REGISTERED NUMBER: SC566063 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Halcyon Vision Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D R Allison

Mrs K Weir

SECRETARY:

Mr D R Allison

REGISTERED OFFICE:

30 Forrester Street

Redding

Falkirk

FK2 9FE

REGISTERED NUMBER:

SC566063 (Scotland)

ACCOUNTANTS:

Bracey's Accountants (Edinburgh) Limited

112 George Street

Edinburgh

Midlothian

EH2 4LH

FIXED ASSETS

Intangible assets

4

2

3,759

Tangible assets

5

43,685

38,392

43,687

42,151

CURRENT ASSETS

Stocks

5,500

4,500

Debtors

6

6,603

10,316

Cash at bank and in hand

15,567

9,796

27,670

24,612

CREDITORS

Amounts falling due within one year

7

71,102

58,777

NET CURRENT LIABILITIES

(43,432

)

(34,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

255

7,986

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

251

7,982

SHAREHOLDERS' FUNDS

255

7,986

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 30 June 2026 and were signed on its behalf by:

Mr D R Allison - Director

Mrs K Weir - Director

1.	STATUTORY INFORMATION

Halcyon Vision Ltd is a private company, limited by shares , registered in Scotland. 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 2023, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Improvements to property

-

100% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

11,279

AMORTISATION

At 1 April 2025

7,520

Charge for year

3,757

At 31 March 2026

11,277

NET BOOK VALUE

At 31 March 2026

2

At 31 March 2025

3,759

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

1,260

49,945

26,828

1,825

79,858

Additions

-

15,914

-

60

15,974

At 31 March 2026

1,260

65,859

26,828

1,885

95,832

DEPRECIATION

At 1 April 2025

315

23,968

15,510

1,673

41,466

Charge for year

945

6,826

2,829

81

10,681

At 31 March 2026

1,260

30,794

18,339

1,754

52,147

NET BOOK VALUE

At 31 March 2026

-

35,065

8,489

131

43,685

At 31 March 2025

945

25,977

11,318

152

38,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,054

7,765

Other debtors

4,549

2,551

6,603

10,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,294

3,471

Taxation and social security

12,734

10,528

Other creditors

56,074

44,778

71,102

58,777

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

4

Ordinary

1

4

4

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the directors, Douglas and Katy, £40,687 (2025: £24,283). The loan is interest free and repayable on demand.