Silverfin false false 31/12/2023 01/01/2023 31/12/2023 S Winter 15 April 2024 The principal activity of the Company during the financial year was that of farmers market trading. 07869212 2023-12-31 07869212 2022-12-31 07869212 core:CurrentFinancialInstruments 2023-12-31 07869212 core:CurrentFinancialInstruments 2022-12-31 07869212 core:ShareCapital 2023-12-31 07869212 core:ShareCapital 2022-12-31 07869212 core:RetainedEarningsAccumulatedLosses 2023-12-31 07869212 core:RetainedEarningsAccumulatedLosses 2022-12-31 07869212 2023-01-01 2023-12-31 07869212 bus:FilletedAccounts 2023-01-01 2023-12-31 07869212 bus:SmallEntities 2023-01-01 2023-12-31 07869212 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07869212 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07869212 bus:Director1 2023-01-01 2023-12-31 07869212 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 07869212 (England and Wales)

HR ASSURE LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HR ASSURE LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HR ASSURE LTD

BALANCE SHEET

As at 31 December 2023
HR ASSURE LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Stocks 3 1,430 0
Debtors 4 1 1
Cash at bank and in hand 35,383 66,137
36,814 66,138
Creditors: amounts falling due within one year 5 ( 24,189) ( 53,032)
Net current assets 12,625 13,106
Total assets less current liabilities 12,625 13,106
Provision for liabilities 0 ( 3,693)
Net assets 12,625 9,413
Capital and reserves
Called-up share capital 1 1
Profit and loss account 12,624 9,412
Total shareholders' funds 12,625 9,413

For the financial 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 financial statements of HR Assure Ltd (registered number: 07869212) were approved and authorised for issue by the Director on 15 April 2024. They were signed on its behalf by:

S Winter
Director
HR ASSURE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HR ASSURE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

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.

General information and basis of accounting

HR Assure Ltd (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 Perris, Hatch Beauchamp, Taunton, TA3 6TH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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 Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

2023 2022
£ £
Stocks 1,430 0

4. Debtors

2023 2022
£ £
Other debtors 1 1

5. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 0 2,236
Other creditors 24,189 50,796
24,189 53,032