1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 32,918 275 20,587 12,606 13,800 1,872 11,341 4,331 8,275 19,118 xbrli:pure xbrli:shares iso4217:GBP 08942780 2023-01-01 2023-12-31 08942780 2023-12-31 08942780 2022-12-31 08942780 2022-01-01 2022-12-31 08942780 2022-12-31 08942780 2021-12-31 08942780 core:FurnitureFittings 2023-01-01 2023-12-31 08942780 bus:Director1 2023-01-01 2023-12-31 08942780 core:FurnitureFittings 2022-12-31 08942780 core:FurnitureFittings 2023-12-31 08942780 core:WithinOneYear 2023-12-31 08942780 core:WithinOneYear 2022-12-31 08942780 core:AfterOneYear 2023-12-31 08942780 core:AfterOneYear 2022-12-31 08942780 core:ShareCapital 2023-12-31 08942780 core:ShareCapital 2022-12-31 08942780 core:RetainedEarningsAccumulatedLosses 2023-12-31 08942780 core:RetainedEarningsAccumulatedLosses 2022-12-31 08942780 core:FurnitureFittings 2022-12-31 08942780 bus:Director1 2022-12-31 08942780 bus:Director1 2023-12-31 08942780 bus:Director1 2021-12-31 08942780 bus:Director1 2022-12-31 08942780 bus:Director1 2022-01-01 2022-12-31 08942780 bus:SmallEntities 2023-01-01 2023-12-31 08942780 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08942780 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08942780 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08942780 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 08942780
Harben Green Human Capital Limited
Filleted Unaudited Financial Statements
31 December 2023
Harben Green Human Capital Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
5,982
7,324
Tangible assets
6
8,275
19,118
--------
--------
14,257
26,442
Current assets
Debtors
7
97,062
137,992
Cash at bank and in hand
46,134
20,633
---------
---------
143,196
158,625
Creditors: amounts falling due within one year
8
57,938
138,506
---------
---------
Net current assets
85,258
20,119
--------
--------
Total assets less current liabilities
99,515
46,561
Creditors: amounts falling due after more than one year
9
14,167
24,167
Provisions
Taxation including deferred tax
2,069
4,493
--------
--------
Net assets
83,279
17,901
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
83,179
17,801
--------
--------
Shareholders funds
83,279
17,901
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Harben Green Human Capital Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
Mr H Green
Director
Company registration number: 08942780
Harben Green Human Capital Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
15% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Website
£
Cost
At 1 January 2023 and 31 December 2023
8,950
-------
Amortisation
At 1 January 2023
1,626
Charge for the year
1,342
-------
At 31 December 2023
2,968
-------
Carrying amount
At 31 December 2023
5,982
-------
At 31 December 2022
7,324
-------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 January 2023
32,918
32,918
Additions
275
275
Disposals
( 20,587)
( 20,587)
--------
--------
At 31 December 2023
12,606
12,606
--------
--------
Depreciation
At 1 January 2023
13,800
13,800
Charge for the year
1,872
1,872
Disposals
( 11,341)
( 11,341)
--------
--------
At 31 December 2023
4,331
4,331
--------
--------
Carrying amount
At 31 December 2023
8,275
8,275
--------
--------
At 31 December 2022
19,118
19,118
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
23,100
Other debtors
97,062
114,892
--------
---------
97,062
137,992
--------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
37
1,756
Amounts owed to group undertakings and undertakings in which the company has a participating interest
9,851
89,746
Corporation tax
31,398
19,598
Social security and other taxes
1,197
13,896
Other creditors
5,455
3,510
--------
---------
57,938
138,506
--------
---------
The aggregate amount due by the company on bank loans within one year amounts to £10,000. This liability is secured by the Government.
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,167
24,167
--------
--------
The aggregate amount due by the company on bank loans between two and five years amounts to £14,167. This liability is secured by the Government.
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr H Green
112,682
96,238
( 112,682)
96,238
---------
--------
---------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr H Green
127,428
112,682
( 127,428)
112,682
---------
---------
---------
---------
The director's loans are interest free and repayable on demand.