HEYWIRE LIMITED

2022-01-012022-12-312022-12-31false03725794HEYWIRE LIMITED2023-06-2362090iso4217:GBPxbrli:pure037257942022-01-01037257942022-12-31037257942022-01-012022-12-31037257942021-01-01037257942021-12-31037257942021-01-012021-12-3103725794bus:SmallEntities2022-01-012022-12-3103725794bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3103725794bus:FullAccounts2022-01-012022-12-3103725794bus:PrivateLimitedCompanyLtd2022-01-012022-12-3103725794core:WithinOneYear2022-12-3103725794core:AfterOneYear2022-12-3103725794core:WithinOneYear2021-12-3103725794core:AfterOneYear2021-12-3103725794core:ShareCapital2022-12-3103725794core:SharePremium2022-12-3103725794core:RevaluationReserve2022-12-3103725794core:OtherReservesSubtotal2022-12-3103725794core:RetainedEarningsAccumulatedLosses2022-12-3103725794core:ShareCapital2021-12-3103725794core:SharePremium2021-12-3103725794core:RevaluationReserve2021-12-3103725794core:OtherReservesSubtotal2021-12-3103725794core:RetainedEarningsAccumulatedLosses2021-12-3103725794core:LandBuildings2022-12-3103725794core:PlantMachinery2022-12-3103725794core:Vehicles2022-12-3103725794core:FurnitureFittings2022-12-3103725794core:OfficeEquipment2022-12-3103725794core:NetGoodwill2022-12-3103725794core:IntangibleAssetsOtherThanGoodwill2022-12-3103725794core:ListedExchangeTraded2022-12-3103725794core:UnlistedNon-exchangeTraded2022-12-3103725794core:LandBuildings2021-12-3103725794core:PlantMachinery2021-12-3103725794core:Vehicles2021-12-3103725794core:FurnitureFittings2021-12-3103725794core:OfficeEquipment2021-12-3103725794core:NetGoodwill2021-12-3103725794core:IntangibleAssetsOtherThanGoodwill2021-12-3103725794core:ListedExchangeTraded2021-12-3103725794core:UnlistedNon-exchangeTraded2021-12-3103725794core:LandBuildings2022-01-012022-12-3103725794core:PlantMachinery2022-01-012022-12-3103725794core:Vehicles2022-01-012022-12-3103725794core:FurnitureFittings2022-01-012022-12-3103725794core:OfficeEquipment2022-01-012022-12-3103725794core:NetGoodwill2022-01-012022-12-3103725794core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3103725794core:ListedExchangeTraded2022-01-012022-12-3103725794core:UnlistedNon-exchangeTraded2022-01-012022-12-3103725794core:MoreThanFiveYears2022-01-012022-12-3103725794core:Non-currentFinancialInstruments2022-12-3103725794core:Non-currentFinancialInstruments2021-12-3103725794dpl:CostSales2022-01-012022-12-3103725794dpl:DistributionCosts2022-01-012022-12-3103725794dpl:AdministrativeExpenses2022-01-012022-12-3103725794core:LandBuildings2022-01-012022-12-3103725794core:PlantMachinery2022-01-012022-12-3103725794core:Vehicles2022-01-012022-12-3103725794core:FurnitureFittings2022-01-012022-12-3103725794core:OfficeEquipment2022-01-012022-12-3103725794core:NetGoodwill2022-01-012022-12-3103725794core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3103725794dpl:GroupUndertakings2022-01-012022-12-3103725794dpl:ParticipatingInterests2022-01-012022-12-3103725794dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3103725794core:ListedExchangeTraded2022-01-012022-12-3103725794dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3103725794core:UnlistedNon-exchangeTraded2022-01-012022-12-3103725794dpl:CostSales2021-01-012021-12-3103725794dpl:DistributionCosts2021-01-012021-12-3103725794dpl:AdministrativeExpenses2021-01-012021-12-3103725794core:LandBuildings2021-01-012021-12-3103725794core:PlantMachinery2021-01-012021-12-3103725794core:Vehicles2021-01-012021-12-3103725794core:FurnitureFittings2021-01-012021-12-3103725794core:OfficeEquipment2021-01-012021-12-3103725794core:NetGoodwill2021-01-012021-12-3103725794core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3103725794dpl:GroupUndertakings2021-01-012021-12-3103725794dpl:ParticipatingInterests2021-01-012021-12-3103725794dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3103725794core:ListedExchangeTraded2021-01-012021-12-3103725794dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3103725794core:UnlistedNon-exchangeTraded2021-01-012021-12-3103725794core:NetGoodwill2022-12-3103725794core:IntangibleAssetsOtherThanGoodwill2022-12-3103725794core:LandBuildings2022-12-3103725794core:PlantMachinery2022-12-3103725794core:Vehicles2022-12-3103725794core:FurnitureFittings2022-12-3103725794core:OfficeEquipment2022-12-3103725794core:AfterOneYear2022-12-3103725794core:WithinOneYear2022-12-3103725794core:ListedExchangeTraded2022-12-3103725794core:UnlistedNon-exchangeTraded2022-12-3103725794core:ShareCapital2022-12-3103725794core:SharePremium2022-12-3103725794core:RevaluationReserve2022-12-3103725794core:OtherReservesSubtotal2022-12-3103725794core:RetainedEarningsAccumulatedLosses2022-12-3103725794core:NetGoodwill2021-12-3103725794core:IntangibleAssetsOtherThanGoodwill2021-12-3103725794core:LandBuildings2021-12-3103725794core:PlantMachinery2021-12-3103725794core:Vehicles2021-12-3103725794core:FurnitureFittings2021-12-3103725794core:OfficeEquipment2021-12-3103725794core:AfterOneYear2021-12-3103725794core:WithinOneYear2021-12-3103725794core:ListedExchangeTraded2021-12-3103725794core:UnlistedNon-exchangeTraded2021-12-3103725794core:ShareCapital2021-12-3103725794core:SharePremium2021-12-3103725794core:RevaluationReserve2021-12-3103725794core:OtherReservesSubtotal2021-12-3103725794core:RetainedEarningsAccumulatedLosses2021-12-3103725794core:NetGoodwill2021-01-0103725794core:IntangibleAssetsOtherThanGoodwill2021-01-0103725794core:LandBuildings2021-01-0103725794core:PlantMachinery2021-01-0103725794core:Vehicles2021-01-0103725794core:FurnitureFittings2021-01-0103725794core:OfficeEquipment2021-01-0103725794core:AfterOneYear2021-01-0103725794core:WithinOneYear2021-01-0103725794core:ListedExchangeTraded2021-01-0103725794core:UnlistedNon-exchangeTraded2021-01-0103725794core:ShareCapital2021-01-0103725794core:SharePremium2021-01-0103725794core:RevaluationReserve2021-01-0103725794core:OtherReservesSubtotal2021-01-0103725794core:RetainedEarningsAccumulatedLosses2021-01-0103725794core:AfterOneYear2022-01-012022-12-3103725794core:WithinOneYear2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:CostValuation2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3103725794core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3103725794core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3103725794core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3103725794core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3103725794core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3103725794bus:Director12022-01-012022-12-31

HEYWIRE LIMITED

Registered Number
03725794
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

HEYWIRE LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	HEY, Stephen John


Registered Address	204 Winsford Avenue
	Coventry
	West Midlands
	CV5 9NB


Registered Number	03725794 (England and Wales)

HEYWIRE LIMITED

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		7,264		5,518
			7,264		5,518
Current assets
Debtors		2,955		3,448
Cash at bank and on hand		1,681		28
		4,636		3,476
Creditors amounts falling due within one year	7	(6,921)		(7,897)
Net current assets (liabilities)			(2,285)		(4,421)
Total assets less current liabilities			4,979		1,097
Net assets			4,979		1,097
Capital and reserves
Called up share capital			600		600
Profit and loss account			4,379		497
Shareholders' funds			4,979		1,097

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 Director acknowledges 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.

The financial statements were approved and authorised for issue by the Director on 23 June 2023, and are signed on its behalf by:

HEY, Stephen John
Director
Registered Company No. 03725794

HEYWIRE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	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 applicable reporting framework
	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.

3.	Accounting policies

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

	Turnover policy
	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.

Turnover policy

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.

	Property, plant and equipment policy
	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:


		Reducing balance (%)
	Office Equipment	25

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 22	46,293	46,293
Additions	3,638	3,638
Disposals	(915)	(915)
At 31 December 22	49,016	49,016
Depreciation and impairment
At 01 January 22	40,775	40,775
Charge for year	1,653	1,653
On disposals	(676)	(676)
At 31 December 22	41,752	41,752
Net book value
At 31 December 22	7,264	7,264
At 31 December 21	5,518	5,518

6.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	2,715	3,448
Prepayments and accrued income	240	-
Total	2,955	3,448


	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.

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.

7.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	293	951
Bank borrowings and overdrafts	825	882
Taxation and social security	1,010	686
Other creditors	4,043	4,629
Accrued liabilities and deferred income	750	749
Total	6,921	7,897


	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.