Silverfin false false 31/03/2024 18/02/2023 31/03/2024 C R Girvan 18/02/2023 T H Parkins 18/02/2023 P Reed 08/06/2023 30 January 2025 The principal activity of the company during the year were information technology consultancy activities 14673168 2024-03-31 14673168 bus:Director1 2024-03-31 14673168 bus:Director2 2024-03-31 14673168 bus:Director3 2024-03-31 14673168 core:CurrentFinancialInstruments 2024-03-31 14673168 core:ShareCapital 2024-03-31 14673168 core:RetainedEarningsAccumulatedLosses 2024-03-31 14673168 core:OtherPropertyPlantEquipment 2023-02-17 14673168 2023-02-17 14673168 core:OtherPropertyPlantEquipment 2024-03-31 14673168 core:ImmediateParent core:CurrentFinancialInstruments 2024-03-31 14673168 bus:OrdinaryShareClass1 2024-03-31 14673168 bus:OrdinaryShareClass2 2024-03-31 14673168 2023-02-18 2024-03-31 14673168 bus:FilletedAccounts 2023-02-18 2024-03-31 14673168 bus:SmallEntities 2023-02-18 2024-03-31 14673168 bus:AuditExemptWithAccountantsReport 2023-02-18 2024-03-31 14673168 bus:PrivateLimitedCompanyLtd 2023-02-18 2024-03-31 14673168 bus:Director1 2023-02-18 2024-03-31 14673168 bus:Director2 2023-02-18 2024-03-31 14673168 bus:Director3 2023-02-18 2024-03-31 14673168 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-02-18 2024-03-31 14673168 core:OtherPropertyPlantEquipment 2023-02-18 2024-03-31 14673168 bus:OrdinaryShareClass1 2023-02-18 2024-03-31 14673168 bus:OrdinaryShareClass2 2023-02-18 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14673168 (England and Wales)

HEADFORWARDS ADVISORY LIMITED

Unaudited Financial Statements
For the financial period from 18 February 2023 to 31 March 2024
Pages for filing with the registrar

HEADFORWARDS ADVISORY LIMITED

Unaudited Financial Statements

For the financial period from 18 February 2023 to 31 March 2024

Contents

HEADFORWARDS ADVISORY LIMITED

BALANCE SHEET

As at 31 March 2024
HEADFORWARDS ADVISORY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 3 3,000
3,000
Current assets
Debtors 4 23,030
Cash at bank and in hand 5 40
23,070
Creditors: amounts falling due within one year 6 ( 15,352)
Net current assets 7,718
Total assets less current liabilities 10,718
Net assets 10,718
Capital and reserves
Called-up share capital 8 120
Profit and loss account 10,598
Total shareholders' funds 10,718

For the financial period ending 31 March 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 Headforwards Advisory Limited (registered number: 14673168) were approved and authorised for issue by the Board of Directors on 30 January 2025. They were signed on its behalf by:

T H Parkins
Director
HEADFORWARDS ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 February 2023 to 31 March 2024
HEADFORWARDS ADVISORY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 February 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Headforwards Advisory Limited (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 Fibrehub Trevenson Lane, Pool, Redruth, TR15 3GF, 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
18.02.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 18 February 2023 0 0
Additions 3,000 3,000
At 31 March 2024 3,000 3,000
Accumulated depreciation
At 18 February 2023 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 3,000 3,000

4. Debtors

31.03.2024
£
Amounts owed by Group undertakings 22,950
Amounts owed by Parent undertakings 80
23,030

5. Cash and cash equivalents

31.03.2024
£
Cash at bank and in hand 40

6. Creditors: amounts falling due within one year

31.03.2024
£
Amounts owed to Group undertakings 1
Taxation and social security 14,273
Other creditors 1,078
15,352

7. Deferred tax

31.03.2024
£
At the beginning of financial period 0
Charged to the Statement of Income and Retained Earnings ( 16)
At the end of financial period ( 16)

8. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each 80
40 Ordinary B shares of £ 1.00 each 40
120

9. Ultimate controlling party

Parent Company:

Headforwards Group Limited
Fibre Hub
Trevenson Lane
Pool
REDRUTH
Cornwall
TR15 3GF