REGISTERED NUMBER: 02352480 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HEADFAST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

D J McDonald

SECRETARY:

M McDonald

REGISTERED OFFICE:

3 Northmill

Summerleys Road

Princes Risborough

Buckinghamshire

HP17 9PU

REGISTERED NUMBER:

02352480 (England and Wales)

ACCOUNTANTS:

Beacons

Chartered Accountants

30 High Street

Wendover

Buckinghamshire

HP22 6EA

FIXED ASSETS

Tangible assets

4

5,242

6,153

CURRENT ASSETS

Stocks

27,500

29,100

Debtors

5

26,564

23,318

Cash at bank

439

12,351

54,503

64,769

CREDITORS

Amounts falling due within one year

6

147,005

100,740

NET CURRENT LIABILITIES

(92,502

)

(35,971

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(87,260

)

(29,818

)

CREDITORS

Amounts falling due after more than one year

7

3,597

27,578

NET LIABILITIES

(90,857

)

(57,396

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(90,957

)

(57,496

)

SHAREHOLDERS' FUNDS

(90,857

)

(57,396

)

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 31 December 2025 and were signed by:

D J McDonald - Director

1.	STATUTORY INFORMATION

Headfast 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.

Turnover

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

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

Fixtures and fittings

-

20% 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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

94,595

28,239

22,993

831

146,658

Additions

608

-

-

165

773

At 31 March 2025

95,203

28,239

22,993

996

147,431

DEPRECIATION

At 1 April 2024

92,813

27,238

19,691

763

140,505

Charge for year

598

201

885

-

1,684

At 31 March 2025

93,411

27,439

20,576

763

142,189

NET BOOK VALUE

At 31 March 2025

1,792

800

2,417

233

5,242

At 31 March 2024

1,782

1,001

3,302

68

6,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,583

13,582

Other debtors

23,981

9,736

26,564

23,318

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

33,337

-

Trade creditors

9,379

20,866

Taxation and social security

89,740

64,136

Other creditors

14,549

15,738

147,005

100,740

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,597

27,578

8.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

-

At 31 March 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £90,010 (2024: £150,014).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D J McDonald.

The ultimate controlling party is D J McDonald.

10.	GOING CONCERN

The company's ability to continue to trade is dependent upon the continued support of its creditors.

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Beacons

Chartered Accountants

30 High Street

Wendover

Buckinghamshire

HP22 6EA

31 December 2025