HALLEY & MCKENZIE LTD

Company Registration Number:
SC597843 (Scotland)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

HALLEY & MCKENZIE LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

HALLEY & MCKENZIE LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 42,225 23,758
Total fixed assets: 42,225 23,758
Current assets
Debtors: 4 62,023 43,840
Cash at bank and in hand: 48,789 29,157
Total current assets: 110,812 72,997
Creditors: amounts falling due within one year: 5 (73,937) (51,717)
Net current assets (liabilities): 36,875 21,280
Total assets less current liabilities: 79,100 45,038
Creditors: amounts falling due after more than one year: 6 (4,806) (6,728)
Provision for liabilities: (8,023) (4,514)
Total net assets (liabilities): 66,271 33,796
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 66,269 33,794
Shareholders funds: 66,271 33,796

The notes form part of these financial statements

HALLEY & MCKENZIE LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 27 October 2023
and signed on behalf of the board by:

Name: Mr Steven Halley
Status: Director

The notes form part of these financial statements

HALLEY & MCKENZIE LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Thestage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staffrates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenueis recognised only to the extent of the expenses recognised that it is probable will be recovered

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases:Plant and equipment 20% straight lineComputers 33% straight lineMotor vehicles 25% straight line

HALLEY & MCKENZIE LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

HALLEY & MCKENZIE LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 47,797
Additions 37,442
At 31 May 2023 85,239
Depreciation
At 01 June 2022 24,039
Charge for year 18,975
At 31 May 2023 43,014
Net book value
At 31 May 2023 42,225
At 31 May 2022 23,758

HALLEY & MCKENZIE LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

Amounts falling due within one year: Trade debtors - 2023: £58,395 (2022: £40,690)Other debtors - 2023: £3,628 (2022: £3,150)

HALLEY & MCKENZIE LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year:Bank loans - 2023; £2,130 (2022: £2,130)Corporation tax - 2023: £4,680 (2022: £2,560)Other taxation and social security - 2023: £13,472 (2022: (-£67)Other creditors - 2023: £53,655 (2022: £47,094)

HALLEY & MCKENZIE LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year:Bank loans and overdrafts - 2023: £4,806 (2022: £6,728)