0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,636 1,341 74 1,415 221 295 xbrli:pure xbrli:shares iso4217:GBP 09454817 2023-03-01 2024-02-29 09454817 2024-02-29 09454817 2023-02-28 09454817 2022-03-01 2023-02-28 09454817 2023-02-28 09454817 2022-02-28 09454817 bus:Director1 2023-03-01 2024-02-29 09454817 core:WithinOneYear 2024-02-29 09454817 core:WithinOneYear 2023-02-28 09454817 core:AfterOneYear 2024-02-29 09454817 core:AfterOneYear 2023-02-28 09454817 core:ShareCapital 2024-02-29 09454817 core:ShareCapital 2023-02-28 09454817 core:RetainedEarningsAccumulatedLosses 2024-02-29 09454817 core:RetainedEarningsAccumulatedLosses 2023-02-28 09454817 bus:SmallEntities 2023-03-01 2024-02-29 09454817 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09454817 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09454817 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09454817 bus:FullAccounts 2023-03-01 2024-02-29 09454817 core:OfficeEquipment 2023-03-01 2024-02-29 09454817 core:OfficeEquipment 2024-02-29 09454817 core:OfficeEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 09454817
YVONNE HALLING CONSULTANCY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
YVONNE HALLING CONSULTANCY LIMITED
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
221
295
CURRENT ASSETS
Debtors
5
65,561
55,395
Cash at bank and in hand
95
337
---------
---------
65,656
55,732
CREDITORS: amounts falling due within one year
6
42,975
43,913
---------
---------
NET CURRENT ASSETS
22,681
11,819
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
22,902
12,114
CREDITORS: amounts falling due after more than one year
7
35,242
29,631
PROVISIONS
Taxation including deferred tax
42
56
---------
---------
NET LIABILITIES
( 12,382)
( 17,573)
---------
---------
YVONNE HALLING CONSULTANCY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 12,482)
( 17,673)
---------
---------
SHAREHOLDERS DEFICIT
( 12,382)
( 17,573)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 February 2025 , and are signed on behalf of the board by:
Mrs Y Halling
Director
Company registration number: 09454817
YVONNE HALLING CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
From the review of forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, notwithstanding there was a deficiency of net assets at the year end. The director has agreed to support the company, and has therefore continued to adopt the going concern basis in preparing the financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. TANGIBLE ASSETS
Equipment
Total
£
£
Cost
At 1 March 2023 and 29 February 2024
1,636
1,636
-------
-------
Depreciation
At 1 March 2023
1,341
1,341
Charge for the year
74
74
-------
-------
At 29 February 2024
1,415
1,415
-------
-------
Carrying amount
At 29 February 2024
221
221
-------
-------
At 28 February 2023
295
295
-------
-------
5. DEBTORS
2024
2023
£
£
Other debtors
65,561
55,395
---------
---------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,433
2,921
Trade creditors
1,354
1,291
Corporation tax
37,703
33,307
Funding circle
5,044
Other creditors
1,485
1,350
---------
---------
42,975
43,913
---------
---------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
35,242
29,631
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £2,443 (2023: £4,343) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year Mrs Halling's directors' current account was overdrawn. All advances were unsecured, interest free and repayable on demand. The maximum outstanding during the year was £49,034 and the balance outstanding at 28 February 2024 was £47,633 (2023 - £39,199)