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Company Registration No. 14728480 (England and Wales)
P Squared HR Limited Unaudited accounts for the period from 14 March 2023 to 31 March 2024
P Squared HR Limited Unaudited accounts Contents
Page
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P Squared HR Limited Company Information for the period from 14 March 2023 to 31 March 2024
Directors
Pamela Rawlings Paul Rawlings
Company Number
14728480 (England and Wales)
Registered Office
Carpenter Court, 1 Maple Road Bramhall Stockport Cheshire SK7 2DH
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P Squared HR Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
70,627 
Tangible assets
3,040 
73,667 
Current assets
Debtors
9,442 
Cash at bank and in hand
39,139 
48,581 
Creditors: amounts falling due within one year
(37,464)
Net current assets
11,117 
Total assets less current liabilities
84,784 
Creditors: amounts falling due after more than one year
(35,194)
Net assets
49,590 
Capital and reserves
Profit and loss account
49,590 
Shareholders' funds
49,590 
For the period 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 directors acknowledge their 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 of Directors and authorised for issue on 14 May 2024 and were signed on its behalf by
Pamela Rawlings Director Company Registration No. 14728480
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P Squared HR Limited Notes to the Accounts for the period from 14 March 2023 to 31 March 2024
1
Statutory information
P Squared HR Limited is a private company, limited by shares, registered in England and Wales, registration number 14728480. The registered office is Carpenter Court, 1 Maple Road, Bramhall, Stockport, Cheshire, SK7 2DH.
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 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.
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
Depreciation over 3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 14 March 2023
- 
Additions
75,537 
At 31 March 2024
75,537 
Amortisation
At 14 March 2023
- 
Charge for the period
4,910 
At 31 March 2024
4,910 
Net book value
At 31 March 2024
70,627 
Intangible fixed assets amortized at 6.5% straight line per annum
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P Squared HR Limited Notes to the Accounts for the period from 14 March 2023 to 31 March 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 14 March 2023
- 
Additions
3,172 
At 31 March 2024
3,172 
Depreciation
At 14 March 2023
132 
At 31 March 2024
132 
Net book value
At 31 March 2024
3,040 
6
Debtors
2024 
£ 
Amounts falling due after more than one year
Trade debtors
9,442 
7
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
5,000 
VAT
6,488 
Trade creditors
423 
Taxes and social security
14,602 
Other creditors
10,951 
37,464 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
17,917 
Loans from directors
17,277 
35,194 
9
Average number of employees
During the period the average number of employees was 3.
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