HALCYON INTERIORS LIMITED

HALCYON INTERIORS LIMITED - Company Information

2021-04-012022-03-312022-03-31false05453335HALCYON INTERIORS LIMITED2022-09-22iso4217:GBPxbrli:pure054533352021-04-01054533352022-03-31054533352021-04-012022-03-31054533352020-04-01054533352021-03-31054533352020-04-012021-03-3105453335bus:SmallEntities2021-04-012022-03-3105453335bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3105453335bus:AbridgedAccounts2021-04-012022-03-3105453335bus:PrivateLimitedCompanyLtd2021-04-012022-03-3105453335core:WithinOneYear2022-03-3105453335core:AfterOneYear2022-03-3105453335core:WithinOneYear2021-03-3105453335core:AfterOneYear2021-03-3105453335core:ShareCapital2022-03-3105453335core:SharePremium2022-03-3105453335core:RevaluationReserve2022-03-3105453335core:OtherReservesSubtotal2022-03-3105453335core:RetainedEarningsAccumulatedLosses2022-03-3105453335core:ShareCapital2021-03-3105453335core:SharePremium2021-03-3105453335core:RevaluationReserve2021-03-3105453335core:OtherReservesSubtotal2021-03-3105453335core:RetainedEarningsAccumulatedLosses2021-03-3105453335core:LandBuildings2022-03-3105453335core:PlantMachinery2022-03-3105453335core:Vehicles2022-03-3105453335core:FurnitureFittings2022-03-3105453335core:OfficeEquipment2022-03-3105453335core:NetGoodwill2022-03-3105453335core:IntangibleAssetsOtherThanGoodwill2022-03-3105453335core:ListedExchangeTraded2022-03-3105453335core:UnlistedNon-exchangeTraded2022-03-3105453335core:LandBuildings2021-03-3105453335core:PlantMachinery2021-03-3105453335core:Vehicles2021-03-3105453335core:FurnitureFittings2021-03-3105453335core:OfficeEquipment2021-03-3105453335core:NetGoodwill2021-03-3105453335core:IntangibleAssetsOtherThanGoodwill2021-03-3105453335core:ListedExchangeTraded2021-03-3105453335core:UnlistedNon-exchangeTraded2021-03-3105453335core:LandBuildings2021-04-012022-03-3105453335core:PlantMachinery2021-04-012022-03-3105453335core:Vehicles2021-04-012022-03-3105453335core:FurnitureFittings2021-04-012022-03-3105453335core:OfficeEquipment2021-04-012022-03-3105453335core:NetGoodwill2021-04-012022-03-3105453335core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3105453335core:ListedExchangeTraded2021-04-012022-03-3105453335core:UnlistedNon-exchangeTraded2021-04-012022-03-3105453335core:MoreThanFiveYears2021-04-012022-03-3105453335core:Non-currentFinancialInstruments2022-03-3105453335core:Non-currentFinancialInstruments2021-03-3105453335dpl:CostSales2021-04-012022-03-3105453335dpl:DistributionCosts2021-04-012022-03-3105453335dpl:AdministrativeExpenses2021-04-012022-03-3105453335core:LandBuildings2021-04-012022-03-3105453335core:PlantMachinery2021-04-012022-03-3105453335core:Vehicles2021-04-012022-03-3105453335core:FurnitureFittings2021-04-012022-03-3105453335core:OfficeEquipment2021-04-012022-03-3105453335core:NetGoodwill2021-04-012022-03-3105453335core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3105453335dpl:GroupUndertakings2021-04-012022-03-3105453335dpl:ParticipatingInterests2021-04-012022-03-3105453335dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3105453335core:ListedExchangeTraded2021-04-012022-03-3105453335dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3105453335core:UnlistedNon-exchangeTraded2021-04-012022-03-3105453335dpl:CostSales2020-04-012021-03-3105453335dpl:DistributionCosts2020-04-012021-03-3105453335dpl:AdministrativeExpenses2020-04-012021-03-3105453335core:LandBuildings2020-04-012021-03-3105453335core:PlantMachinery2020-04-012021-03-3105453335core:Vehicles2020-04-012021-03-3105453335core:FurnitureFittings2020-04-012021-03-3105453335core:OfficeEquipment2020-04-012021-03-3105453335core:NetGoodwill2020-04-012021-03-3105453335core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3105453335dpl:GroupUndertakings2020-04-012021-03-3105453335dpl:ParticipatingInterests2020-04-012021-03-3105453335dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3105453335core:ListedExchangeTraded2020-04-012021-03-3105453335dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3105453335core:UnlistedNon-exchangeTraded2020-04-012021-03-3105453335core:NetGoodwill2022-03-3105453335core:IntangibleAssetsOtherThanGoodwill2022-03-3105453335core:LandBuildings2022-03-3105453335core:PlantMachinery2022-03-3105453335core:Vehicles2022-03-3105453335core:FurnitureFittings2022-03-3105453335core:OfficeEquipment2022-03-3105453335core:AfterOneYear2022-03-3105453335core:WithinOneYear2022-03-3105453335core:ListedExchangeTraded2022-03-3105453335core:UnlistedNon-exchangeTraded2022-03-3105453335core:ShareCapital2022-03-3105453335core:SharePremium2022-03-3105453335core:RevaluationReserve2022-03-3105453335core:OtherReservesSubtotal2022-03-3105453335core:RetainedEarningsAccumulatedLosses2022-03-3105453335core:NetGoodwill2021-03-3105453335core:IntangibleAssetsOtherThanGoodwill2021-03-3105453335core:LandBuildings2021-03-3105453335core:PlantMachinery2021-03-3105453335core:Vehicles2021-03-3105453335core:FurnitureFittings2021-03-3105453335core:OfficeEquipment2021-03-3105453335core:AfterOneYear2021-03-3105453335core:WithinOneYear2021-03-3105453335core:ListedExchangeTraded2021-03-3105453335core:UnlistedNon-exchangeTraded2021-03-3105453335core:ShareCapital2021-03-3105453335core:SharePremium2021-03-3105453335core:RevaluationReserve2021-03-3105453335core:OtherReservesSubtotal2021-03-3105453335core:RetainedEarningsAccumulatedLosses2021-03-3105453335core:NetGoodwill2020-04-0105453335core:IntangibleAssetsOtherThanGoodwill2020-04-0105453335core:LandBuildings2020-04-0105453335core:PlantMachinery2020-04-0105453335core:Vehicles2020-04-0105453335core:FurnitureFittings2020-04-0105453335core:OfficeEquipment2020-04-0105453335core:AfterOneYear2020-04-0105453335core:WithinOneYear2020-04-0105453335core:ListedExchangeTraded2020-04-0105453335core:UnlistedNon-exchangeTraded2020-04-0105453335core:ShareCapital2020-04-0105453335core:SharePremium2020-04-0105453335core:RevaluationReserve2020-04-0105453335core:OtherReservesSubtotal2020-04-0105453335core:RetainedEarningsAccumulatedLosses2020-04-0105453335core:AfterOneYear2021-04-012022-03-3105453335core:WithinOneYear2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:CostValuation2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3105453335core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3105453335core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3105453335core:Non-currentFinancialInstrumentscore:CostValuation2021-03-3105453335core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-03-3105453335core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-03-3105453335bus:Director12021-04-012022-03-3105453335bus:Director22021-04-012022-03-3105453335bus:Director32021-04-012022-03-3105453335bus:Director42021-04-012022-03-31

Registered Number
05453335
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

HALCYON INTERIORS LIMITED

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	GOBEL, Martin
	GOBEL, Stephen
	GOBEL, Susan
	PAXTON, Rebecca Sarah


Registered Address	509 Uxbridge Road
	Pinner
	HA5 4JS


Registered Number	05453335 (England and Wales)

HALCYON INTERIORS LIMITED

Balance Sheet as at
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Intangible assets	6		1		1
Tangible assets	7		51,540		7,594
			51,541		7,595
Current assets
Stocks		305,662		144,851
Debtors		132,572		24,987
Cash at bank and on hand		244,104		415,969
		682,338		585,807
Creditors amounts falling due within one year	9	(770,878)		(714,407)
Net current assets (liabilities)			(88,540)		(128,600)
Total assets less current liabilities			(36,999)		(121,005)
Creditors amounts falling due after one year	10		(32,500)		(42,500)
Provisions for liabilities			(8,812)		-
Net assets			(78,311)		(163,505)
Capital and reserves
Called up share capital			220		220
Profit and loss account			(78,531)		(163,725)
Shareholders' funds			(78,311)		(163,505)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 22 September 2022, and are signed on its behalf by:

GOBEL, Martin
Director
Registered Company No. 05453335

HALCYON INTERIORS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activities of the Company is that of Kitchen designers and installers.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in pound 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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied
and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have
transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured
reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred
or to be incurred in respect of the transactions can be measured reliably.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Intangible assets policy
	Goodwill is amortised over its useful life of 10 years.

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government grants are recognised in the period to which they relate.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	Employee information


		2022		2021
	Average number of employees during the year	12		12

6.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 21	375,000
	At 31 March 22	375,000
	Amortisation and impairment
	At 01 April 21	374,999
	At 31 March 22	374,999
	Net book value
	At 31 March 22	1
	At 31 March 21	1

7.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 April 21	117,701
	Additions	64,412
	Disposals	(34,901)
	At 31 March 22	147,211
	Depreciation and impairment
	At 01 April 21	110,107
	Charge for year	20,262
	On disposals	(34,697)
	At 31 March 22	95,671
	Net book value
	At 31 March 22	51,540
	At 31 March 21	7,594

8.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	33,620	13,099
Other debtors	29,475	3,546
Prepayments and accrued income	69,477	8,342
Total	132,572	24,987


	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.

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.

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	337,547	185,491
Bank borrowings and overdrafts	10,000	7,500
Taxation and social security	115,222	205,461
Other creditors	302,110	302,485
Accrued liabilities and deferred income	5,999	13,470
Total	770,878	714,407


	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.

10.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	32,500	42,500
Total	32,500	42,500