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REGISTERED NUMBER: 04652939 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Hyde Associates Limited

Hyde Associates Limited (Registered number: 04652939)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hyde Associates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs J A Hyde





SECRETARY: Mrs J A Hyde





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: 04652939 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Hyde Associates Limited (Registered number: 04652939)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,938 6,571

CURRENT ASSETS
Debtors 5 26,905 2,963
Cash at bank 41,910 101,939
68,815 104,902
CREDITORS
Amounts falling due within one year 6 39,816 53,921
NET CURRENT ASSETS 28,999 50,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,937

57,552

CREDITORS
Amounts falling due after more than one year 7 (14,163 ) (24,164 )

PROVISIONS FOR LIABILITIES (748 ) (1,333 )
NET ASSETS 18,026 32,055

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 17,926 31,955
SHAREHOLDERS' FUNDS 18,026 32,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hyde Associates Limited (Registered number: 04652939)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





Mrs J A Hyde - Director


Hyde Associates Limited (Registered number: 04652939)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hyde Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover comprises the value of commissions received provided in the normal course of business. Revenue is recognised when the services have been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures & equipment - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hyde Associates Limited (Registered number: 04652939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,621 20,942 29,673 64,236
Additions - - 925 925
Disposals (1,743 ) (8,507 ) (7,121 ) (17,371 )
At 31 December 2023 11,878 12,435 23,477 47,790
DEPRECIATION
At 1 January 2023 13,621 17,351 26,693 57,665
Charge for year - 1,084 2,474 3,558
Eliminated on disposal (1,743 ) (8,507 ) (7,121 ) (17,371 )
At 31 December 2023 11,878 9,928 22,046 43,852
NET BOOK VALUE
At 31 December 2023 - 2,507 1,431 3,938
At 31 December 2022 - 3,591 2,980 6,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 990 2,635
Other debtors 25,915 328
26,905 2,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,001 10,006
Trade creditors 216 -
Taxation and social security 227 11,291
Other creditors 29,372 32,624
39,816 53,921

Hyde Associates Limited (Registered number: 04652939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,163 24,164

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs J A Hyde
Balance outstanding at start of year (1,367 ) -
Amounts advanced 25,895 32,224
Amounts repaid - (33,591 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,528 (1,367 )