Heywire Limited - Accounts

Heywire Limited - Accounts

HEYWIRE LIMITED - Company Information

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Registered Number: 03725794
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2018

for

HEYWIRE LIMITED

Heywire Limited
Contents Page
For the year ended 31 December 2018
Director Stephen Hey
Registered Number 03725794
Registered Office 204 Winsford Avenue
Coventry
West Midlands
CV5 9NB
Accountants PJW Accounting Limited
The Nook
Blithbury Road
Rugeley
Staffordshire
WS15 3HQ
Secretary Surrinder Mangat
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 5,022    6,696 
5,022    6,696 
Current assets      
Debtors: amounts falling due within one year 3 16,396    5,837 
Cash at bank and in hand 2    (17,133)
16,398    (11,296)
Creditors: amount falling due within one year 4 (21,651)   (11,003)
Net current assets (5,253)   (22,299)
 
Total assets less current liabilities (231)   (15,603)
Net assets (231)   (15,603)
 

Capital and reserves 		     
Called up share capital 5 600    600 
Profit and loss account (831)   (16,203)
Shareholders funds (231)   (15,603)
 


For the year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year 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 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 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.
Signed on behalf of the board of director


--------------------------------
Stephen Hey
Director

Date approved by the board: 13 September 2019
2
General Information
Heywire Limited is a private company, limited by shares, registered in England and Wales, registration number 03725794, registration address 204 Winsford Avenue, Coventry, West Midlands, CV5 9NB.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
2.

Tangible fixed assets

Cost Fixtures and Fittings   Total
  £   £
At 01 January 2018 43,636    43,636 
Additions -    - 
Disposals -    - 
At 31 December 2018 43,636    43,636 
Depreciation
At 01 January 2018 36,940    36,940 
Charge for year 1,674    1,674 
On disposals -    - 
At 31 December 2018 38,614    38,614 
Net book values
Closing balance as at 31 December 2018 5,022    5,022 
Opening balance as at 01 January 2018 6,696    6,696 


3.

Debtors: amounts falling due within one year

2018
£		   2017
£
Trade Debtors 17,549    18,860 
Provision for Doubtful Debts (1,158)   (14,976)
Other Debtors 5    - 
Corporation Tax -    594 
VAT -    1,359 
16,396    5,837 

4.

Creditors: amount falling due within one year

2018
£		   2017
£
Trade Creditors 890    1,423 
Bank Loans & Overdrafts (Secured) 14,065    - 
Corporation Tax 464    - 
Accrued Expenses 700    2,000 
Other Creditors -    1 
Directors' Current Accounts 3,998    7,579 
VAT 1,534    - 
21,651    11,003 

5.

Share Capital

Allotted
2018
£		   2017
£
600 Ordinary shares of £1.00 each 600    600 
600    600 

3