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Company Registration No. 12288008 (England and Wales)
Hydra Talent Solutions Ltd Unaudited accounts for the year ended 31 October 2023
Hydra Talent Solutions Ltd Unaudited accounts Contents
Page
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Hydra Talent Solutions Ltd Company Information for the year ended 31 October 2023
Director
H Arif
Company Number
12288008 (England and Wales)
Registered Office
10,40 Pall Mall 10,40 Pall Mall Liverpool L3 6ES England
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Hydra Talent Solutions Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,503 
663 
Current assets
Debtors
9,622 
2,074 
Cash at bank and in hand
5,460 
27,619 
15,082 
29,693 
Creditors: amounts falling due within one year
(16,194)
(20,297)
Net current (liabilities)/assets
(1,112)
9,396 
Total assets less current liabilities
391 
10,059 
Provisions for liabilities
Deferred tax
(286)
(126)
Net assets
105 
9,933 
Capital and reserves
Called up share capital
100 
1 
Profit and loss account
5 
9,932 
Shareholders' funds
105 
9,933 
For the year ending 31 October 2023 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 his 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 28 October 2024 and were signed on its behalf by
H Arif Director Company Registration No. 12288008
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Hydra Talent Solutions Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Hydra Talent Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12288008. The registered office is 10,40 Pall Mall 10,40 Pall Mall, Liverpool, L3 6ES, England.
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.
Tangible fixed assets and depreciation
Depreciation is provided using the rates to reduce by annual instalments the cost of the tangible assets over their estimated useful lives as follows:
Computer equipment
33% Straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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Hydra Talent Solutions Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,987 
Additions
2,253 
At 31 October 2023
4,240 
Depreciation
At 1 November 2022
1,324 
Charge for the year
1,413 
At 31 October 2023
2,737 
Net book value
At 31 October 2023
1,503 
At 31 October 2022
663 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,622 
2,074 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
15,194 
19,297 
Other creditors
1,000 
1,000 
16,194 
20,297 
7
Transactions with related parties
Mr. H.R. Arif, the director of the company during the year, owned 100% of the issued share capital. At the balance sheet date, Mr. Arif owed the company £9,622 (2022 - £Nil)
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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