Company Registration No. 08980470 (England and Wales)
Haywood Creative Media Ltd
Unaudited accounts
for the year ended 31 March 2023
Haywood Creative Media Ltd
Unaudited accounts
Contents
Haywood Creative Media Ltd
Company Information
for the year ended 31 March 2023
Company Number
08980470 (England and Wales)
Registered Office
10 Tawney Court
Shearwater Drive
London
Middlesex
NW9 7AH
United Kingdom
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Haywood Creative Media Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
16,859
19,231
Creditors: amounts falling due within one year
(9,525)
(9,581)
Net current assets
12,332
10,183
Called up share capital
1
1
Profit and loss account
13,049
11,139
Shareholders' funds
13,050
11,140
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 29 August 2023 and were signed on its behalf by
Mr R Haywood
Director
Company Registration No. 08980470
Haywood Creative Media Ltd
Notes to the Accounts
for the year ended 31 March 2023
Haywood Creative Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 08980470. The registered office is 10 Tawney Court, Shearwater Drive, London, Middlesex, NW9 7AH, United Kingdom.
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.
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
25% reducing balance
Short term debtors are measured at transaction price. less any impariment.Loans receivable are measured initially at fair value,net of transaction costs,and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value,net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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.
Haywood Creative Media Ltd
Notes to the Accounts
for the year ended 31 March 2023
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and
expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other
comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted
by the balance sheet date in the countries where the company operates and generates income.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,414
8,164
Loans from directors
31
337
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Transactions with related parties
Included within other creditors is an amount of £31 ( 2022:£337) owed to Mr. R Haywood, the director. There are no fixed terms of interest or repayment in respect of the balance.
During the year the company paid dividends of £33,000 ( 2022: £26,000) to the shareholder, Mr.R Haywood.
During the year under review the company was under the control of Mr.R Haywood by virtue of his majority shareholding.
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Average number of employees
During the year the average number of employees was 1 (2022: 1).