HALKSHILL CONSULTANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company registration number SC726597 (Scotland)
PAGES FOR FILING WITH REGISTRAR
HALKSHILL CONSULTANTS LTD
COMPANY INFORMATION
Directors
Mrs Fiona Stevenson
Mr Robert Stevenson
Company number
SC726597
Registered office
44 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
Accountants
Dains
46 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
Business address
Hillside Cottage
Bellsdale Avenue
Largs
North Ayrshire
Scotland
KA30 9EF
HALKSHILL CONSULTANTS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
HALKSHILL CONSULTANTS LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
3
10,262
Cash at bank and in hand
1,077
11,339
Creditors: amounts falling due within one year
4
(10,990)
Net current assets
349
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
249
Total equity
349

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 21 November 2024 and are signed on its behalf by:
Mr Robert Stevenson
Director
Company registration number SC726597 (Scotland)
HALKSHILL CONSULTANTS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
-
0
-
0
-
Year ended 31 March 2024:
Profit and total comprehensive income
-
33,739
33,739
Issue of share capital
5
100
-
100
Dividends
-
(33,490)
(33,490)
Balance at 31 March 2024
100
249
349
HALKSHILL CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Halkshill Consultants Ltd is a private company limited by shares incorporated in Scotland. The registered office is 44 Bank Street, Kilmarnock, Ayrshire, KA1 1HA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover relates to the provision of management consultancy services.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HALKSHILL CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
-
0
3
Debtors
2024
Amounts falling due within one year:
£
Other debtors
10,262
4
Creditors: amounts falling due within one year
2024
£
Corporation tax
8,990
Other creditors
2,000
10,990
5
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A shares of £1 each
46
46
Ordinary B shares of £1 each
44
44
Ordinary C shares of £1 each
10
10
100
100
6
Related party transactions

During the year the company had various transactions with Halkshill Estates Ltd, a company with common directors. As at 31 March 2024 the balance owed to the company was £1,733.

HALKSHILL CONSULTANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
7
Directors' transactions

Dividends totalling £33,490 were paid in the year in respect of shares held by the company's directors.

During the year the director introduced £5,559 into the company and withdrew £8,500. At the year end the director owed the company £2,941.

No interest is accruing on the balance owed by the director.

2024-03-312023-04-01false21 November 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMrs Fiona StevensonMr Robert StevensonfalsefalseSC7265972023-04-012024-03-31SC726597bus:Director12023-04-012024-03-31SC726597bus:Director22023-04-012024-03-31SC726597bus:RegisteredOffice2023-04-012024-03-31SC7265972024-03-31SC726597core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-31SC726597core:CurrentFinancialInstruments2024-03-31SC726597core:ShareCapital2024-03-31SC726597core:RetainedEarningsAccumulatedLosses2024-03-31SC726597core:ShareCapital2023-03-31SC726597core:RetainedEarningsAccumulatedLosses2023-03-31SC726597core:ShareCapitalOrdinaryShares2024-03-31SC726597core:RetainedEarningsAccumulatedLosses2023-04-012024-03-31SC726597core:ShareCapital2023-04-012024-03-31SC726597core:WithinOneYear2024-03-31SC726597bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC726597bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC726597bus:FRS1022023-04-012024-03-31SC726597bus:AuditExemptWithAccountantsReport2023-04-012024-03-31SC726597bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP