Company Registration No. 03725794 (England and Wales)
Heywire Limited
Unaudited accounts
for the year ended 31 December 2021
Heywire Limited
Unaudited accounts
Contents
Heywire Limited
Company Information
for the year ended 31 December 2021
Company Number
03725794 (England and Wales)
Registered Office
204 Winsford Avenue
Coventry
West Midlands
CV5 9NB
Accountants
PJW Accounting Limited
The Nook
Blithbury Road
Rugeley
Staffordshire
WS15 3HQ
Heywire Limited
Statement of financial position
as at 31 December 2021
Tangible assets
5,519
4,809
Cash at bank and in hand
(2,675)
28
Creditors: amounts falling due within one year
(5,195)
(16,091)
Net current liabilities
(4,422)
(3,616)
Called up share capital
600
600
Profit and loss account
497
593
Shareholders' funds
1,097
1,193
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 25 August 2022 and were signed on its behalf by
Mr S Hey
Director
Company Registration No. 03725794
Heywire Limited
Notes to the Accounts
for the year ended 31 December 2021
Heywire Limited is a private company, limited by shares, registered in England and Wales, registration number 03725794. The registered office is 204 Winsford Avenue, Coventry, West Midlands, CV5 9NB.
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:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2021
46,294
At 31 December 2021
40,775
Heywire Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
2,980
12,447
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
12,662
Taxes and social security
-
319
Loans from directors
2,808
323
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
