Bedrock HR Ltd Filleted Accounts Cover
Bedrock HR Ltd
Company No. 08831477
Information for Filing with The Registrar
31 March 2023
Bedrock HR Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was management consultancy activities other than financial management.
Directors
The Directors who served at any time during the year were as follows:
D. Mellard
N. Mellard
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Mellard
Director
27 October 2023
Bedrock HR Ltd Balance Sheet Registrar
at
31 March 2023
Company No.
08831477
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
1,3891,466
Tangible assets
5
3,3491,588
4,7383,054
Current assets
Debtors
6
6,6443,132
Cash at bank and in hand
71,74578,464
78,38981,596
Creditors: Amount falling due within one year
7
(36,326)
(34,725)
Net current assets
42,06346,871
Total assets less current liabilities
46,80149,925
Creditors: Amounts falling due after more than one year
8
(16,292)
(23,244)
Provisions for liabilities
Deferred taxation
(900)
-
Net assets
29,60926,681
Capital and reserves
Share premium account
10
100100
Profit and loss account
10
29,50926,581
Total equity
29,60926,681
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 October 2023
And signed on its behalf by:
D. Mellard
Director
27 October 2023
Bedrock HR Ltd Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 08831477
Its registered office is:
Fairman Harris
1 Landor Road
London
SW9 9RX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Straight Line
Furniture, fittings and equipment
20% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
54
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 April 2022
1,5431,543
At 31 March 2023
1,5431,543
Amortisation and impairment
At 1 April 2022
7777
Charge for the year
7777
At 31 March 2023
154154
Net book values
At 31 March 2023
1,3891,389
At 31 March 2022
1,4661,466
5
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 April 2022
4,5581,8626,420
Additions
1,769-1,769
At 31 March 2023
6,3271,8628,189
Depreciation
At 1 April 2022
4,4603724,832
Charge for the year
(365)
3738
At 31 March 2023
4,0957454,840
Net book values
At 31 March 2023
2,2321,1173,349
At 31 March 2022
98
1,490
1,588
6
Debtors
2023
2022
£
£
Trade debtors
6,0602,820
Prepayments and accrued income
584312
6,6443,132
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,9526,781
Trade creditors
402468
Taxes and social security
26,365
27,476
Loans from directors
115-
Other creditors
2,492-
36,32634,725
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
16,29223,244
16,29223,244
9
Share Capital
100 Ordinary Shares at £1 each
10
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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