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31/07/2024
2024-07-31
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2023-08-01
Sage Accounts Production 24.0 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
05880048
2023-08-01
2024-07-31
05880048
2024-07-31
05880048
2023-07-31
05880048
2022-08-01
2023-07-31
05880048
2023-07-31
05880048
2022-07-31
05880048
bus:Director2
2023-08-01
2024-07-31
05880048
core:IntangibleAssetsOtherThanGoodwill
2023-07-31
05880048
core:IntangibleAssetsOtherThanGoodwill
2024-07-31
05880048
core:FurnitureFittingsToolsEquipment
2023-07-31
05880048
core:MotorVehicles
2023-07-31
05880048
core:FurnitureFittingsToolsEquipment
2024-07-31
05880048
core:MotorVehicles
2024-07-31
05880048
core:WithinOneYear
2024-07-31
05880048
core:WithinOneYear
2023-07-31
05880048
core:ShareCapital
2024-07-31
05880048
core:ShareCapital
2023-07-31
05880048
core:RetainedEarningsAccumulatedLosses
2024-07-31
05880048
core:RetainedEarningsAccumulatedLosses
2023-07-31
05880048
core:IntangibleAssetsOtherThanGoodwill
2023-08-01
2024-07-31
05880048
core:FurnitureFittingsToolsEquipment
2023-08-01
2024-07-31
05880048
core:MotorVehicles
2023-08-01
2024-07-31
05880048
core:IntangibleAssetsOtherThanGoodwill
2023-07-31
05880048
core:FurnitureFittingsToolsEquipment
2023-07-31
05880048
core:MotorVehicles
2023-07-31
05880048
bus:SmallEntities
2023-08-01
2024-07-31
05880048
bus:AuditExemptWithAccountantsReport
2023-08-01
2024-07-31
05880048
bus:SmallCompaniesRegimeForAccounts
2023-08-01
2024-07-31
05880048
bus:PrivateLimitedCompanyLtd
2023-08-01
2024-07-31
05880048
bus:FullAccounts
2023-08-01
2024-07-31
05880048
core:WithinOneYear
2023-08-01
2024-07-31
Company registration number:
05880048
Harley Street Solutions Limited
Unaudited filleted financial statements
31 July 2024
Harley Street Solutions Limited
Contents
Statement of financial position
Notes to the financial statements
Harley Street Solutions Limited
Statement of financial position
31 July 2024
|
|
|
31/07/24 |
|
|
|
31/07/23 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
187,107 |
|
|
|
176,826 |
|
|
Tangible assets |
|
7 |
26,788 |
|
|
|
48,729 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
213,895 |
|
|
|
225,555 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
18,832 |
|
|
|
15,732 |
|
|
Debtors |
|
8 |
323,218 |
|
|
|
165,723 |
|
|
Cash at bank and in hand |
|
|
335,400 |
|
|
|
441,792 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
677,450 |
|
|
|
623,247 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
124,528) |
|
|
|
(
181,159) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
552,922 |
|
|
|
442,088 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
766,817 |
|
|
|
667,643 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
6,644) |
|
|
|
(
14,874) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
760,173 |
|
|
|
652,769 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
760,073 |
|
|
|
652,669 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
760,173 |
|
|
|
652,769 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
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|
|
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 April 2025
, and are signed on behalf of the board by:
Mrs Geeta Devi Gupta
Director
Company registration number:
05880048
Harley Street Solutions Limited
Notes to the financial statements
Year ended 31 July 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Scottish Provident House, 3rd Floor, 76 - 80 College Road, Harrow, Middlesex, HA1 1BQ.
The principal activity of the company has been that of providing courses in time management and related matters including management of stress and retailing of DVD's and related books for courses and programmes dealing in health & related matters.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with his responsibilities as director, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future with continuing financial support from the shareholders. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and Software developments costs
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years. The software development costs are capitalised. The amortisation is calculated to write off the cost in equal amounts over 10 years. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
Straight line over 4 years |
|
|
Motor vehicles |
- |
Straight line over 4 years |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost included all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
The pension costs charged in the financial statements represent the contribution payable by the company during the year. Contributions are charged to the profit and loss account as they become payable in accordance with rules of the scheme.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:
|
|
|
Year |
Period |
|
|
|
ended |
ended |
|
|
|
31/07/24 |
31/07/23 |
|
|
|
£ |
£ |
|
Remuneration |
|
3,360 |
2,520 |
|
Company contributions to company pension schemes |
|
- |
400,000 |
|
|
|
_______ |
_______ |
|
|
|
3,360 |
402,520 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The number of directors who accrued benefits under company pension plans was as follows:
|
|
|
Year |
Period |
|
|
|
ended |
ended |
|
|
|
31/07/24 |
31/07/23 |
|
|
|
Number |
Number |
|
Defined contribution plans |
|
1 |
1 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Intangible assets
|
|
Other intangible assets |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 August 2023 |
319,233 |
319,233 |
|
|
|
|
|
Additions |
39,490 |
39,490 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2024 |
358,723 |
358,723 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 August 2023 |
142,407 |
142,407 |
|
|
|
|
|
Charge for the year |
29,209 |
29,209 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2024 |
171,616 |
171,616 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 July 2024 |
187,107 |
187,107 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
176,826 |
176,826 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 August 2023 and 31 July 2024 |
23,956 |
85,518 |
109,474 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 August 2023 |
23,053 |
37,692 |
60,745 |
|
|
|
|
|
Charge for the year |
561 |
21,380 |
21,941 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2024 |
23,614 |
59,072 |
82,686 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 July 2024 |
342 |
26,446 |
26,788 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
903 |
47,826 |
48,729 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
31/07/24 |
31/07/23 |
|
|
|
£ |
£ |
|
Trade debtors |
|
189,571 |
27,428 |
|
Other debtors |
|
133,647 |
138,295 |
|
|
|
_______ |
_______ |
|
|
|
323,218 |
165,723 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within the other debtors is balance amounting to £125,000 owed by a Zunikh Property Developments Ltd. The amounts owed are unsecured, interest free and repayable on completion of a project on the agreed basis of the profit share
.
9.
Creditors: amounts falling due within one year
|
|
|
31/07/24 |
31/07/23 |
|
|
|
£ |
£ |
|
Trade creditors |
|
41,899 |
14,844 |
|
Corporation tax |
|
37,449 |
129,478 |
|
Social security and other taxes |
|
1,860 |
- |
|
Other creditors |
|
43,320 |
36,837 |
|
|
|
_______ |
_______ |
|
|
|
124,528 |
181,159 |
|
|
|
_______ |
_______ |
|
|
|
|
|
At the balance sheet date, other creditors include balance due to director Ashok Gupta amounting to £21,313. The balance is unsecured, Interest free and repayable on demand.
10.
Comparative period
The current year figures are for the year from 1 August 2023 to 31 July 2024 and the comparatives are for the period from 1 February 2023 to 31 July 2023.