Company No:
Contents
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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12,678 | 6,296 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 9,396 | 613 | ||
Total assets less current liabilities | 9,396 | 613 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 5 |
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Capital redemption reserve |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of The HR Dept International Limited (registered number:
K J Sadler
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The HR Dept International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Brook Office Park, Emersons Green, Bristol, BS16 4NT , United Kingdom.
These financial statements are the first financial statements of The HR Dept International Limited prepared in accordance with Financial Reporting Standard 102. The financial statements of The HR Dept International Limited for the year ended (Previous year) were prepared in accordance with FRS 105. Following transition to Financial Reporting Standard 102 there have been no material changes to either recognition, measurement or presentation requirements.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of The HR Dept International Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
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Monthly average number of persons employed by the Company during the year, including directors |
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Amounts owed by Group undertakings |
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VAT recoverable |
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Other debtors |
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Amounts owed to fellow subsidiaries |
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Accruals |
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Taxation and social security |
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Allotted, called-up and not yet paid | |||
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The company has taken advantage of the exemption in Section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.