Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-316The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseNo description of principal activity12falsetruefalse 12435936 2023-02-01 2024-01-31 12435936 2022-02-01 2023-01-31 12435936 2024-01-31 12435936 2023-01-31 12435936 c:Director1 2023-02-01 2024-01-31 12435936 d:PlantMachinery 2023-02-01 2024-01-31 12435936 d:PlantMachinery 2024-01-31 12435936 d:PlantMachinery 2023-01-31 12435936 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435936 d:MotorVehicles 2023-02-01 2024-01-31 12435936 d:MotorVehicles 2024-01-31 12435936 d:MotorVehicles 2023-01-31 12435936 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435936 d:FurnitureFittings 2023-02-01 2024-01-31 12435936 d:FurnitureFittings 2024-01-31 12435936 d:FurnitureFittings 2023-01-31 12435936 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435936 d:ComputerEquipment 2023-02-01 2024-01-31 12435936 d:ComputerEquipment 2024-01-31 12435936 d:ComputerEquipment 2023-01-31 12435936 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435936 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435936 d:CurrentFinancialInstruments 2024-01-31 12435936 d:CurrentFinancialInstruments 2023-01-31 12435936 d:Non-currentFinancialInstruments 2024-01-31 12435936 d:Non-currentFinancialInstruments 2023-01-31 12435936 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12435936 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12435936 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12435936 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12435936 d:ShareCapital 2024-01-31 12435936 d:ShareCapital 2023-01-31 12435936 d:SharePremium 2024-01-31 12435936 d:SharePremium 2023-01-31 12435936 d:RetainedEarningsAccumulatedLosses 2024-01-31 12435936 d:RetainedEarningsAccumulatedLosses 2023-01-31 12435936 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 12435936 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12435936 d:OtherDeferredTax 2024-01-31 12435936 d:OtherDeferredTax 2023-01-31 12435936 c:FRS102 2023-02-01 2024-01-31 12435936 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12435936 c:FullAccounts 2023-02-01 2024-01-31 12435936 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12435936 2 2023-02-01 2024-01-31 12435936 6 2023-02-01 2024-01-31 12435936 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12435936










HARLYN SOLUTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
HARLYN SOLUTIONS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HARLYN SOLUTIONS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harlyn Solutions Limited for the year ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Harlyn Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Harlyn Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Harlyn Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harlyn Solutions Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Harlyn Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harlyn Solutions Limited. You consider that Harlyn Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Harlyn Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kinnair Associates Limited
 
Chartered Accountants
  
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
15 October 2024
Page 1

 
HARLYN SOLUTIONS LIMITED
REGISTERED NUMBER: 12435936

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
532,213
224,064

Investments
 5 
5,339
4,672

  
537,552
228,736

Current assets
  

Debtors: amounts falling due within one year
 6 
2,441,410
328,348

Cash at bank and in hand
 7 
2,171,260
368,151

  
4,612,670
696,499

Creditors: amounts falling due within one year
 8 
(3,007,038)
(307,276)

Net current assets
  
 
 
1,605,632
 
 
389,223

Total assets less current liabilities
  
2,143,184
617,959

Creditors: amounts falling due after more than one year
 9 
(18,214)
(28,271)

Provisions for liabilities
  

Deferred tax
 10 
(56,871)
(37,904)

  
 
 
(56,871)
 
 
(37,904)

Net assets
  
2,068,099
551,784


Capital and reserves
  

Called up share capital 
  
1
1

Share premium account
  
5,000
5,000

Profit and loss account
  
2,063,098
546,783

  
2,068,099
551,784


Page 2

 
HARLYN SOLUTIONS LIMITED
REGISTERED NUMBER: 12435936
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 October 2024.




Mr H Adamson
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Harlyn Solutions Limited is a private company (company number: 12435936) limited by shares incorporated in England and Wales. The registered office is Blyth Workspace, Commissioners Quay, Quay Road, Blyth, NE24 3AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is sterling. Monetary amounts in these financial statements are rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
12
6

Page 8

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
119,439
142,454
13,195
123,102
398,190


Additions
112,410
262,734
36,540
65,340
477,024


Disposals
-
(38,969)
-
-
(38,969)



At 31 January 2024

231,849
366,219
49,735
188,442
836,245



Depreciation


At 1 February 2023
53,892
62,983
6,879
50,372
174,126


Charge for the year on owned assets
57,972
25,871
12,428
47,123
143,394


Disposals
-
(13,488)
-
-
(13,488)



At 31 January 2024

111,864
75,366
19,307
97,495
304,032



Net book value



At 31 January 2024
119,985
290,853
30,428
90,947
532,213



At 31 January 2023
65,547
79,471
6,316
72,730
224,064


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
4,672


Additions
5,339


Disposals
(4,672)



At 31 January 2024
5,339




Page 9

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,663,085
302,660

Other debtors
25,029
23,993

Prepayments and accrued income
753,296
1,695

2,441,410
328,348



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,171,260
368,151

2,171,260
368,151



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,056
9,808

Trade creditors
1,937,884
198,261

Corporation tax
479,416
78,063

Other taxation and social security
522,012
14,189

Other creditors
29,663
3,317

Accruals and deferred income
28,007
3,638

3,007,038
307,276


The bank loan is secured by a  fixed and floating charge over all the property and undertakings of the company.

Page 10

 
HARLYN SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
18,214
28,271

18,214
28,271


The bank loan is secured by a  fixed and floating charge over all the property and undertakings of the company.


10.


Deferred taxation




2024


£






At beginning of year
(37,904)


Charged to profit or loss
(18,967)



At end of year
(56,871)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(64,000)
(37,904)

Short term timing differences
7,129
-

(56,871)
(37,904)

 
Page 11