REGISTERED NUMBER: NI606466 (Northern Ireland)

HAYES FUELS (PACKAGING & DISTRIBUTION)

LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Alastair Hayes

William Hayes

Colm Kearney

REGISTERED OFFICE:

146 Pomeroy Road

Donaghmore

Dungannon

Co. Tyrone

BT70 2TY

REGISTERED NUMBER:

NI606466 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Property, plant and equipment

5

3,305,664

2,202,548

CURRENT ASSETS

Inventories

6

466,249

361,535

Receivables: amounts falling due within one year

7

536,352

1,225,027

Cash at bank

449,808

212,668

1,452,409

1,799,230

PAYABLES

Amounts falling due within one year

8

(966,329

)

(834,089

)

NET CURRENT ASSETS

486,080

965,141

TOTAL ASSETS LESS CURRENT LIABILITIES

3,791,744

3,167,689

PAYABLES

Amounts falling due after more than one year

9

(59,919

)

(172,859

)

PROVISIONS FOR LIABILITIES

(718,709

)

(523,518

)

NET ASSETS

3,013,116

2,471,312

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

3,012,916

2,471,112

3,013,116

2,471,312

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

Alastair Hayes - Director

1.	STATUTORY INFORMATION

Hayes Fuels (Packaging & Distribution) Limited is a private company limited by shares, incorporated in Northern Ireland.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Revenue

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

Property, plant and equipment and depreciation

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

Plant and machinery

-

15% reducing balance

Motor vehicles

-

20% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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 balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Leasing and hire purchases

Property, plant and equipment held under leasing arrangements which transfer substantially all the risks and rewards of ownership to the business are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2024

4,357,150

154,847

4,511,997

Additions

1,692,287

-

1,692,287

Disposals

(269,600

)

-

(269,600

)

At 30 April 2025

5,779,837

154,847

5,934,684

DEPRECIATION

At 1 May 2024

2,268,701

40,748

2,309,449

Charge for year

555,486

20,840

576,326

Eliminated on disposal

(256,755

)

-

(256,755

)

At 30 April 2025

2,567,432

61,588

2,629,020

NET BOOK VALUE

At 30 April 2025

3,212,405

93,259

3,305,664

At 30 April 2024

2,088,449

114,099

2,202,548

6.	INVENTORIES

2025

2024

£

£

Inventories

466,249

361,535

7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade receivables

51

2,200

Other receivables

681

3,350

Amounts owed by group undertakings

123,928

659,002

Prepayments and accrued income

411,692

560,475

536,352

1,225,027

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

112,938

179,235

Trade payables

488,513

253,826

Taxation and social security

153,031

257,622

Other payables

211,847

143,406

966,329

834,089

The hire purchase balances are secured against the assets to which they relate.

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Hire purchase contracts

59,919

172,859

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.