Registered number
12270229
HGRE Consultancy Limited
Unaudited Filleted Accounts
31 March 2022
HGRE Consultancy Limited
Registered number: 12270229
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 832 1,248
Current assets
Debtors 4 13,906 43,446
Cash at bank and in hand 68,532 39,066
82,438 82,512
Creditors: amounts falling due within one year 5 (33,882) (56,909)
Net current assets 48,556 25,603
Total assets less current liabilities 49,388 26,851
Provisions for liabilities (158) (237)
Net assets 49,230 26,614
Capital and reserves
Called up share capital 100 100
Profit and loss account 49,130 26,514
Shareholder's funds 49,230 26,614
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Revens
Director
Approved by the board on 1 August 2022
HGRE Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021 1,664
At 31 March 2022 1,664
Depreciation
At 1 April 2021 416
Charge for the year 416
At 31 March 2022 832
Net book value
At 31 March 2022 832
At 31 March 2021 1,248
4 Debtors 2022 2021
£ £
Trade debtors 13,906 18,446
Other debtors - 25,000
13,906 43,446
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts - 25,000
Taxation and social security costs 33,169 31,184
Other creditors 713 725
33,882 56,909
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H Revens
Loan 25,000 - (25,000) -
25,000 - (25,000) -
The loan to the director is interest free, unsecured and repayable within 12 months.
7 Controlling party
The company is under the contrl of H Revens.
8 Other information
HGRE Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wildwood
Brays Close, Hyde Heath
Amersham
Buckinghamshire
HP6 5RZ
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