REGISTERED NUMBER: 07175680 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Hailes Abbey Joinery Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M A Izzard

SECRETARY:

Mrs S Izzard

REGISTERED OFFICE:

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

REGISTERED NUMBER:

07175680 (England and Wales)

ACCOUNTANTS:

Bennett Stock Limited

Suite 1, LIberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Tangible assets

4

87,138

116,186

CURRENT ASSETS

Stocks

575

575

Debtors

5

4,514

107,697

Cash at bank

94,457

113,044

99,546

221,316

CREDITORS

Amounts falling due within one year

6

36,861

77,388

NET CURRENT ASSETS

62,685

143,928

TOTAL ASSETS LESS CURRENT LIABILITIES

149,823

260,114

CREDITORS

Amounts falling due after more than one year

7

(13,750

)

(21,250

)

PROVISIONS FOR LIABILITIES

(15,991

)

(21,886

)

NET ASSETS

120,082

216,978

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

119,982

216,878

SHAREHOLDERS' FUNDS

120,082

216,978

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 director acknowledges his 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 director and authorised for issue on 10 December 2025 and were signed by:

M A Izzard - Director

1.	STATUTORY INFORMATION

Hailes Abbey Joinery 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.

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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

249,215

70,049

2,082

321,346

DEPRECIATION

At 1 April 2024

163,432

40,805

923

205,160

Charge for year

21,447

7,311

290

29,048

At 31 March 2025

184,879

48,116

1,213

234,208

NET BOOK VALUE

At 31 March 2025

64,336

21,933

869

87,138

At 31 March 2024

85,783

29,244

1,159

116,186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

88,447

Other debtors

4,514

19,250

4,514

107,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,500

7,500

Trade creditors

5,146

5

Taxation and social security

22,409

61,045

Other creditors

1,806

8,838

36,861

77,388

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

13,750

21,250

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr M Izzard

Director

2025

2024

Dividends

49,600

54,400

Rent charged for business premises

7,200

7,200

Capital introduced/(withdrawn)

(103

)

559

At the year end, the company owed the director £463 (2024 - £567).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Izzard.