Guildford HR Ltd
Registered number: 10333417
Statement of Financial Position
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,177 1,547
Tangible assets 4 200 201
1,377 1,748
Current assets
Debtors 5 49,112 40,388
Cash at bank and in hand 77,676 118,354
126,788 158,742
Creditors: amounts falling due within one year 6 (18,402) (31,603)
Net current assets 108,386 127,139
Total assets less current liabilities 109,763 128,887
Provisions for liabilities (38) (38)
Net assets 109,725 128,849
Capital and reserves
Called up share capital 100 100
Profit and loss account 109,625 128,749
Shareholder's funds 109,725 128,849
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 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.
T L Barney
Director
Approved by the board on 21 November 2023
Guildford HR Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
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 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.
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:
Fixtures and fittings 4 years straight line
Office equipment 3 years straight line
Debtors
Short term debtors are measured at transaction 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. 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.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 3 3
3 Intangible fixed assets £
Website
Cost
At 1 September 2022 3,704
At 31 August 2023 3,704
Amortisation
At 1 September 2022 2,157
Provided during the year 370
At 31 August 2023 2,527
Net book value
At 31 August 2023 1,177
At 31 August 2022 1,547
The website is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures and fittings Office equipment Total
£ £ £
Cost
At 1 September 2022 1,641 2,957 4,598
Additions - 298 298
At 31 August 2023 1,641 3,255 4,896
Depreciation
At 1 September 2022 1,641 2,756 4,397
Charge for the year - 299 299
At 31 August 2023 1,641 3,055 4,696
Net book value
At 31 August 2023 - 200 200
At 31 August 2022 - 201 201
5 Debtors 2023 2022
£ £
Trade debtors 41,855 21,925
Accrued income 7,247 18,463
Other debtors 10 -
49,112 40,388
6 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 1,160 1,086
Corporation tax 4,902 17,440
Other taxes and social security costs 9,880 11,419
Other creditors 2,460 1,658
18,402 31,603
7 Other information
Guildford HR Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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