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Company Registration No. 09297320 (England and Wales)
SLM HR LIMITED Unaudited accounts for the year ended 31 March 2024
SLM HR LIMITED Unaudited accounts Contents
Page
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SLM HR LIMITED Company Information for the year ended 31 March 2024
Director
Sara Marrett
Company Number
09297320 (England and Wales)
Registered Office
Suite 12 New Venture House Worcester Worcestershire WR2 4AY United Kingdom
Accountants
Adder Bookkeeping Ltd Unit 20 Craycombe Farm Evesham Road Fladbury Worcestershire WR10 2QS
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SLM HR LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
235 
285 
Current assets
Debtors
37,786 
37,712 
Cash at bank and in hand
5,805 
1,159 
43,591 
38,871 
Creditors: amounts falling due within one year
(15,900)
(35,161)
Net current assets
27,691 
3,710 
Total assets less current liabilities
27,926 
3,995 
Creditors: amounts falling due after more than one year
(27,047)
(12,948)
Net assets/(liabilities)
879 
(8,953)
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
829 
(9,003)
Shareholders' funds
879 
(8,953)
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 9 August 2024 and were signed on its behalf by
Sara Marrett Director Company Registration No. 09297320
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SLM HR LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SLM HR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09297320. The registered office is Suite 12, New Venture House, Worcester, Worcestershire, WR2 4AY, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
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
17.5% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,461 
At 31 March 2024
1,461 
Depreciation
At 1 April 2023
1,176 
Charge for the year
50 
At 31 March 2024
1,226 
Net book value
At 31 March 2024
235 
At 31 March 2023
285 
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SLM HR LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,676 
5,029 
Accrued income and prepayments
7,889 
9,726 
Other debtors
520 
557 
11,085 
15,312 
Amounts falling due after more than one year
Other debtors
26,701 
22,400 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,464 
14,907 
VAT
1,563 
2,245 
Trade creditors
10,269 
15,493 
Taxes and social security
1,604 
1,116 
Other creditors
- 
1,400 
15,900 
35,161 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,047 
12,948 
The balance of £27,047 is made up of two loans, a Funding Circle Loan and Bounce Back Loan. Bounce Back Loan Scheme (Government backed scheme). £20,000 with fixed interest rate of 2.5%. 6 year loan term. Balance as at 31st Mar 24 £7,688. Funding Circle Loan. 24 month loan of £20,600. Fixed interest rate of 33.90% per annum. Balance as at 31st Mar 24 £19,359.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
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SLM HR LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sara Marrett
Director's Loan Account
16,722 
4,405 
1,000 
20,127 
16,722 
4,405 
1,000 
20,127 
The above loan is unsecured, repayable on demand and had interest charged on it during the year. The c/f balance of £20,127 is included in other debtors falling due after more than one year (note 6). The remaining balance of £6,574 in debtors falling due after more than one year is S455 tax, which is expected to be repaid to SLM HR Limited from HMRC once this Director's Loan has been repaid.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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