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Company Registration No. 11886104 (England and Wales)
Foreshore HR Ltd Unaudited accounts for the year ended 31 March 2023
Foreshore HR Ltd Unaudited accounts Contents
Page
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Foreshore HR Ltd Company Information for the year ended 31 March 2023
Director
Samantha Jane Seymour
Company Number
11886104 (England and Wales)
Registered Office
Stage 2 Business Centre Dundas Lane Portsmouth Hampshire PO3 5ND
Accountants
TBT Accountancy Ltd Westgate Chambers Staple Gardens Winchester Hampshire SO23 8SR
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Foreshore HR Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,262 
258 
Current assets
Debtors
3,639 
3,975 
Cash at bank and in hand
11,622 
27,070 
15,261 
31,045 
Creditors: amounts falling due within one year
(7,936)
(13,115)
Net current assets
7,325 
17,930 
Total assets less current liabilities
8,587 
18,188 
Creditors: amounts falling due after more than one year
(7,750)
(10,750)
Net assets
837 
7,438 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
836 
7,437 
Shareholders' funds
837 
7,438 
For the year ending 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 director acknowledges her 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 19 November 2023 and were signed on its behalf by
Samantha Jane Seymour Director Company Registration No. 11886104
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Foreshore HR Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Foreshore HR Ltd is a private company, limited by shares, registered in England and Wales, registration number 11886104. The registered office is Stage 2 Business Centre, Dundas Lane, Portsmouth , Hampshire, PO3 5ND.
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
33% Straight Line
Computer equipment
33% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Deferred taxation
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 accounts. 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.
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Foreshore HR Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
490 
959 
1,449 
Additions
250 
1,455 
1,705 
At 31 March 2023
740 
2,414 
3,154 
Depreciation
At 1 April 2022
364 
827 
1,191 
Charge for the year
83 
618 
701 
At 31 March 2023
447 
1,445 
1,892 
Net book value
At 31 March 2023
293 
969 
1,262 
At 31 March 2022
126 
132 
258 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,751 
3,782 
Accrued income and prepayments
651 
193 
Other debtors
1,237 
- 
3,639 
3,975 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Taxes and social security
4,571 
8,370 
Other creditors
- 
947 
Loans from directors
- 
313 
Accruals
365 
485 
7,936 
13,115 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,750 
10,750 
8
Transactions with related parties
The amount owed by/(to) the director at the start of the year was (£12,375) [2021: £16,228]. Director credits during the year were £35,934 [2021: £21,995 and director debits were £20,243. The amount owed by/(to) the director the year end was £313 [2021: £12,375]. The loan is interest free and repayable on demand.
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Foreshore HR Ltd Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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