Registration number:
The HR PSV Consultancy Limited
for the Year Ended 30 September 2023
The HR PSV Consultancy Limited
(Registration number: 04295776)
Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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|
Capital and reserves |
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Called up share capital |
4 |
4 |
|
Profit and loss account |
14,413 |
13,809 |
|
Shareholders' funds |
14,417 |
13,813 |
For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
The HR PSV Consultancy Limited
(Registration number: 04295776)
Balance Sheet as at 30 September 2023
These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
.........................................
Company secretary and director
The HR PSV Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Accounting policies |
The HR PSV Consultancy Limited is a private company, limited by shares, domiciled in England and Wales, company number 04295776. The registered office is at
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Government grants
Grants that do not impose specified future performance-related conditions are recognised in income when the grant proceeds are received or receivable. Grants that impose specified future performance-related conditions are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
The HR PSV Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
25% reducing balance |
Office equipment |
25% reducing balance |
Land and buildings are not depreciated as the buildings are maintained to a standard that negates any potential diminution in value.
All assets are reviewed regularly for any indicators of impairment.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
The HR PSV Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023
Tangible assets |
Land and buildings |
Office equipment |
Motor vehicles |
Total |
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Cost |
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At 1 October 2022 |
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At 30 September 2023 |
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Depreciation |
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At 1 October 2022 |
- |
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Charge for the year |
- |
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At 30 September 2023 |
- |
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Carrying amount |
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At 30 September 2023 |
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At 30 September 2022 |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
- |
|
|
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Creditors: amounts falling due after more than one year
2023 |
2022 |
|
Bank borrowings |
10,438 |
15,802 |
Other borrowings |
30,742 |
30,742 |
41,180 |
46,544 |
Control |
The company is controlled by Mr H J Ramm, the sole director and shareholder.