REGISTERED NUMBER: 11734998 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

HAYWARDS GROUP LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D Hayward

A Cole

M L Cole

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

11734998 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haywards Group Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Haywards Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Haywards Group Ltd and state those matters that we have agreed to state to the Board of Directors of Haywards Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Haywards Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Haywards Group Ltd 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 Haywards Group Ltd. You consider that Haywards Group Ltd 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 Haywards Group Ltd. 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

24 October 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

828,946

840,556

828,946

840,556

CURRENT ASSETS

Stocks

2,200

2,360

Debtors

6

1,157

23,118

Cash at bank

22,334

32,433

25,691

57,911

CREDITORS

Amounts falling due within one year

7

295,015

321,777

NET CURRENT LIABILITIES

(269,324

)

(263,866

)

TOTAL ASSETS LESS CURRENT LIABILITIES

559,622

576,690

CREDITORS

Amounts falling due after more than one year

8

(468,715

)

(486,362

)

PROVISIONS FOR LIABILITIES

9

(5,604

)

(7,810

)

NET ASSETS

85,303

82,518

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

85,203

82,418

SHAREHOLDERS' FUNDS

85,303

82,518

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 22 October 2025 and were signed on its behalf by:

A Cole - Director

1.	STATUTORY INFORMATION

Haywards Group Ltd 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.

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Turnover is recognised at the date at which the service is provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

Straight line over 50 years

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

Land included within Freehold property is not depreciated. Depreciation is not currently being recognised for Freehold Property on the basis that the residual value of the property is so high as to make depreciation immaterial.

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

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

27,005

AMORTISATION

At 1 April 2024

and 31 March 2025

27,005

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

799,451

25,719

102,970

Additions

-

-

-

At 31 March 2025

799,451

25,719

102,970

DEPRECIATION

At 1 April 2024

-

8,116

81,785

Charge for year

-

1,714

9,904

At 31 March 2025

-

9,830

91,689

NET BOOK VALUE

At 31 March 2025

799,451

15,889

11,281

At 31 March 2024

799,451

17,603

21,185

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

7,567

503

936,210

Additions

533

539

1,072

At 31 March 2025

8,100

1,042

937,282

DEPRECIATION

At 1 April 2024

5,627

126

95,654

Charge for year

804

260

12,682

At 31 March 2025

6,431

386

108,336

NET BOOK VALUE

At 31 March 2025

1,669

656

828,946

At 31 March 2024

1,940

377

840,556

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,157

23,118

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

38,772

57,880

Trade creditors

7,029

4,543

Taxation and social security

24,641

31,008

Other creditors

224,573

228,346

295,015

321,777

HSBC UK Bank PLC holds a fixed mortgage charge over the Freehold Property. The amount is included within Bank loans.

HSBC UK Bank PLC provide an overdraft facility which is secured with a floating charge over all the assets of the company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

468,715

486,362

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

5,604

7,810

Deferred

tax

£

Balance at 1 April 2024

7,810

Accelerated capital allowances

(2,206

)

Balance at 31 March 2025

5,604

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.