Company registration number 11296789 (England and Wales)
HEYLINSMITH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HEYLINSMITH LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HEYLINSMITH LTD (REGISTERED NUMBER: 11296789)
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,586
1,698
Current assets
Debtors
4
18,198
11,825
Cash at bank and in hand
34,261
47,057
52,459
58,882
Creditors: amounts falling due within one year
5
(28,543)
(28,020)
Net current assets
23,916
30,862
Total assets less current liabilities
49,502
32,560
Creditors: amounts falling due after more than one year
6
(8,269)
-
0
Net assets
41,233
32,560
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
41,231
32,558
Total equity
41,233
32,560

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HEYLINSMITH LTD (REGISTERED NUMBER: 11296789)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 October 2023 and are signed on its behalf by:
J V Heylin-Smith
J S Heylin-Smith
Director
Director
HEYLINSMITH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Heylinsmith Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, Kent, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HEYLINSMITH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022
3,142
Additions
32,265
At 31 March 2023
35,407
Depreciation and impairment
At 1 April 2022
1,444
Depreciation charged in the year
8,377
At 31 March 2023
9,821
Carrying amount
At 31 March 2023
25,586
At 31 March 2022
1,698
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
18,198
11,825
HEYLINSMITH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,422
-
0
Taxation and social security
15,156
21,471
Other creditors
11,965
6,549
28,543
28,020

Hire purchase liabilities totalling £12,085 are secured on the assets purchased under hire purchase agreements. These balances are included in other creditors.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
8,269
-
0
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