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REGISTERED NUMBER: SC442224 (Scotland)












Financial Statements

for the Year Ended 31 August 2024

for

Halo Assist Limited

Halo Assist Limited (Registered number: SC442224)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Halo Assist Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P D Russell
D M Yates





REGISTERED OFFICE: 1st Floor 41 St.Vincent Place
Glasgow
G1 2ER





REGISTERED NUMBER: SC442224 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Halo Assist Limited (Registered number: SC442224)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 3,295 1,604

CURRENT ASSETS
Debtors 4 42,261 25,191
Cash at bank 53,428 114,871
95,689 140,062
CREDITORS
Amounts falling due within one year 5 18,103 25,944
NET CURRENT ASSETS 77,586 114,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,881

115,722

CREDITORS
Amounts falling due after more than one
year

6

(24,065

)

(34,213

)

PROVISIONS FOR LIABILITIES (824 ) (401 )
NET ASSETS 55,992 81,108

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 55,592 80,708
SHAREHOLDERS' FUNDS 55,992 81,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Halo Assist Limited (Registered number: SC442224)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





D M Yates - Director


Halo Assist Limited (Registered number: SC442224)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Halo Assist Limited (Registered number: SC442224)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 210 3,737 3,947
Additions - 2,025 2,025
At 31 August 2024 210 5,762 5,972
DEPRECIATION
At 1 September 2023 172 2,171 2,343
Charge for year 6 328 334
At 31 August 2024 178 2,499 2,677
NET BOOK VALUE
At 31 August 2024 32 3,263 3,295
At 31 August 2023 38 1,566 1,604

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 899 2,629
Other debtors 41,362 22,562
42,261 25,191

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,716 2,484
Taxation and social security 10,926 16,964
Other creditors 4,461 6,496
18,103 25,944

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 24,065 34,213