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COMPANY REGISTRATION NUMBER: 09113451
TULIP HR LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2023
TULIP HR LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
TULIP HR LIMITED
BALANCE SHEET
31 July 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
749
Current assets
Debtors
6
5,152
6,540
Cash at bank and in hand
3,054
972
------------
------------
8,206
7,512
Creditors: amounts falling due within one year
7
( 7,688)
( 6,467)
------------
------------
Net current assets
518
1,045
------------
------------
Total assets less current liabilities
1,267
1,045
------------
------------
Net assets
1,267
1,045
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
1,167
945
------------
------------
Shareholders funds
1,267
1,045
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 July 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 October 2023 , and are signed on behalf of the board by:
Mrs E Dallas
Director
Company registration number: 09113451
TULIP HR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 09113451 . The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover in the profit and loss account represents the value of fees receivable including Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 August 2022
849
Additions
999
Disposals
( 849)
------------
At 31 July 2023
999
------------
Depreciation
At 1 August 2022
849
Charge for the year
250
Disposals
( 849)
------------
At 31 July 2023
250
------------
Carrying amount
At 31 July 2023
749
------------
At 31 July 2022
------------
6. Debtors
2023
2022
£
£
Trade debtors
1,750
150
Director's loan account
3,402
6,390
------------
------------
5,152
6,540
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
660
660
Corporation tax
6,865
5,807
Social security and other taxes
163
------------
------------
7,688
6,467
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
The director's loan account included in debtors above of £3,402 (2022: £6,390) is unsecured, repayable on demand and currently interest-free. The loan has subsequently been repaid.
10. Controlling party
The company is controlled by the director.