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REGISTERED NUMBER: 06192974 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

REALITY HR LIMITED

REALITY HR LIMITED (REGISTERED NUMBER: 06192974)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REALITY HR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr D W Hall
Mrs L M Hall
Mrs S Hall-Jones





SECRETARY: Mr D W Hall





REGISTERED OFFICE: Clifton House
Bunnian Place
Basingstoke
Hampshire
RG21 7JE





BUSINESS ADDRESS: The Manor House
Lutyens Close
Chineham
Basingstoke
Hampshire
RG24 8AG





REGISTERED NUMBER: 06192974 (England and Wales)






REALITY HR LIMITED (REGISTERED NUMBER: 06192974)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 17,880 15,580
17,880 15,580

CURRENT ASSETS
Debtors 7 199,192 207,570
Cash at bank 307,941 312,835
507,133 520,405
CREDITORS
Amounts falling due within one year 8 254,819 247,013
NET CURRENT ASSETS 252,314 273,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,194

288,972

CREDITORS
Amounts falling due after more than one year 9 (12,231 ) (22,435 )

PROVISIONS FOR LIABILITIES (4,470 ) (2,960 )
NET ASSETS 253,493 263,577

CAPITAL AND RESERVES
Called up share capital 10 106 106
Retained earnings 253,387 263,471
SHAREHOLDERS' FUNDS 253,493 263,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2024 and were signed on its behalf by:



Mrs L M Hall - Director


REALITY HR LIMITED (REGISTERED NUMBER: 06192974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Reality HR Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 has been amortised evenly over the estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

REALITY HR LIMITED (REGISTERED NUMBER: 06192974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 20,006
AMORTISATION
At 1st April 2023
and 31st March 2024 20,006
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

6. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st April 2023 50,164
Additions 11,174
Disposals (3,537 )
At 31st March 2024 57,801
DEPRECIATION
At 1st April 2023 34,584
Charge for year 8,422
Eliminated on disposal (3,085 )
At 31st March 2024 39,921
NET BOOK VALUE
At 31st March 2024 17,880
At 31st March 2023 15,580

REALITY HR LIMITED (REGISTERED NUMBER: 06192974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,318 196,746
Other debtors 19,874 10,824
199,192 207,570

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 9,951
Trade creditors 57,151 64,627
Taxation and social security 172,713 160,018
Other creditors 14,751 12,417
254,819 247,013

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,231 22,435

The bank loans are guaranteed by the Government (being part of the Coronavirus Bounce Back Loan Scheme).

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
54 Ordinary £1 54 54
37 Ordinary A £1 37 37
9 Ordinary B £1 9 9
6 Ordinary C £1 6 6
106 106

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £12,758 (2023: £7,143). This amount is in relation to operating lease commitments which are payable over the next year (2023: payable over the next year).