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REGISTERED NUMBER: 05372299 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HALCYON RECRUITMENT LIMITED

HALCYON RECRUITMENT LIMITED (REGISTERED NUMBER: 05372299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


HALCYON RECRUITMENT LIMITED (REGISTERED NUMBER: 05372299)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,883 2,765

CURRENT ASSETS
Debtors 5 54,446 122,263
Cash at bank and in hand 11,180 22,372
65,626 144,635
CREDITORS
Amounts falling due within one year 6 25,386 36,201
NET CURRENT ASSETS 40,240 108,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,123

111,199

CREDITORS
Amounts falling due after more than one
year

7

36,360

45,495
NET ASSETS 6,763 65,704

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 6,753 65,694
6,763 65,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





H R Heseltine - Director


HALCYON RECRUITMENT LIMITED (REGISTERED NUMBER: 05372299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Halcyon Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05372299

Registered office: 3 Buckle Drive
Seaford
East Sussex
BN25 2QH

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Turnover represents the provision of recruitment services, and is recognised upon completion of performance obligations.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payments within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the year are included in profit or loss.

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.

HALCYON RECRUITMENT LIMITED (REGISTERED NUMBER: 05372299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 5,486 23,407 28,893
Additions - 1,039 1,039
Disposals (294 ) (910 ) (1,204 )
At 30 June 2024 5,192 23,536 28,728
DEPRECIATION
At 1 July 2023 4,624 21,504 26,128
Charge for year 203 658 861
Eliminated on disposal (242 ) (902 ) (1,144 )
At 30 June 2024 4,585 21,260 25,845
NET BOOK VALUE
At 30 June 2024 607 2,276 2,883
At 30 June 2023 862 1,903 2,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 86,292
Other debtors 54,446 35,971
54,446 122,263

Included within other debtors is £49,304 (2023: £34,862) due from related parties. These loans are interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13 -
Trade creditors - 6,952
Taxation and social security 10,354 17,550
Other creditors 15,019 11,699
25,386 36,201

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 36,360 45,495

HALCYON RECRUITMENT LIMITED (REGISTERED NUMBER: 05372299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Other creditors due in more than one year consists of a bank loan. The bank loan incurs interest at 13.9% per annum and is due for repayment by June 2028. The director of the company has provided a personal guarantee in respect of the company's borrowings.