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REGISTERED NUMBER: 08004727 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE SCHOOLS HR CO-OPERATIVE LIMITED

THE SCHOOLS HR CO-OPERATIVE LIMITED (REGISTERED NUMBER: 08004727)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


THE SCHOOLS HR CO-OPERATIVE LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M S Charlton





REGISTERED OFFICE: Unit 1 Britannia Court
The Green
West Drayton
UB7 7PN





REGISTERED NUMBER: 08004727 (England and Wales)





ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Schools HR Co-operative Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Schools HR Co-operative Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Schools HR Co-operative Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Schools HR Co-operative Limited and state those matters that we have agreed to state to the director of The Schools HR Co-operative Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Schools HR Co-operative Limited and its director for our work or for this report.

It is your duty to ensure that The Schools HR Co-operative Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Schools HR Co-operative Limited. You consider that The Schools HR Co-operative Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Schools HR Co-operative Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


25 November 2024

THE SCHOOLS HR CO-OPERATIVE LIMITED (REGISTERED NUMBER: 08004727)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 589,794 582,602

CURRENT ASSETS
Debtors 5 14,876 101,565
Cash at bank 605,538 618,261
620,414 719,826
CREDITORS
Amounts falling due within one year 6 187,912 323,819
NET CURRENT ASSETS 432,502 396,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,296

978,609

CREDITORS
Amounts falling due after more than one
year

7

(160,092

)

(181,977

)

PROVISIONS FOR LIABILITIES (859 ) (2,428 )
NET ASSETS 861,345 794,204

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 6 6
Share option reserve 22,110 22,110
Retained earnings 839,178 772,037
861,345 794,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THE SCHOOLS HR CO-OPERATIVE LIMITED (REGISTERED NUMBER: 08004727)

Balance Sheet - continued
31 MARCH 2024


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 director and authorised for issue on 25 November 2024 and were signed by:





M S Charlton - Director


THE SCHOOLS HR CO-OPERATIVE LIMITED (REGISTERED NUMBER: 08004727)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Schools HR Co-operative 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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

THE SCHOOLS HR CO-OPERATIVE LIMITED (REGISTERED NUMBER: 08004727)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 651,759 155,338 807,097
Additions 27,000 2,748 29,748
At 31 March 2024 678,759 158,086 836,845
DEPRECIATION
At 1 April 2023 78,870 145,625 224,495
Charge for year 13,530 9,026 22,556
At 31 March 2024 92,400 154,651 247,051
NET BOOK VALUE
At 31 March 2024 586,359 3,435 589,794
At 31 March 2023 572,889 9,713 582,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,744 101,433
Other debtors 132 132
14,876 101,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,019 42,153
Trade creditors 15,503 57,341
Taxation and social security 107,198 100,871
Other creditors 33,192 123,454
187,912 323,819

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 160,092 181,977

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,016 13,365