Company registration number 13604489 (England and Wales)
HEWARD CONNECTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HEWARD CONNECTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HEWARD CONNECTIONS LIMITED (REGISTERED NUMBER: 13604489)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,167
6,667
Current assets
Debtors
4
1,285
966
Cash at bank and in hand
145
617
1,430
1,583
Creditors: amounts falling due within one year
5
(17,870)
(16,170)
Net current liabilities
(16,440)
(14,587)
Net liabilities
(12,273)
(7,920)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(12,274)
(7,921)
Total equity
(12,273)
(7,920)
The director of the company has 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 director acknowledges her 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.
The financial statements were approved and signed by the director and authorised for issue on 7 April 2025
Miss A Heward
Director
HEWARD CONNECTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Heward Connections Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 School Road, Winteringham, Scunthorpe, DN15 9NL.
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.
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 and other sales related taxes.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation 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:
Patents & licences
25% straight line
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
HEWARD CONNECTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Intangible fixed assets
Patents & licences
£
Cost
At 1 April 2023 and 31 March 2024
10,000
Amortisation and impairment
At 1 April 2023
3,333
Amortisation charged for the year
2,500
At 31 March 2024
5,833
Carrying amount
At 31 March 2024
4,167
At 31 March 2023
6,667
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,096
346
Other debtors
189
620
1,285
966
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,221
1,311
Other creditors
13,649
14,859
17,870
16,170
6
Related party transactions
Included within other creditors is an amount £2,331 (2023: £2,050) owed to connected companies.