Company registration number 11296789 (England and Wales)
HEYLINSMITH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,778
25,586
Current assets
Debtors
4
10,942
18,198
Cash at bank and in hand
29,518
34,261
40,460
52,459
Creditors: amounts falling due within one year
5
(28,528)
(28,543)
Net current assets
11,932
23,916
Total assets less current liabilities
30,710
49,502
Creditors: amounts falling due after more than one year
6
(4,452)
(8,269)
Provisions for liabilities
(3,568)
Net assets
22,690
41,233
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
22,688
41,231
Total equity
22,690
41,233
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 2024 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 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 August 2024 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 2024
- 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, England, 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
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
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.
1.4
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
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
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 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
35,407
Depreciation and impairment
At 1 April 2023
9,821
Depreciation charged in the year
6,808
At 31 March 2024
16,629
Carrying amount
At 31 March 2024
18,778
At 31 March 2023
25,586
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,942
18,198
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
852
1,422
Taxation and social security
14,147
15,156
Other creditors
13,529
11,965
28,528
28,543
HEYLINSMITH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
5
Creditors: amounts falling due within one year
(Continued)
- 5 -
Hire purchase liabilities totalling £8,269 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
2024
2023
£
£
Other creditors
4,452
8,269