Silverfin false false 31/05/2024 01/06/2023 31/05/2024 P J Brockway 18/04/2017 S Hill 18/04/2017 R C Smith 23/09/2024 19/05/2016 21 January 2025 The principal activity of the Company during the financial year was urban planning and landscape architectural activities 10189959 2024-05-31 10189959 bus:Director1 2024-05-31 10189959 bus:Director2 2024-05-31 10189959 bus:Director3 2024-05-31 10189959 2023-05-31 10189959 core:CurrentFinancialInstruments 2024-05-31 10189959 core:CurrentFinancialInstruments 2023-05-31 10189959 core:ShareCapital 2024-05-31 10189959 core:ShareCapital 2023-05-31 10189959 core:RetainedEarningsAccumulatedLosses 2024-05-31 10189959 core:RetainedEarningsAccumulatedLosses 2023-05-31 10189959 core:OtherPropertyPlantEquipment 2023-05-31 10189959 core:OtherPropertyPlantEquipment 2024-05-31 10189959 2023-06-01 2024-05-31 10189959 bus:FilletedAccounts 2023-06-01 2024-05-31 10189959 bus:SmallEntities 2023-06-01 2024-05-31 10189959 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10189959 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10189959 bus:Director1 2023-06-01 2024-05-31 10189959 bus:Director2 2023-06-01 2024-05-31 10189959 bus:Director3 2023-06-01 2024-05-31 10189959 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-06-01 2024-05-31 10189959 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-06-01 2024-05-31 10189959 2022-06-01 2023-05-31 10189959 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 10189959 (England and Wales)

HYAS ASSOCIATES LTD

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

HYAS ASSOCIATES LTD

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

HYAS ASSOCIATES LTD

BALANCE SHEET

As at 31 May 2024
HYAS ASSOCIATES LTD

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,575 2,766
1,575 2,766
Current assets
Debtors 4 336,773 325,094
Cash at bank and in hand 5 376,637 301,898
713,410 626,992
Creditors: amounts falling due within one year 6 ( 270,641) ( 240,370)
Net current assets 442,769 386,622
Total assets less current liabilities 444,344 389,388
Provision for liabilities 7 ( 394) ( 691)
Net assets 443,950 388,697
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 442,950 387,697
Total shareholders' funds 443,950 388,697

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hyas Associates Ltd (registered number: 10189959) were approved and authorised for issue by the Board of Directors on 21 January 2025. They were signed on its behalf by:

P J Brockway
Director
HYAS ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
HYAS ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
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

Hyas Associates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, 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 £.

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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 2 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 8

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2023 10,587 10,587
Additions 727 727
At 31 May 2024 11,314 11,314
Accumulated depreciation
At 01 June 2023 7,821 7,821
Charge for the financial year 1,918 1,918
At 31 May 2024 9,739 9,739
Net book value
At 31 May 2024 1,575 1,575
At 31 May 2023 2,766 2,766

4. Debtors

2024 2023
£ £
Trade debtors 326,244 262,247
Other debtors 10,529 62,847
336,773 325,094

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 376,637 301,898

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 72,716 69,691
Taxation and social security 193,317 166,343
Other creditors 4,608 4,336
270,641 240,370

7. Provision for liabilities

2024 2023
£ £
Deferred tax 394 691

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 7,200 7,200

9. Related party transactions

Transactions with the entity's directors

Advances

_R Smith_

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 June 2023, the balance owed by the director was £350. During the year, £717 was advanced to the director, and £662 was repaid by the director. At 31 May 2024, the balance owed by the director was £405

At 1 June 2022, the balance owed by the director was £313. During the year, £661 was advanced to the director, and £624 was repaid by the director. At 31 May 2023, the balance owed by the director was £350.

_P Brockway_

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 June 2023, the balance owed by the director was £315. During the year, £642 was advanced to the director, and £627 was repaid by the director. At 31 May 2024, the balance owed to the director was £330.

At 1 June 2022, the balance owed by the director was £284. During the year, £627 was advanced to the director, and £596 was repaid by the director. At 31 May 2023, the balance owed to the director was £315.

_S Hill_

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 June 2023, the balance owed by the director was £370. During the year, £752 was advanced to the director, and £682 was repaid by the director. At 31 May 2024, the balance owed by the director was £440.

At 1 June 2022, the balance owed by the director was £334. During the year, £682 was advanced to the director, and £646 was repaid by the director. At 31 May 2023, the balance owed by the director was £370.