Registered number
06877745
Plain Talking HR Limited
Unaudited Filleted Accounts
30 April 2023
Plain Talking HR Limited
Registered number: 06877745
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 399 532
Current assets
Debtors 5 3,962 3,254
Cash at bank and in hand 39,746 43,806
43,708 47,060
Creditors: amounts falling due within one year 6 (15,990) (28,828)
Net current assets 27,718 18,232
Net assets 28,117 18,764
Capital and reserves
Called up share capital 2 2
Profit and loss account 28,115 18,762
Shareholder's funds 28,117 18,764
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 her 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.
B Briggs
B Briggs
Director
Approved by the board on 9 October 2023
Plain Talking HR Limited
Notes to the Accounts
for the year ended 30 April 2023
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).
Government grants
Government grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to the grant and the grant will be received.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% on a reducing balance basis
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 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 36,765
Disposals -
At 30 April 2023 36,765
Amortisation
At 1 May 2022 36,765
On disposals -
At 30 April 2023 36,765
Net book value
At 30 April 2022 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2022 6,757
Disposals -
At 30 April 2023 6,757
Depreciation
At 1 May 2022 6,225
Charge for the year 133
On disposals -
At 30 April 2023 6,358
Net book value
At 30 April 2023 399
At 30 April 2022 532
5 Debtors 2023 2022
£ £
Trade debtors 2,232 1,524
Other debtors 1,730 1,730
3,962 3,254
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 14,033
Trade creditors - 478
Taxation and social security costs 8,061 6,630
Other creditors 7,929 7,687
15,990 28,828
7 Other information
Plain Talking HR Limited is a private company limited by shares and incorporated in England. Its registered office is:
Staple House
5 Eleanor's Cross
Dunstable
Bedfordshire
LU6 1SU
The company is controlled by B Briggs.
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