Company registration number 07850018 (England and Wales)
HCP STAFFING SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HCP STAFFING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HCP STAFFING SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
55,059
8,486
Current assets
Debtors
4
326,968
267,087
Cash at bank and in hand
425
67,580
327,393
334,667
Creditors: amounts falling due within one year
5
(230,136)
(218,027)
Net current assets
97,257
116,640
Net assets
152,316
125,126
Capital and reserves
Called up share capital
6
50
50
Profit and loss reserves
152,266
125,076
Total equity
152,316
125,126

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 1 August 2024
S Y N Kumah
Director
Company registration number 07850018 (England and Wales)
HCP STAFFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

HCP Staffing Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 546 Streatham High Road, London, SW163QF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
18% Reducing Balance
Computers
18% Reducing Balance
Motor vehicles
25% Reducing Balance
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

HCP STAFFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
21
23
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
17,699
Additions
64,026
At 31 December 2023
81,725
Depreciation and impairment
At 1 January 2023
9,213
Depreciation charged in the year
17,453
At 31 December 2023
26,666
Carrying amount
At 31 December 2023
55,059
At 31 December 2022
8,486
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
71,671
131,601
Other debtors
255,297
135,486
326,968
267,087
HCP STAFFING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
47,894
52,483
Trade creditors
18,825
41,412
Taxation and social security
45,711
47,772
Other creditors
117,706
76,360
230,136
218,027

Amounts included in bank loan and overdrafts of £47,894(2022 - £52,483) are secured by way of a fixed and floating charge over the assets of the company.

6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50
50
50
50
7
Directors' transactions

Dividends totalling £72,900 (2022 - £95,153) were paid in the year in respect of shares held by the company's directors.

During the year, the director sold a car at market value for £62,874 (2022 - £nil) to the company.

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