REGISTERED NUMBER: 10435951 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

HR Service Consulting Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Dr E Collins

REGISTERED OFFICE:

15 Woodlands Avenue

Emsworth

PO10 7QB

REGISTERED NUMBER:

10435951 (England and Wales)

ACCOUNTANTS:

AJ Wheeler Limited

338 London Road

Portsmouth

Hampshire

PO2 9JY

The director presents her report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of HR Consultancy

DIRECTOR

Dr E Collins held office during the whole of the period from 1 November 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dr E Collins - Director

4 April 2025

TURNOVER

108,255

145,663

Administrative expenses

85,526

73,531

22,729

72,132

Other operating income

500

-

OPERATING PROFIT

4

23,229

72,132

Interest receivable and similar income

148

126

23,377

72,258

Interest payable and similar expenses

135

-

PROFIT BEFORE TAXATION

23,242

72,258

Tax on profit

(1,717

)

14,707

PROFIT FOR THE FINANCIAL YEAR

24,959

57,551

FIXED ASSETS

Tangible assets

5

31,887

1,454

CURRENT ASSETS

Stocks

-

1,500

Debtors

6

4,597

-

Cash at bank

5,093

37,658

9,690

39,158

CREDITORS

Amounts falling due within one year

7

17,710

21,905

NET CURRENT (LIABILITIES)/ASSETS

(8,020

)

17,253

TOTAL ASSETS LESS CURRENT LIABILITIES

23,867

18,707

CREDITORS

Amounts falling due after more than one year

8

19,701

-

NET ASSETS

4,166

18,707

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,164

18,705

4,166

18,707

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

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

The director acknowledges her 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:

Dr E Collins - Director

1.	STATUTORY INFORMATION

HR Service Consulting Ltd 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2023 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

3,597

703

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2023

3,228

-

290

3,518

Additions

990

33,040

-

34,030

At 31 October 2024

4,218

33,040

290

37,548

DEPRECIATION

At 1 November 2023

1,774

-

290

2,064

Charge for year

844

2,753

-

3,597

At 31 October 2024

2,618

2,753

290

5,661

NET BOOK VALUE

At 31 October 2024

1,600

30,287

-

31,887

At 31 October 2023

1,454

-

-

1,454

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,880

-

Other debtors

1,717

-

4,597

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

2,471

-

Trade creditors

-

1,594

Taxation and social security

3,506

19,570

Other creditors

11,733

741

17,710

21,905

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

19,701

-