The HR PSV Consultancy Limited 04295776 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the sale of general goods and the provision of consultancy services to the hotel industry Digita Accounts Production Advanced 6.30.9574.0 true true 04295776 2023-10-01 2024-09-30 04295776 2024-09-30 04295776 core:RetainedEarningsAccumulatedLosses 2024-09-30 04295776 core:ShareCapital 2024-09-30 04295776 core:CurrentFinancialInstruments 2024-09-30 04295776 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04295776 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 04295776 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 04295776 core:MotorVehicles 2024-09-30 04295776 core:OfficeEquipment 2024-09-30 04295776 bus:SmallEntities 2023-10-01 2024-09-30 04295776 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04295776 bus:FilletedAccounts 2023-10-01 2024-09-30 04295776 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04295776 bus:RegisteredOffice 2023-10-01 2024-09-30 04295776 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 04295776 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04295776 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04295776 core:MotorVehicles 2023-10-01 2024-09-30 04295776 core:OfficeEquipment 2023-10-01 2024-09-30 04295776 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04295776 core:Vehicles 2023-10-01 2024-09-30 04295776 countries:AllCountries 2023-10-01 2024-09-30 04295776 2023-09-30 04295776 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 04295776 core:MotorVehicles 2023-09-30 04295776 core:OfficeEquipment 2023-09-30 04295776 2022-10-01 2023-09-30 04295776 2023-09-30 04295776 core:RetainedEarningsAccumulatedLosses 2023-09-30 04295776 core:ShareCapital 2023-09-30 04295776 core:CurrentFinancialInstruments 2023-09-30 04295776 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04295776 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 04295776 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 04295776 core:MotorVehicles 2023-09-30 04295776 core:OfficeEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 04295776

The HR PSV Consultancy Limited

Director's Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

The HR PSV Consultancy Limited

(Registration number: 04295776)

Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

50,939

51,337

Current assets

 

Stocks

500

11,500

Debtors

4

28,000

-

Cash at bank and in hand

 

11,082

6,374

 

39,582

17,874

Creditors: Amounts falling due within one year

5

(17,857)

(13,614)

Net current assets

 

21,725

4,260

Total assets less current liabilities

 

72,664

55,597

Creditors: Amounts falling due after more than one year

5

(37,762)

(41,180)

Net assets

 

34,902

14,417

Capital and reserves

 

Called up share capital

4

4

Retained earnings

34,898

14,413

Shareholders' funds

 

34,902

14,417

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

 

The HR PSV Consultancy Limited

(Registration number: 04295776)

Balance Sheet as at 30 September 2024 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 27 June 2025
 

.........................................

H J Ramm

Company secretary and director

 

The HR PSV Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

Accounting policies

The HR PSV Consultancy Limited is a private company, limited by shares, domiciled in England and Wales, company number 04295776. The registered office is at 39 Clough Lane, Heywood, Lancashire, OL10 4AW.
 

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

The HR PSV Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

1

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Land and buildings are not depreciated as the buildings are maintained to a standard that negates any potential diminution in value.

All assets are reviewed regularly for any indicators of impairment.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The HR PSV Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

1

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

The HR PSV Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

3

Tangible assets

Land and buildings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 October 2023

49,742

4,461

15,705

69,908

At 30 September 2024

49,742

4,461

15,705

69,908

Depreciation

At 1 October 2023

-

4,438

14,133

18,571

Charge for the year

-

5

393

398

At 30 September 2024

-

4,443

14,526

18,969

Carrying amount

At 30 September 2024

49,742

18

1,179

50,939

At 30 September 2023

49,742

23

1,572

51,337

4

Debtors

Current

2024
£

2023
£

Trade debtors

28,000

-

 

28,000

-

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

11,551

11,972

Income tax liability

6,306

1,642

 

17,857

13,614

Due after one year

 

Loans and borrowings

37,762

41,180

6

Control

The company is controlled by Mr H J Ramm, the sole director and shareholder.