MB Human Resources Consulting Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08317328 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MB HUMAN RESOURCES CONSULTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms E L Barugh

REGISTERED OFFICE:

24 St Cuthberts Way

Darlington

DL1 1GB

REGISTERED NUMBER:

08317328 (England and Wales)

ACCOUNTANTS:

CP Waites

Chartered Accountants

24 St Cuthberts Way

Darlington

DL1 1GB

FIXED ASSETS

Tangible assets

4

24,403

1,707

CURRENT ASSETS

Debtors

5

19,789

13,610

Cash at bank

24,298

5

44,087

13,615

CREDITORS

Amounts falling due within one year

6

36,775

23,281

NET CURRENT ASSETS/(LIABILITIES)

7,312

(9,666

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,715

(7,959

)

CREDITORS

Amounts falling due after more than one
year

7

(24,100

)

(3,986

)

PROVISIONS FOR LIABILITIES

10

(4,700

)

(450

)

NET ASSETS/(LIABILITIES)

2,915

(12,395

)

CAPITAL AND RESERVES

Called up share capital

11

2,000

Retained earnings

915

(14,395

)

SHAREHOLDERS' FUNDS

2,915

(12,395

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Ms E L Barugh - Director

1.	STATUTORY INFORMATION

MB Human Resources 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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 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.

Hire purchase commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

-

2,309

Additions

29,480

1,050

30,530

At 31 December 2024

29,480

3,359

32,839

DEPRECIATION

At 1 January 2024

-

602

Charge for year

7,370

464

7,834

At 31 December 2024

7,370

1,066

8,436

NET BOOK VALUE

At 31 December 2024

22,110

2,293

24,403

At 31 December 2023

-

1,707

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

29,480

At 31 December 2024

29,480

DEPRECIATION

Charge for year

7,370

At 31 December 2024

7,370

NET BOOK VALUE

At 31 December 2024

22,110

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

9,805

10,026

Amount due from related party

-

3,424

Director's loan account

8,887

-

Prepayments and accrued income

1,097

160

19,789

13,610

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

2,799

6,381

Hire purchase contracts (see note 8)

4,330

-

Corporation tax

15,776

6,386

Social security and other taxes

12,535

8,114

Director's loan account

-

295

Accrued expenses

1,335

2,105

36,775

23,281

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans falling due in two to five years
repayable by instalments

1,186

3,986

Hire purchase contracts (see note 8)

22,914

-

24,100

3,986

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

Net obligations repayable:

Within one year

4,330

-

Between one and five years

22,914

-

27,244

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

27,244

-

The hire purchase contracts are secured by the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

4,700

450

Deferred

tax

£

Balance at 1 January 2024

450

Movement in the year

4,250

Balance at 31 December 2024

4,700

The deferred tax provision relates to accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2,000

Ordinary

1

2,000

12.	RELATED PARTY DISCLOSURES

During the year, dividends totalling £57,618 (2023 - £52,907) were paid to the director.

The director is also a director and shareholder of Mordon Lodges Limited. At the balance sheet date £3,424 (2023 - £3,424) was due from Mordon Lodges Limited. In 2024 this has been fully provided for as a doubtful debt.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E L Barugh who owns the entire issued share capital of the company.