Registered number
11341878
StirlingHR Limited
Unaudited Filleted Accounts
31 May 2024
StirlingHR Limited
Registered number: 11341878
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,626 34,981
Current assets
Debtors 4 8,201 3,873
Cash at bank and in hand 58,626 58,603
66,827 62,476
Creditors: amounts falling due within one year 5 (43,698) (31,240)
Net current assets 23,129 31,236
Total assets less current liabilities 51,755 66,217
Creditors: amounts falling due after more than one year 6 (23,843) (28,718)
Provisions for liabilities (7,156) (8,745)
Net assets 20,756 28,754
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,656 28,654
Shareholder's funds 20,756 28,754
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C Fuller
Director
Approved by the board on 12 December 2024
StirlingHR Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 June 2023 4,413 48,500 52,913
Additions 2,731 - 2,731
At 31 May 2024 7,144 48,500 55,644
Depreciation
At 1 June 2023 2,018 15,914 17,932
Charge for the year 940 8,146 9,086
At 31 May 2024 2,958 24,060 27,018
Net book value
At 31 May 2024 4,186 24,440 28,626
At 31 May 2023 2,395 32,586 34,981
4 Debtors 2024 2023
£ £
Trade debtors 7,215 2,654
Other debtors 986 1,219
8,201 3,873
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 4,875 4,875
Directors account 1,106 -
Taxation and social security costs 37,717 26,173
Other creditors - 192
43,698 31,240
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 23,843 28,718
7 Other information
StirlingHR Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A, Farriers Courtyard
Spelmonden Farm, Spelmonden Road
Goudhurst
Kent
TN17 1HE
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