Hayman Joinery Limited 30/04/2025 iXBRL

Company registration number: 6824087

Hayman Joinery Limited

Unaudited filleted financial statements

30 April 2025

Hayman Joinery Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Hayman Joinery Limited

Directors and other information


	Director	Mr C Roberts


	Secretary	Mrs C Roberts


	Company number	6824087


	Registered office	Davids Lane
		Ivybridge
		Devon
		PL21 0DW


	Accountants	Franklins Accountants LLP
		Astor House
		2 Alexandra Road
		Mutley Plain
		Plymouth
		PL4 7JR

Hayman Joinery Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	308,880		282,437
		_______		_______
			308,880		282,437

Current assets
Stocks		7,810		7,620
Debtors	7	13,111		20,109
Cash at bank and in hand		20,155		52,082
		_______		_______
		41,076		79,811
Creditors: amounts falling due
within one year	8	( 100,145)		( 113,637)
		_______		_______
Net current liabilities			( 59,069)		( 33,826)
			_______		_______
Total assets less current liabilities			249,811		248,611

Creditors: amounts falling due
after more than one year	9		( 169,466)		( 165,319)
			_______		_______
Net assets			80,345		83,292
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			80,245		83,192
			_______		_______
Shareholder funds			80,345		83,292
			_______		_______

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 October 2025 , and are signed on behalf of the board by:

Mr C Roberts

Director

Company registration number: 6824087

Hayman Joinery Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Whiteoaks Court, Davids Lane, Ivybridge, Devon, PL21 0DW.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 9 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	2,632	22,390
	_______	_______
Tax on profit	2,632	22,390
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024	248,627	74,400	26,655	7,726	357,408
Additions	381	-	25,637	15,000	41,018
Disposals	-	-	-	( 7,726)	( 7,726)
	_______	_______	_______	_______	_______
At 30 April 2025	249,008	74,400	52,292	15,000	390,700
	_______	_______	_______	_______	_______
Depreciation
At 1 May 2024	483	49,185	18,716	6,587	74,971
Charge for the year	2,970	5,043	3,861	1,693	13,567
Disposals	-	-	-	( 6,718)	( 6,718)
	_______	_______	_______	_______	_______
At 30 April 2025	3,453	54,228	22,577	1,562	81,820
	_______	_______	_______	_______	_______
Carrying amount
At 30 April 2025	245,555	20,172	29,715	13,438	308,880
	_______	_______	_______	_______	_______
At 30 April 2024	248,144	25,215	7,939	1,139	282,437
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	9,958	10,397
Other debtors	3,153	9,712
	_______	_______
	13,111	20,109
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	26,416	26,416
Trade creditors	15,011	20,743
Corporation tax	2,632	22,390
Social security and other taxes	8,574	3,032
Other creditors	47,512	41,056
	_______	_______
	100,145	113,637
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	151,873	165,319
Other creditors	17,593	-
	_______	_______
	169,466	165,319
	_______	_______

10. Directors advances, credits and guarantees

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

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr C Roberts	( 12,463)	33,909	( 40,200)	( 18,754)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr C Roberts	( 8,955)	36,518	( 40,025)	(12,462)
		_______	_______	_______	_______

The director has loaned the company £18,753.90 at the year date which is interest free and due in less than one year.