1 December 2022 false Taxfiler 2023.10 11685946business:PrivateLimitedCompanyLtd2022-12-012023-11-30 116859462022-11-30 116859462022-12-012023-11-30 11685946business:AuditExemptWithAccountantsReport2022-12-012023-11-30 11685946business:FilletedAccounts2022-12-012023-11-30 116859462023-11-30 11685946business:Director12022-12-012023-11-30 11685946business:Director32022-12-012023-11-30 11685946business:Director42022-12-012023-11-30 11685946business:Director52022-12-012023-11-30 11685946business:Director62022-12-012023-11-30 11685946business:CompanySecretary12022-12-012023-11-30 11685946business:RegisteredOffice2022-12-012023-11-30 116859462022-11-30 11685946core:WithinOneYear2023-11-30 11685946core:WithinOneYear2022-11-30 11685946core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11685946core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11685946core:SharePremiumcore:PreviouslyStatedAmount2023-11-30 11685946core:SharePremiumcore:PreviouslyStatedAmount2022-11-30 11685946core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11685946core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11685946core:PreviouslyStatedAmount2023-11-30 11685946core:PreviouslyStatedAmount2022-11-30 11685946business:SmallEntities2022-12-012023-11-30 11685946countries:EnglandWales2022-12-012023-11-30 11685946core:ComputerEquipment2022-11-30 11685946core:ComputerEquipment2023-11-30 11685946core:ComputerEquipment2022-12-012023-11-30 11685946business:OrdinaryShareClass12022-12-012023-11-30 11685946business:OrdinaryShareClass12021-12-012022-11-30 11685946business:OrdinaryShareClass22022-12-012023-11-30 11685946business:OrdinaryShareClass22021-12-012022-11-30 11685946business:OrdinaryShareClass32022-12-012023-11-30 11685946business:OrdinaryShareClass32021-12-012022-11-30 11685946business:OrdinaryShareClass42022-12-012023-11-30 11685946business:OrdinaryShareClass42021-12-012022-11-30 11685946business:AllOrdinaryShares2022-12-012023-11-30 11685946business:AllOrdinaryShares2021-12-012022-11-30 11685946core:BetweenOneFiveYears2023-11-30 11685946core:BetweenOneFiveYears2022-11-30 11685946business:Director312022-12-012023-11-30 11685946business:Director312022-11-30 11685946business:Director312023-11-30 116859462021-12-012022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11685946 (England and Wales)
HR Data Hub Ltd Unaudited accounts for the year ended 30 November 2023
HR Data Hub Ltd Unaudited accounts Contents
Page
- 2 -
HR Data Hub Ltd Company Information for the year ended 30 November 2023
Directors
Christopher Bruce David Whitfield Oliver Black Alexandra Grellet Mercia Fund Management (Nominees) Limited
Secretary
David Whitfield
Company Number
11685946 (England and Wales)
Registered Office
Office 1, Izabella House 24-26 Regent Place Birmingham B1 3NJ England
Accountants
Jameson Accounting Services 87 Hillesden Avenue Elstow Bedford Bedfordshire MK42 9AJ
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of HR Data Hub Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HR Data Hub Ltd for the year ended 30 November 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of HR Data Hub Ltd, as a body, in accordance with the terms of our engagement letter dated 6 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of HR Data Hub Ltd and state those matters that we have agreed to state to the Board of Directors of HR Data Hub Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HR Data Hub Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that HR Data Hub Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of HR Data Hub Ltd. You consider that HR Data Hub Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of HR Data Hub Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Jameson Accounting Services Chartered Accountants 87 Hillesden Avenue Elstow Bedford Bedfordshire MK42 9AJ 8 February 2024
- 4 -
HR Data Hub Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
761 
1,739 
Current assets
Debtors
264,242 
174,029 
Cash at bank and in hand
237,551 
68,041 
501,793 
242,070 
Creditors: amounts falling due within one year
(651,233)
(608,183)
Net current liabilities
(149,440)
(366,113)
Net liabilities
(148,679)
(364,374)
Capital and reserves
Called up share capital
27,192 
20,450 
Share premium
2,673,688 
1,268,572 
Profit and loss account
(2,849,559)
(1,653,396)
Shareholders' funds
(148,679)
(364,374)
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
David Whitfield Director Company Registration No. 11685946
- 5 -
HR Data Hub Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
HR Data Hub Ltd is a private company, limited by shares, registered in England and Wales, registration number 11685946. The registered office is Office 1, Izabella House, 24-26 Regent Place, Birmingham, B1 3NJ, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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: Computer equipment - 4 years
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 6 -
HR Data Hub Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
3,913 
At 30 November 2023
3,913 
Depreciation
At 1 December 2022
2,174 
Charge for the year
978 
At 30 November 2023
3,152 
Net book value
At 30 November 2023
761 
At 30 November 2022
1,739 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
216,600 
135,500 
Accrued income and prepayments
38,176 
37,958 
Other debtors
9,466 
571 
264,242 
174,029 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
24,076 
19,118 
Trade creditors
88,165 
125,656 
Taxes and social security
161,557 
48,646 
Other creditors
24,109 
149,609 
Accruals
34,185 
34,713 
Deferred income
319,141 
230,441 
651,233 
608,183 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
158,138 Ordinary 'A' shares of £0.10 each
15,813.80 
15,813.80 
19,707 Ordinary 'B' shares of £0.10 each
1,970.70 
1,970.70 
67,424 Ordinary 'C' shares of £0.10 each
6,742.40 
- 
26,648 Deferred shares of £0.10 each
2,664.80 
2,664.80 
27,191.70 
20,449.30 
Shares issued during the period:
67,424 Ordinary 'C' shares of £0.10 each
6,742 
- 7 -
HR Data Hub Ltd Notes to the Accounts for the year ended 30 November 2023
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
22,711 
6,801 
Later than one year and not later than five years
29,083 
10,408 
51,794 
17,209 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors loan
- 
4,449 
- 
4,449 
- 
4,449 
- 
4,449 
10
Transactions with related parties
During the year the company had the following related party transactions: With Flying Tiger LLP, an entity controlled by Christopher Bruce (a Director), the company incurred advisory fees of £33,333 (2022: £17,083). With Oliver Black (a Director), the company incurred consultancy fees of £13,333 (2022: £4,167). With Mercia Fund Management Ltd and Enterprise Ventures Ltd, entities connected with Mercia Fund Management (Nominees) Limited (a Director), the company incurred fees of £46,149 (2022: £nil). During the year, Directors and parties connected with them, invested in the share capital of the company a total of £1,074,955 (2022: £100,188).
11
Average number of employees
During the year the average number of employees was 14 (2022: 7).
- 8 -