Company Registration No. 07714496 (England and Wales)
Hayes Cars Limited
Unaudited accounts
for the year ended 31 July 2025
Hayes Cars Limited
Unaudited accounts
Contents
Hayes Cars Limited
Company Information
for the year ended 31 July 2025
Directors
Anthony Hayes
Robert Hayes
Company Number
07714496 (England and Wales)
Registered Office
C/O SWIFT ACCOUNTING & BOOKKEEPING SERVI
MARKET PLACE
BIDEFORD
DEVON
EX39 2DS
ENGLAND
Accountants
Swift Accounting & Bookkeeping Services Ltd
Ground Floor
The Custom House
The Strand
Barnstaple
Devon
EX31 1EU
Hayes Cars Limited
Statement of financial position
as at 31 July 2025
Tangible assets
4,322
5,801
Inventories
310,675
316,195
Cash at bank and in hand
46,924
39,396
Creditors: amounts falling due within one year
(60,281)
(71,855)
Net current assets
304,403
292,456
Total assets less current liabilities
308,725
298,257
Creditors: amounts falling due after more than one year
-
(8,334)
Provisions for liabilities
Net assets
307,904
288,821
Called up share capital
2
2
Profit and loss account
307,902
288,819
Shareholders' funds
307,904
288,821
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by
Anthony Hayes
Director
Company Registration No. 07714496
Hayes Cars Limited
Notes to the Accounts
for the year ended 31 July 2025
Hayes Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 07714496. The registered office is C/O SWIFT ACCOUNTING & BOOKKEEPING SERVI, MARKET PLACE, BIDEFORD, DEVON, EX39 2DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years Straight Line
Computer equipment
3 Years Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Hayes Cars Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
6,900
498
4,408
11,806
At 31 July 2025
6,900
498
4,408
11,806
At 1 August 2024
1,380
217
4,408
6,005
Charge for the year
1,380
99
-
1,479
At 31 July 2025
2,760
316
4,408
7,484
At 31 July 2025
4,140
182
-
4,322
At 31 July 2024
5,520
281
-
5,801
Amounts falling due within one year
Accrued income and prepayments
3,825
1,220
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,334
10,000
Trade creditors
16,329
4,999
Taxes and social security
24,865
37,219
Loans from directors
213
5,745
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).