Silverfin false 30/04/2023 25/04/2022 30/04/2023 Rosaline Kunrunmi 25/04/2022 24 September 2023 The principal activity of the Company during the financial period was that of HR advisory. The company was incorporated on 25 April 2022 and started trading on 26 May 2022. 14067780 2023-04-30 14067780 bus:Director1 2023-04-30 14067780 core:CurrentFinancialInstruments 2023-04-30 14067780 core:ShareCapital 2023-04-30 14067780 core:RetainedEarningsAccumulatedLosses 2023-04-30 14067780 bus:OrdinaryShareClass1 2023-04-30 14067780 2022-04-25 2023-04-30 14067780 bus:FullAccounts 2022-04-25 2023-04-30 14067780 bus:SmallEntities 2022-04-25 2023-04-30 14067780 bus:AuditExemptWithAccountantsReport 2022-04-25 2023-04-30 14067780 bus:PrivateLimitedCompanyLtd 2022-04-25 2023-04-30 14067780 bus:Director1 2022-04-25 2023-04-30 14067780 bus:OrdinaryShareClass1 2022-04-25 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14067780 (England and Wales)

ROSAD HR CONSULTANCY LTD

Unaudited Financial Statements
For the financial period from 25 April 2022 to 30 April 2023
Pages for filing with the registrar

ROSAD HR CONSULTANCY LTD

Unaudited Financial Statements

For the financial period from 25 April 2022 to 30 April 2023

Contents

ROSAD HR CONSULTANCY LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
ROSAD HR CONSULTANCY LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
30.04.2023
£
Current assets
Debtors 3 1,232
Cash at bank and in hand 1,255
2,487
Creditors: amounts falling due within one year 4 ( 19,506)
Net current liabilities (17,019)
Total assets less current liabilities (17,019)
Net liabilities ( 17,019)
Capital and reserves
Called-up share capital 5 1
Profit and loss account ( 17,020 )
Total shareholder's deficit ( 17,019)

For the financial period ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of ROSAD HR Consultancy Ltd (registered number: 14067780) were approved and authorised for issue by the Director on 24 September 2023. They were signed on its behalf by:

Rosaline Kunrunmi
Director
ROSAD HR CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 April 2022 to 30 April 2023
ROSAD HR CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 25 April 2022 to 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

ROSAD HR Consultancy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Thames Suite 133 Creek Road, Greenwich, London, United Kingdom, SE8 3BU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £17,019. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
25.04.2022 to
30.04.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Debtors

30.04.2023
£
Trade debtors 1,182
VAT recoverable 50
1,232

4. Creditors: amounts falling due within one year

30.04.2023
£
Trade creditors 1,320
Amounts owed to director 18,186
19,506

5. Called-up share capital

30.04.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

On 25 April 2022, 1 £1 shares were issued for a total consideration of £1

6. Related party transactions

Transactions with the entity's director

During the year the director maintained a loan account with the company. At the year end the company owed the director £18,186. No interest is charged and there are no fixed repayment terms.