Hayver_Limited_31_Mar_2025_companies_house_set_of

Company registration number:

03972684

Hayver Limited

Unaudited Financial Statements for the year ended

31 March 2025

Hayver Limited

Officers and Professional Advisers

Year ended

31 March 2025

Directors	J Watson
	T Watson

Company secretary

Julie Anne Watson

Registered office

The Old Bungalow The Dell

Salters Lane

Tamworth

Staffordshire

B79 8BJ

England

Accountant	Sherlock Hynes Limited
	Accountants & Business Advisors
	11 Cedar Drive Tamworth Staffordshire B79 8QL United Kingdom

Hayver Limited

Directors' Report

Year ended

31 March 2025

The directors present their report and the unaudited

financial statements

of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:

J Watson

T Watson

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on

20 August 2025

and signed on behalf of the board by:



T Watson	J Watson
Director	Director

Hayver Limited

Report of the Accountant to the directors of Hayver Limited

Year ended

31 March 2025

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended

31 March 2025

.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Sherlock Hynes Limited

Accountants & Business Advisors

11 Cedar Drive

Tamworth

Staffordshire

B79 8QL

United Kingdom

Hayver Limited

Income Statement

Year ended

31 March 2025

		2025		2024
	Note	£		£
Turnover		513,278		501,726
Cost of sales		(325,232	)	(298,341	)
Gross profit		188,046		203,385
Administrative expenses		(226,692	)	(122,382	)
Operating (loss)/profit		(38,646	)	81,003
Other interest receivable and similar income		3,044		1,437
(Loss)/profit before tax	4	(35,602	)	82,440
Tax on (loss)/profit		(569	)	(30,273	)
(Loss)/profit for the financial year		(36,171	)	52,167

The company has no other recognised items of income or expense other than the results for the year as set out above.

Hayver Limited

Statement of Income and Retained Earnings

Year ended

31 March 2025

	2025		2024
	£		£
Retained earnings at the start of the year	379,810		384,643
(Loss)/profit for the financial year	(36,171	)	52,167
Dividends declared and paid or payable during the year	(20,000	)	(57,000	)
Retained earnings at the end of the year	323,639		379,810

Hayver Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	6	90,982		121,311
Current assets
Debtors	7	80,840		83,970
Cash at bank and in hand		206,821		272,188
		287,661		356,158
Creditors: amounts falling due within one year	8	(55,002	)	(97,657	)
Net current assets		232,659		258,501
Total assets less current liabilities		323,641		379,812
Capital and reserves
Called up share capital		2		2
Profit and loss account		323,639		379,810
Shareholders funds		323,641		379,812

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These

financial statements

were approved by the board of directors and authorised for issue on

20 August 2025

, and are signed on behalf of the board by:



T Watson	J Watson
Director	Director

Company registration number:

03972684

Hayver Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

The Old Bungalow The Dell

,

Salters Lane

,

Tamworth

,

Staffordshire

,

B79 8BJ

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	25% reducing balance
Office equipment	25% reducing balance
Motor vehicles	25% reducing balance

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

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.

4 Profit/loss before tax

Profit/loss before tax is stated after charging/(crediting):

	2025		2024
	£		£
Depreciation of tangible assets	30,329		40,436

5 Average number of employees

The average number of persons employed by the company during the year was

1

(2024:

1

).

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024 and 31 March 2025	363,707
Depreciation
At 1 April 2024	242,396
Charge	30,329
At 31 March 2025	272,725
Carrying amount
At 31 March 2025	90,982
At 31 March 2024	121,311

7 Debtors

	2025	2024
	£	£
Trade debtors	78,132	82,902
Other debtors	2,708	1,068
	80,840	83,970

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,987	-
Taxation and social security	9,767	48,360
Other creditors	40,248	49,297
	55,002	97,657

9 Directors' advances, credit and guarantees

At the balance sheet date amounts owed to the directors by the company totalled £28,673 (2024: £46,960). These amounts are interest free and repayable on demand. No guarantees, credit transactions or other arrangements requiring disclosure under section 413 of the Companies Act 2006 existed at the reporting date.