Silverfin false 31/03/2023 01/04/2022 31/03/2023 P Kopec 09/07/2007 23 April 2024 The principal activity of the Company during the financial year was generating marketing leads for third parties. SC327396 2023-03-31 SC327396 bus:Director1 2023-03-31 SC327396 core:CurrentFinancialInstruments 2023-03-31 SC327396 core:CurrentFinancialInstruments 2022-03-31 SC327396 2022-03-31 SC327396 core:Non-currentFinancialInstruments 2023-03-31 SC327396 core:Non-currentFinancialInstruments 2022-03-31 SC327396 core:ShareCapital 2023-03-31 SC327396 core:ShareCapital 2022-03-31 SC327396 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC327396 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC327396 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 SC327396 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-03-31 SC327396 bus:OrdinaryShareClass1 2023-03-31 SC327396 2022-04-01 2023-03-31 SC327396 bus:FullAccounts 2022-04-01 2023-03-31 SC327396 bus:SmallEntities 2022-04-01 2023-03-31 SC327396 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC327396 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC327396 bus:Director1 2022-04-01 2023-03-31 SC327396 2021-04-01 2022-03-31 SC327396 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC327396 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC327396 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC327396 (Scotland)

HELIOS OUTSOURCING (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

HELIOS OUTSOURCING (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

HELIOS OUTSOURCING (UK) LIMITED

BALANCE SHEET

AS AT 31 MARCH 2023
HELIOS OUTSOURCING (UK) LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Current assets
Debtors 3 30,050 37,629
Cash at bank and in hand 436 236
30,486 37,865
Creditors: amounts falling due within one year 4 ( 189,345) ( 217,554)
Net current liabilities (158,859) (179,689)
Total assets less current liabilities (158,859) (179,689)
Creditors: amounts falling due after more than one year 5 ( 25,500) ( 25,500)
Net liabilities ( 184,359) ( 205,189)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 184,459 ) ( 205,289 )
Total shareholder's deficit ( 184,359) ( 205,189)

For the financial 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.

Director's responsibilities:

The financial statements of Helios Outsourcing (UK) Limited (registered number: SC327396) were approved and authorised for issue by the Director on 23 April 2024. They were signed on its behalf by:

P Kopec
Director
HELIOS OUTSOURCING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
HELIOS OUTSOURCING (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Helios Outsourcing (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 25 Portland Road, Kilmarnock, KA1 2BT, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £184,359. The Company is supported through loans from Related Parties. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Related Parties will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
£ £
Amounts owed by related parties 30,050 37,629

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 6,800 6,800
Trade creditors 900 0
Amounts owed to related parties 167,376 196,755
Other taxation and social security 13,279 13,279
Other creditors 990 720
189,345 217,554

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 25,500 25,500

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts due to related parties 167,376 195,755
Amounts due from related parties 30,050 37,629