Hallcyon Marketing Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC137804 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

HALLCYON MARKETING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A Hall

Mrs L A Hall

SECRETARY:

Stronachs Secretaries Limited

REGISTERED OFFICE:

28 Albyn Place

Aberdeen

AB10 1YL

REGISTERED NUMBER:

SC137804 (Scotland)

FIXED ASSETS

Tangible assets

4

-

-

CURRENT ASSETS

Debtors

5

285,016

274,691

Cash at bank

45,602

136,359

330,618

411,050

CREDITORS

Amounts falling due within one year

6

35,542

91,078

NET CURRENT ASSETS

295,076

319,972

TOTAL ASSETS LESS CURRENT LIABILITIES

295,076

319,972

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

7

290,076

314,972

SHAREHOLDERS' FUNDS

295,076

319,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2022 and were signed on its behalf by:

A Hall - Director

1.	STATUTORY INFORMATION

Hallcyon Marketing Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition

Income is recognised when goods or services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

at varying rates on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2021

and 30 April 2022

1,349

DEPRECIATION

At 1 May 2021

and 30 April 2022

1,349

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

22,701

Other debtors

285,016

251,990

285,016

274,691

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

8,020

8,492

Taxation and social security

-

5,796

Other creditors

27,522

76,790

35,542

91,078

7.

RESERVES

Retained

earnings

£

At 1 May 2021

314,972

Deficit for the year

(22,896

)

Dividends

(2,000

)

At 30 April 2022

290,076

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2022 and 30 April 2021:

2022

2021

£

£

A Hall

Balance outstanding at start of year

36,990

(10,874

)

Amounts advanced

15,285

74,838

Amounts repaid

(66,967

)

(26,974

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(14,692

)

36,990