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REGISTERED NUMBER: 06328778 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

H.R.S. PROPERTY SERVICES LIMITED

H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


H.R.S. PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: D Asquith
Mrs T Asquith





SECRETARY: D Asquith





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 06328778 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,518 5,043
Tangible assets 5 34,402 41,918
36,920 46,961

CURRENT ASSETS
Stocks 6 350 750
Debtors 7 130,821 101,450
Cash at bank 96,652 285,861
227,823 388,061
CREDITORS
Amounts falling due within one year 8 50,045 82,274
NET CURRENT ASSETS 177,778 305,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,698

352,748

PROVISIONS FOR LIABILITIES 9 6,131 8,648
NET ASSETS 208,567 344,100

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 208,566 344,099
SHAREHOLDERS' FUNDS 208,567 344,100

H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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

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

The directors acknowledge their 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 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2025 and were signed on its behalf by:





D Asquith - Director


H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

H.R.S. Property Services 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.

Goodwill
On the transition to FRS102s1a, goodwill is to be written off over a 10 year period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 42,073
AMORTISATION
At 1 August 2023 37,030
Amortisation for year 2,525
At 31 July 2024 39,555
NET BOOK VALUE
At 31 July 2024 2,518
At 31 July 2023 5,043

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 12,739 3,766 77,403 4,234 98,142
Additions - - - 524 524
At 31 July 2024 12,739 3,766 77,403 4,758 98,666
DEPRECIATION
At 1 August 2023 9,348 2,510 40,289 4,077 56,224
Charge for year 337 124 7,423 156 8,040
At 31 July 2024 9,685 2,634 47,712 4,233 64,264
NET BOOK VALUE
At 31 July 2024 3,054 1,132 29,691 525 34,402
At 31 July 2023 3,391 1,256 37,114 157 41,918

H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. STOCKS
2024 2023
£    £   
Stocks 350 750

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,370 61,498
Other debtors 1,927 1,927
Directors' current accounts 22,496 35,061
Tax 12,869 -
Prepayments 12,159 2,964
130,821 101,450

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 686
Tax - 16,688
Social security and other taxes 1,804 1,089
VAT 41,685 53,386
Other creditors 1,831 2,940
Accrued expenses 4,725 7,485
50,045 82,274

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,131 8,648

Deferred
tax
£   
Balance at 1 August 2023 8,648
Provided during year (2,517 )
Balance at 31 July 2024 6,131

H.R.S. PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06328778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
D Asquith and Mrs T Asquith
Balance outstanding at start of year 35,061 45,246
Amounts advanced 22,496 35,061
Amounts repaid (35,061 ) (45,246 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,496 35,061

11. ULTIMATE CONTROLLING PARTY

Mr D Asquith, director, together with close members of his family, controls the company by virtue of holding 100% of the issued share capital.