COMPANY REGISTRATION NUMBER:
15807529
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Hafod Management (Wrexham) Limited |
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|
Filleted Unaudited Financial Statements |
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Hafod Management (Wrexham) Limited |
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|
Statement of Financial Position |
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30 June 2026
Fixed assets
|
Tangible assets |
5 |
426 |
640 |
|
|
|
|
Current assets
|
Debtors |
6 |
2,567 |
5,948 |
|
Cash at bank and in hand |
14,509 |
14,940 |
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-------- |
-------- |
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17,076 |
20,888 |
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|
|
|
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Creditors: amounts falling due within one year |
7 |
10,930 |
12,884 |
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-------- |
-------- |
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Net current assets |
6,146 |
8,004 |
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------- |
------- |
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Total assets less current liabilities |
6,572 |
8,644 |
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------- |
------- |
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Net assets |
6,572 |
8,644 |
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------- |
------- |
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|
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Capital and reserves
|
Called up share capital |
100 |
100 |
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Profit and loss account |
6,472 |
8,544 |
|
------- |
------- |
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Shareholders funds |
6,572 |
8,644 |
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------- |
------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2026 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
.
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Hafod Management (Wrexham) Limited |
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Statement of Financial Position (continued) |
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30 June 2026
These financial statements were approved by the
board of directors
and authorised for issue on
18 August 2026
, and are signed on behalf of the board by:
Company registration number:
15807529
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Hafod Management (Wrexham) Limited |
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Notes to the Financial Statements |
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Year ended 30 June 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced for the supply of consultancy services during the year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Equipment |
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25% straight line |
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Financial instruments
"The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an an impairment loss is recognised in the statement of Income and Retained Earnings."
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2025:
2
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 July 2025 and 30 June 2026 |
854 |
|
---- |
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Depreciation |
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At 1 July 2025 |
214 |
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Charge for the year |
214 |
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---- |
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At 30 June 2026 |
428 |
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---- |
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Carrying amount |
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At 30 June 2026 |
426 |
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---- |
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At 30 June 2025 |
640 |
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---- |
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6.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Trade debtors |
2,501 |
5,869 |
|
Other debtors |
66 |
79 |
|
------- |
------- |
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2,567 |
5,948 |
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------- |
------- |
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7.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
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Trade creditors |
113 |
– |
|
Social security and other taxes |
1,628 |
5,063 |
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Other creditors |
9,189 |
7,821 |
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-------- |
-------- |
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10,930 |
12,884 |
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-------- |
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8.
Directors' advances, credits and guarantees
The directors operated a loan account with the company, the opening balance of £7,087 (2025 £0.00), movement of £1,287 and the closing balance of £8,374 (2025 £7,087) in credit.