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REGISTERED NUMBER: 06977572 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INK HR LIMITED

INK HR LIMITED (REGISTERED NUMBER: 06977572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INK HR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr W J Johnson
Mrs R D Johnson





REGISTERED OFFICE: 18 The Point
Market Harborough
LE16 7QU





REGISTERED NUMBER: 06977572 (England and Wales)

INK HR LIMITED (REGISTERED NUMBER: 06977572)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,782 8,045
21,782 8,045

CURRENT ASSETS
Debtors 6 60,601 57,257
Cash at bank 90,988 105,681
151,589 162,938
CREDITORS
Amounts falling due within one year 7 68,246 65,563
NET CURRENT ASSETS 83,343 97,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,125

105,420

CREDITORS
Amounts falling due after more than one
year

8

(27,750

)

(37,890

)

PROVISIONS FOR LIABILITIES (4,296 ) (549 )
NET ASSETS 73,079 66,981

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 17,486 17,486
Retained earnings 55,393 49,295
SHAREHOLDERS' FUNDS 73,079 66,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

INK HR LIMITED (REGISTERED NUMBER: 06977572)

BALANCE SHEET - continued
31 DECEMBER 2023


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 9 September 2024 and were signed on its behalf by:





Mr W J Johnson - Director


INK HR LIMITED (REGISTERED NUMBER: 06977572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ink 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.

2. ACCOUNTING POLICIES

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

Turnover
Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides HR services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the date the work is performed.

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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

INK HR LIMITED (REGISTERED NUMBER: 06977572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 3,876
AMORTISATION
At 1 January 2023
and 31 December 2023 3,876
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 5,820 10,337 16,157
Additions 17,176 - 1,759 18,935
At 31 December 2023 17,176 5,820 12,096 35,092
DEPRECIATION
At 1 January 2023 - 3,423 4,689 8,112
Charge for year 3,435 479 1,284 5,198
At 31 December 2023 3,435 3,902 5,973 13,310
NET BOOK VALUE
At 31 December 2023 13,741 1,918 6,123 21,782
At 31 December 2022 - 2,397 5,648 8,045

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,969 52,761
Other debtors 7,632 4,496
60,601 57,257

INK HR LIMITED (REGISTERED NUMBER: 06977572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 22,196 5,535
Taxation and social security 23,682 33,152
Other creditors 13,368 17,876
68,246 65,563

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,750 21,750
Other creditors 15,000 16,140
27,750 37,890

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
93 Ordinary A £1 93 93
93 Ordinary B £1 93 93
14 Ordinary C £1 14 14
200 200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs R D Johnson
Balance outstanding at start of year - -
Amounts advanced 426 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 426 -