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Company Registration No. 10612677 (England and Wales)
HRS NEWS LIMITED Unaudited accounts for the year ended 28 February 2023
HRS NEWS LIMITED Unaudited accounts Contents
Page
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HRS NEWS LIMITED Company Information for the year ended 28 February 2023
Director
Muhammad Israr
Company Number
10612677 (England and Wales)
Registered Office
220 FORMANS ROAD SPARKHILL BIRMINGHAM B11 3BP ENGLAND
Accountants
Clark & Deen Taxpro Limited Benson House, Suite D 98-104 Lombard Street Birmingham West Midlands B12 0QR
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HRS NEWS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
636 
795 
Current assets
Inventories
13,500 
12,500 
Debtors
1,482 
- 
Cash at bank and in hand
3,383 
1,584 
18,365 
14,084 
Creditors: amounts falling due within one year
(5,184)
(2,883)
Net current assets
13,181 
11,201 
Net assets
13,817 
11,996 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,717 
11,896 
Shareholders' funds
13,817 
11,996 
For the year ending 28 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2023 and were signed on its behalf by
Muhammad Israr Director Company Registration No. 10612677
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HRS NEWS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
HRS NEWS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10612677. The registered office is 220 FORMANS ROAD, SPARKHILL, BIRMINGHAM, B11 3BP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
1,554 
At 28 February 2023
1,554 
Depreciation
At 1 March 2022
759 
Charge for the year
159 
At 28 February 2023
918 
Net book value
At 28 February 2023
636 
At 28 February 2022
795 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,482 
- 
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HRS NEWS LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
565 
565 
Taxes and social security
264 
665 
Other creditors
1,000 
- 
Loans from directors
2,035 
993 
Accruals
1,320 
660 
5,184 
2,883 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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