2023-01-012023-12-312023-12-31false03725794HEYWIRE LIMITED2024-08-2562090iso4217:GBPxbrli:pure037257942023-01-01037257942023-12-31037257942023-01-012023-12-31037257942022-01-01037257942022-12-31037257942022-01-012022-12-3103725794bus:SmallEntities2023-01-012023-12-3103725794bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3103725794bus:AbridgedAccounts2023-01-012023-12-3103725794bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103725794core:WithinOneYear2023-12-3103725794core:AfterOneYear2023-12-3103725794core:WithinOneYear2022-12-3103725794core:AfterOneYear2022-12-3103725794core:ShareCapital2023-12-3103725794core:SharePremium2023-12-3103725794core:RevaluationReserve2023-12-3103725794core:OtherReservesSubtotal2023-12-3103725794core:RetainedEarningsAccumulatedLosses2023-12-3103725794core:ShareCapital2022-12-3103725794core:SharePremium2022-12-3103725794core:RevaluationReserve2022-12-3103725794core:OtherReservesSubtotal2022-12-3103725794core:RetainedEarningsAccumulatedLosses2022-12-3103725794core:LandBuildings2023-12-3103725794core:PlantMachinery2023-12-3103725794core:Vehicles2023-12-3103725794core:FurnitureFittings2023-12-3103725794core:OfficeEquipment2023-12-3103725794core:NetGoodwill2023-12-3103725794core:IntangibleAssetsOtherThanGoodwill2023-12-3103725794core:ListedExchangeTraded2023-12-3103725794core:UnlistedNon-exchangeTraded2023-12-3103725794core: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:LandBuildings2023-01-012023-12-3103725794core:PlantMachinery2023-01-012023-12-3103725794core:Vehicles2023-01-012023-12-3103725794core:FurnitureFittings2023-01-012023-12-3103725794core:OfficeEquipment2023-01-012023-12-3103725794core:NetGoodwill2023-01-012023-12-3103725794core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103725794core:ListedExchangeTraded2023-01-012023-12-3103725794core:UnlistedNon-exchangeTraded2023-01-012023-12-3103725794core:MoreThanFiveYears2023-01-012023-12-3103725794core:Non-currentFinancialInstruments2023-12-3103725794core:Non-currentFinancialInstruments2022-12-3103725794dpl:CostSales2023-01-012023-12-3103725794dpl:DistributionCosts2023-01-012023-12-3103725794core:LandBuildings2023-01-012023-12-3103725794core:PlantMachinery2023-01-012023-12-3103725794core:Vehicles2023-01-012023-12-3103725794core:FurnitureFittings2023-01-012023-12-3103725794core:OfficeEquipment2023-01-012023-12-3103725794dpl:AdministrativeExpenses2023-01-012023-12-3103725794core:NetGoodwill2023-01-012023-12-3103725794core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103725794dpl:GroupUndertakings2023-01-012023-12-3103725794dpl:ParticipatingInterests2023-01-012023-12-3103725794dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3103725794core:ListedExchangeTraded2023-01-012023-12-3103725794dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3103725794core:UnlistedNon-exchangeTraded2023-01-012023-12-3103725794dpl:CostSales2022-01-012022-12-3103725794dpl:DistributionCosts2022-01-012022-12-3103725794core:LandBuildings2022-01-012022-12-3103725794core:PlantMachinery2022-01-012022-12-3103725794core:Vehicles2022-01-012022-12-3103725794core:FurnitureFittings2022-01-012022-12-3103725794core:OfficeEquipment2022-01-012022-12-3103725794dpl:AdministrativeExpenses2022-01-012022-12-3103725794core: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-exchangeTraded2022-01-012022-12-3103725794core:NetGoodwill2023-12-3103725794core:IntangibleAssetsOtherThanGoodwill2023-12-3103725794core:LandBuildings2023-12-3103725794core:PlantMachinery2023-12-3103725794core:Vehicles2023-12-3103725794core:FurnitureFittings2023-12-3103725794core:OfficeEquipment2023-12-3103725794core:AfterOneYear2023-12-3103725794core:WithinOneYear2023-12-3103725794core:ListedExchangeTraded2023-12-3103725794core:UnlistedNon-exchangeTraded2023-12-3103725794core:ShareCapital2023-12-3103725794core:SharePremium2023-12-3103725794core:RevaluationReserve2023-12-3103725794core:OtherReservesSubtotal2023-12-3103725794core:RetainedEarningsAccumulatedLosses2023-12-3103725794core: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:L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HEYWIRE LIMITED

Registered Number
03725794
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

HEYWIRE LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

HEY, Stephen John

Company Secretary

SURINDER, Mangat

Registered Address

204 Winsford Avenue
Coventry
West Midlands
CV5 9NB

Registered Number

03725794 (England and Wales)
HEYWIRE LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets310,3897,264
10,3897,264
Current assets
Debtors43,2992,955
Cash at bank and on hand3621,681
3,6614,636
Creditors amounts falling due within one year5(10,018)(6,921)
Net current assets (liabilities)(6,357)(2,285)
Total assets less current liabilities4,0324,979
Net assets4,0324,979
Capital and reserves
Called up share capital600600
Profit and loss account3,4324,379
Shareholders' funds4,0324,979
The financial statements were approved and authorised for issue by the Director on 25 August 2024, 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 2023

1.Accounting policies
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.
Statement of compliance
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.
Functional and presentation currency
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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:
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2349,016
Additions5,569
At 31 December 2354,585
Depreciation and impairment
At 01 January 2341,752
Charge for year2,444
At 31 December 2344,196
Net book value
At 31 December 2310,389
At 31 December 227,264
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables2,4602,715
Prepayments and accrued income839240
Total3,2992,955
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.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables100293
Bank borrowings and overdrafts3,053825
Taxation and social security8831,010
Other creditors5,2324,043
Accrued liabilities and deferred income750750
Total10,0186,921
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.