Company registration number 07804479 (England and Wales)
Haskell and Reddy Limited
Unaudited financial statements
For the year ended 31 May 2025
Haskell and Reddy Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Haskell and Reddy Limited
Statement of financial position
As at 31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
5
88,845
88,230
Current assets
Debtors
6
16,962
5,678
Cash at bank and in hand
100,493
207,264
117,455
212,942
Creditors: amounts falling due within one year
7
(25,245)
(41,802)
Net current assets
92,210
171,140
Net assets
181,055
259,370
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
180,955
259,270
Total equity
181,055
259,370

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 December 2025 and are signed on its behalf by:
Dr R Haskell
Dr J Reddy
Director
Director
Company registration number 07804479 (England and Wales)
Haskell and Reddy Limited
Notes to the financial statements
For the year ended 31 May 2025
- 2 -
1
Accounting policies
Company information

Haskell and Reddy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pall Mall Dental Limited, 10 Pall Mall, Hanley, Stoke-on-Trent, Staffordshire, England, ST1 1ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33.33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Haskell and Reddy Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Haskell and Reddy Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Haskell and Reddy Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 and 31 May 2025
1,503
Depreciation and impairment
At 1 June 2024 and 31 May 2025
1,503
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
80,746
80,746
Other investments other than loans
8,099
7,484
88,845
88,230
Haskell and Reddy Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 June 2024
80,746
7,484
88,230
Valuation changes
-
615
615
At 31 May 2025
80,746
8,099
88,845
Carrying amount
At 31 May 2025
80,746
8,099
88,845
At 31 May 2024
80,746
7,484
88,230
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
16,962
5,678
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
18,934
37,157
Corporation tax
6,311
4,645
25,245
41,802
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
-
(5,478)
228,001
(239,216)
(16,693)
(5,478)
228,001
(239,216)
(16,693)
2025-05-31 2024-06-01 false false false 15 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Dr R Haskell Dr J Reddy 07804479 2024-06-01 2025-05-31 07804479 2025-05-31 07804479 2024-05-31 07804479 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 07804479 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07804479 core:CurrentFinancialInstruments 2025-05-31 07804479 core:CurrentFinancialInstruments 2024-05-31 07804479 core:ShareCapital 2025-05-31 07804479 core:ShareCapital 2024-05-31 07804479 core:RetainedEarningsAccumulatedLosses 2025-05-31 07804479 core:RetainedEarningsAccumulatedLosses 2024-05-31 07804479 bus:Director1 2024-06-01 2025-05-31 07804479 bus:Director2 2024-06-01 2025-05-31 07804479 core:PlantMachinery 2024-06-01 2025-05-31 07804479 2023-06-01 2024-05-31 07804479 core:OtherPropertyPlantEquipment 2024-05-31 07804479 core:OtherPropertyPlantEquipment 2025-05-31 07804479 core:OtherPropertyPlantEquipment 2024-05-31 07804479 core:Non-currentFinancialInstruments 2025-05-31 07804479 core:Non-currentFinancialInstruments 2024-05-31 07804479 2024-05-31 07804479 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07804479 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 07804479 bus:FRS102 2024-06-01 2025-05-31 07804479 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 07804479 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP