HAYES OF SYMINGTON LIMITED


Directors	HAYES, Donna Joan
	HAYES, Iona Victoria
	HAYES, Michael Richard
	HAYES, Victoria


Registered Address	Hayes Garden Land
	Tarbolten Road, Symington
	Kilmarnock
	KA1 5PD


Registered Number	SC301883 (Scotland)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		398,557		1,619,292
			398,557		1,619,292
Current assets
Stocks	5	75,168		159,955
Debtors	6	5,379		4,862
Cash at bank and on hand		1,391,543		1,513,396
		1,472,090		1,678,213
Creditors amounts falling due within one year	7	(472,857)		(541,586)
Net current assets (liabilities)			999,233		1,136,627
Total assets less current liabilities			1,397,790		2,755,919
Provisions for liabilities	8		(52,300)		(56,800)
Net assets			1,345,490		2,699,119
Capital and reserves
Called up share capital			1,160		1,160
Profit and loss account			1,344,330		2,697,959
Shareholders' funds			1,345,490		2,699,119

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 September 2026, and are signed on its behalf by:

HAYES, Michael Richard
Director
Registered Company No. SC301883

HAYES OF SYMINGTON LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors have considered the impact of a fire at the company's business premises prior to the year end, which resulted in significant damage and disruption to trading operations, as part of their going concern assessment. The view of the directors is that, while they acknowledge the temporary interruption to business activities, the costs associated with recovery, and the uncertainty surrounding the timing of a full return to normal operations, the directors feel that the company is well placed to negotiate the unique set of conditions currently facing the UK economy.

Going concern

The directors have considered the impact of a fire at the company's business premises prior to the year end, which resulted in significant damage and disruption to trading operations, as part of their going concern assessment. The view of the directors is that, while they acknowledge the temporary interruption to business activities, the costs associated with recovery, and the uncertainty surrounding the timing of a full return to normal operations, the directors feel that the company is well placed to negotiate the unique set of conditions currently facing the UK economy.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	38		41

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 25	110,000	110,000
At 31 December 25	110,000	110,000
Amortisation and impairment
At 01 January 25	110,000	110,000
At 31 December 25	110,000	110,000
Net book value
At 31 December 25	-	-
At 31 December 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 January 25	1,370,332	453,623	136,747	1,960,702
Additions	-	27,465	21,416	48,881
Disposals	(1,100,000)	(364,824)	(10,462)	(1,475,286)
At 31 December 25	270,332	116,264	147,701	534,297
Depreciation and impairment
At 01 January 25	-	267,791	73,619	341,410
Charge for year	-	9,902	14,558	24,460
On disposals	-	(224,283)	(5,847)	(230,130)
At 31 December 25	-	53,410	82,330	135,740
Net book value
At 31 December 25	270,332	62,854	65,371	398,557
At 31 December 24	1,370,332	185,832	63,128	1,619,292

5.	Stocks

	2025	2024
	£	£
Finished goods	75,168	159,955
Total	75,168	159,955

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	5,379	4,862
Total	5,379	4,862

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	74,405	80,435
Bank borrowings and overdrafts	48,136	-
Taxation and social security	67,611	163,842
Other creditors	276,705	291,447
Accrued liabilities and deferred income	6,000	5,862
Total	472,857	541,586

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	52,300	56,800
Total	52,300	56,800