1,004,024

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,937

319

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

15,853

24,619

Taxation and social security

60,568

52,354

Other creditors

492,199

457,519

568,620

534,492

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st April 2024

360,859

602,361

963,220

Profit for the year

81,052

81,052

Dividends

(39,000

)

(39,000

)

At 31st March 2025

402,911

602,361

1,005,272

9.	RELATED PARTY DISCLOSURES

Included in other creditors at 31st March 2025 is an amount of £481,596 (2024 : £454,020 owing to the Directors Mr J L Hayes & Mrs C A Hayes.