Company Registration No. SC429249 (Scotland)
Heavyweight Artwork Limited
Unaudited accounts
for the year ended 31 July 2025
Heavyweight Artwork Limited
Unaudited accounts
Contents
Heavyweight Artwork Limited
Company Information
for the year ended 31 July 2025
Directors
Ray Browne
Wendy Joshua
Company Number
SC429249 (Scotland)
Registered Office
3 Mayburn Vale
Loanhead
Midlothian
EH20 9HQ
Scotland
Accountants
Green Shoots Accountancy Services Ltd
Kilspindie House
38 Market Street
Haddington
East Lothian
EH41 3JE
Heavyweight Artwork Limited
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
11,763
17,406
Creditors: amounts falling due within one year
(20,095)
(17,005)
Net current assets
783
9,837
Called up share capital
10
10
Profit and loss account
772
10,711
Shareholders' funds
782
10,721
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by
Ray Browne
Director
Company Registration No. SC429249
Heavyweight Artwork Limited
Notes to the Accounts
for the year ended 31 July 2025
Heavyweight Artwork Limited is a private company, limited by shares, registered in Scotland, registration number SC429249. The registered office is 3 Mayburn Vale, Loanhead, Midlothian, EH20 9HQ, Scotland.
2
Compliance with accounting standards
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates 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.
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:
Plant & machinery
4 years straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Heavyweight Artwork Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
3,686
3,539
7,225
At 31 July 2025
3,686
3,539
7,225
At 1 August 2024
3,686
2,655
6,341
Charge for the year
-
885
885
At 31 July 2025
3,686
3,540
7,226
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
16,389
16,180
Loans from directors
3,217
235
Heavyweight Artwork Limited
Notes to the Accounts
for the year ended 31 July 2025
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).