HEYWOOD HOUSE TRADING LIMITED

HEYWOOD HOUSE TRADING LIMITED - Company Information

2022-04-012023-03-312023-03-31false07103965HEYWOOD HOUSE TRADING 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Registered Number
07103965
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

HEYWOOD HOUSE TRADING LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	GILLETT, Christopher Neal


Registered Address	C/O Mills & Reeve Llp
	24 King William Street
	London
	EC4R 9AT


Registered Number	07103965 (England and Wales)

HEYWOOD HOUSE TRADING LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		10,783		14,172
			10,783		14,172
Current assets
Debtors	6	66,225		80,836
Cash at bank and on hand		8,555		35,347
		74,780		116,183
Creditors amounts falling due within one year	7	(218,335)		(179,733)
Net current assets (liabilities)			(143,555)		(63,550)
Total assets less current liabilities			(132,772)		(49,378)
Creditors amounts falling due after one year	8		(21,685)		(32,656)
Provisions for liabilities	9		-		(270)
Net assets			(154,457)		(82,304)
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			(155,457)		(83,304)
Shareholders' funds			(154,457)		(82,304)

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 22 December 2023, and are signed on its behalf by:

GILLETT, Christopher Neal
Director
Registered Company No. 07103965

HEYWOOD HOUSE TRADING LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

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

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	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 policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

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

4.	Employee information


		2023		2022
	Average number of employees during the year	7		8

5.	Property, plant and equipment

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 22	30,231	12,379	42,610
At 31 March 23	30,231	12,379	42,610
Depreciation and impairment
At 01 April 22	17,106	11,332	28,438
Charge for year	2,813	576	3,389
At 31 March 23	19,919	11,908	31,827
Net book value
At 31 March 23	10,312	471	10,783
At 31 March 22	13,125	1,047	14,172

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	36,454	12,652
Other debtors	29,771	68,184
Total	66,225	80,836


	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

	2023	2022
	£	£
Trade creditors / trade payables	86,606	108,643
Bank borrowings and overdrafts	10,815	11,094
Taxation and social security	11,351	2,783
Other creditors	109,563	57,213
Total	218,335	179,733


	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.

8.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	21,685	32,656
Total	21,685	32,656

9.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	-	270
Total	-	270