REGISTERED NUMBER: 14770744 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Halcyon IT Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr James Hamilton

Mr Thomas Woods

REGISTERED OFFICE:

17 Mann Island

Liverpool

Merseyside

L3 1BP

REGISTERED NUMBER:

14770744 (England and Wales)

ACCOUNTANTS:

LJS Accounting Services (UK) Ltd

Unit 5, 1st Floor

Connect Business Village

24 Derby Road

Liverpool

Merseyside

L5 9PR

FIXED ASSETS

Intangible assets

4

480,000

-

Tangible assets

5

173,232

33,070

653,232

33,070

CURRENT ASSETS

Debtors

6

43,978

30,247

Cash at bank

10,813

5,606

54,791

35,853

CREDITORS

Amounts falling due within one year

7

586,425

52,188

NET CURRENT LIABILITIES

(531,634

)

(16,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,598

16,735

CREDITORS

Amounts falling due after more than one year

8

119,708

-

NET ASSETS

1,890

16,735

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,790

16,635

1,890

16,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 5 August 2026 and were signed on its behalf by:

Mr James Hamilton - Director

1.	STATUTORY INFORMATION

Halcyon IT Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2026, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

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.

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 AND DIRECTORS

The average number of employees during the year was 4 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

480,000

At 31 March 2026

480,000

NET BOOK VALUE

At 31 March 2026

480,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

-

28,542

21,211

49,753

Additions

7,041

162,708

2,442

172,191

At 31 March 2026

7,041

191,250

23,653

221,944

DEPRECIATION

At 1 April 2025

-

10,275

6,408

16,683

Charge for year

528

28,060

3,441

32,029

At 31 March 2026

528

38,335

9,849

48,712

NET BOOK VALUE

At 31 March 2026

6,513

152,915

13,804

173,232

At 31 March 2025

-

18,267

14,803

33,070

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

27,023

2,748

Amounts owed by group undertakings

-

22,781

Other debtors

16,955

4,718

43,978

30,247

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

22,224

-

Trade creditors

108,374

33,872

Amounts owed to group undertakings

433,219

-

Taxation and social security

800

4,434

Other creditors

21,808

13,882

586,425

52,188

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

119,708

-