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REGISTERED NUMBER: 08168055 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Hybrid Advice Central Limited
Trading as
Southernhay Financial Planning

Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hybrid Advice Central Limited
Trading as Southernhay Financial Planning

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R D Wheeler
C N Edmonds
A J M Langmuir





SECRETARY: S C Jenkinson





REGISTERED OFFICE: 20 Southernhay West
Exeter
Devon
EX1 1PR





REGISTERED NUMBER: 08168055 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN

Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,606 2,709

CURRENT ASSETS
Debtors 5 24,868 18,553
Cash at bank 71,925 111,661
96,793 130,214
CREDITORS
Amounts falling due within one year 6 24,672 25,555
NET CURRENT ASSETS 72,121 104,659
TOTAL ASSETS LESS CURRENT LIABILITIES 73,727 107,368

CREDITORS
Amounts falling due after more than one
year

7

(30,266

)

(36,000

)

PROVISIONS FOR LIABILITIES (305 ) (515 )
NET ASSETS 43,156 70,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,056 70,753
SHAREHOLDERS' FUNDS 43,156 70,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Balance Sheet - continued
31 May 2024


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 12 September 2024 and were signed on its behalf by:





R D Wheeler - Director


Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Hybrid Advice Central 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.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Bank loans; and
- Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 4,411
DEPRECIATION
At 1 June 2023 1,702
Charge for year 1,103
At 31 May 2024 2,805
NET BOOK VALUE
At 31 May 2024 1,606
At 31 May 2023 2,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 18,970 15,230
Other debtors 5,898 3,323
24,868 18,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,382 5,220
Trade creditors 3,850 8,750
Taxation and social security 10,148 4,989
Other creditors 5,292 6,596
24,672 25,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 30,266 36,000

Hybrid Advice Central Limited (Registered number: 08168055)
Trading as Southernhay Financial Planning

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 8,311 13,768