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REGISTERED NUMBER: 09413337 (England and Wales)















HEYWARD GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023






HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


HEYWARD GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







Directors: M R Heyward
Y Heyward
B C Winter





Registered office: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





Registered number: 09413337 (England and Wales)





Accountants: Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HEYWARD GROUP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Heyward Group Limited for the year ended 31st March 2023 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Heyward Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Heyward Group Limited and state those matters that we have agreed to state to the Board of Directors of Heyward Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Heyward Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Heyward Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Heyward Group Limited. You consider that Heyward Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Heyward Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


8th November 2023

HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 3,015 5,582
Property, plant and equipment 6 2,196 2,363
5,211 7,945

CURRENT ASSETS
Debtors 7 151,225 45,794
Cash at bank 47,782 113,062
199,007 158,856
CREDITORS
Amounts falling due within one year 8 (136,506 ) (79,923 )
NET CURRENT ASSETS 62,501 78,933
TOTAL ASSETS LESS CURRENT LIABILITIES 67,712 86,878

CREDITORS
Amounts falling due after more than
one year

9

(24,167

)

(34,167

)
NET ASSETS 43,545 52,711

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 43,543 52,709
SHAREHOLDERS' FUNDS 43,545 52,711

HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





M R Heyward - Director


HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Heyward Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition
Revenue is recognised when goods have been delivered and services supplied to customers such that risks and rewards of ownership have transferred to them.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tax
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1st April 2022
and 31st March 2023 7,700
Amortisation
At 1st April 2022 2,118
Charge for year 2,567
At 31st March 2023 4,685
Net book value
At 31st March 2023 3,015
At 31st March 2022 5,582

HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
Cost
At 1st April 2022 7,118
Additions 1,375
At 31st March 2023 8,493
Depreciation
At 1st April 2022 4,755
Charge for year 1,542
At 31st March 2023 6,297
Net book value
At 31st March 2023 2,196
At 31st March 2022 2,363

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,770 44,666
Amounts owed by associates 75,682 1,128
Other debtors 2,773 -
151,225 45,794

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 27,680 3,663
Taxation and social security 60,911 35,572
Other creditors 37,915 30,688
136,506 79,923

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,167 34,167

HEYWARD GROUP LIMITED (REGISTERED NUMBER: 09413337)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 1
2 2