Hayes Financial Ltd - Accounts

Hayes Financial Ltd - Accounts

HAYES FINANCIAL LTD - Company Information

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Registered Number: 12716900
England and Wales

 

 

 

HAYES FINANCIAL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2021

End date: 31 March 2022

Hayes Financial Ltd
Contents Page
For the period ended 31 March 2022
 
 		 Notes
 		 2022
£		   2021
£
Current assets      
Debtors 100    100 
Cash at bank and in hand 17,630    18,695 
17,730    18,795 
Creditors: amount falling due within one year (9,490)   (7,650)
Net current assets 8,240    11,145 
 
Total assets less current liabilities 8,240    11,145 
Net assets 8,240    11,145 
 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 8,140    11,045 
Shareholder's funds 8,240    11,145 
 


For the period ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 16 June 2023 and were signed on its behalf by:


Atul DUGGAL
Director
1
General Information
Hayes Financial Ltd is a private company, limited by shares, registered in England and Wales, registration number 12716900, registration address 26 Hayes End Drive, Hayes, Middlesex, UB4 8HD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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 balance sheet 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.
2.

Average number of employees

Average number of employees during the period was 0 (2021 : 0).
3.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

2