Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-07-01falseThe prinicpal activity was that of HR services.11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09973132 2023-07-01 2024-09-30 09973132 2022-07-01 2023-06-30 09973132 2024-09-30 09973132 2023-06-30 09973132 c:Director2 2023-07-01 2024-09-30 09973132 d:FurnitureFittings 2023-07-01 2024-09-30 09973132 d:FurnitureFittings 2024-09-30 09973132 d:FurnitureFittings 2023-06-30 09973132 d:OfficeEquipment 2023-07-01 2024-09-30 09973132 d:CurrentFinancialInstruments 2024-09-30 09973132 d:CurrentFinancialInstruments 2023-06-30 09973132 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09973132 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09973132 d:ShareCapital 2024-09-30 09973132 d:ShareCapital 2023-06-30 09973132 d:RetainedEarningsAccumulatedLosses 2024-09-30 09973132 d:RetainedEarningsAccumulatedLosses 2023-06-30 09973132 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 09973132 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 09973132 c:FRS102 2023-07-01 2024-09-30 09973132 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-09-30 09973132 c:FullAccounts 2023-07-01 2024-09-30 09973132 c:PrivateLimitedCompanyLtd 2023-07-01 2024-09-30 09973132 2 2023-07-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 09973132









HUMAN CAPITAL SQUARED LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
HUMAN CAPITAL SQUARED LIMITED
REGISTERED NUMBER: 09973132

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
30 June
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
3,381

  
-
3,381

Current assets
  

Debtors: amounts falling due within one year
 5 
-
195

Cash at bank and in hand
 6 
54,155
27,413

  
54,155
27,608

Creditors: amounts falling due within one year
 7 
(54,055)
(15,667)

Net current assets
  
 
 
100
 
 
11,941

Total assets less current liabilities
  
100
15,322

  

Net assets
  
100
15,322


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
15,222

  
100
15,322


Page 1

 
HUMAN CAPITAL SQUARED LIMITED
REGISTERED NUMBER: 09973132
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2025.




................................................
Jeffery Salisbury
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HUMAN CAPITAL SQUARED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Human Capital Squared Limited is a private company, limited by shares, incorporated in England and Wales.  The principal activity of the Company throughout the year was the provision of HR services. The Company ceased trading on 30 September 2024.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
HUMAN CAPITAL SQUARED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
HUMAN CAPITAL SQUARED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Tangible fixed assets







Office Equipment

£





At 1 July 2023
7,021


Disposals
(7,021)



At 30 September 2024

-





At 1 July 2023
3,640


Disposals
(3,640)



At 30 September 2024

-



Net book value



At 30 September 2024
-



At 30 June 2023
3,381

Page 5

 
HUMAN CAPITAL SQUARED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Debtors

30 September
30 June
2024
2023
£
£


Prepayments and accrued income
-
195

-
195



6.


Cash and cash equivalents

30 September
30 June
2024
2023
£
£

Cash at bank and in hand
54,155
27,413

54,155
27,413



7.


Creditors: Amounts falling due within one year

30 September
30 June
2024
2023
£
£

Corporation tax
2,406
-

Other creditors
50,329
14,647

Accruals and deferred income
1,320
1,020

54,055
15,667


Page 6

 
HUMAN CAPITAL SQUARED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Financial instruments

30 September
30 June
2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
54,155
27,413




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Controlling party

The Company is controlled by the director, Jeffery Salisbury, by virtue of his shareholding as described in the directors' report. 

 
Page 7