REGISTERED NUMBER: 10690925 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HUMANKIND RESEARCH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J M K Lister

T R Silverman

Mrs G Steeden

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

10690925 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

5,534

11,014

CURRENT ASSETS

Debtors

4

342,639

367,363

Cash at bank

368,147

409,544

710,786

776,907

CREDITORS

Amounts falling due within one year

5

220,562

315,412

NET CURRENT ASSETS

490,224

461,495

TOTAL ASSETS LESS CURRENT LIABILITIES

495,758

472,509

PROVISIONS FOR LIABILITIES

1,384

2,753

NET ASSETS

494,374

469,756

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

494,275

469,657

494,374

469,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2025 and were signed on its behalf by:

Mrs G Steeden - Director

Ms J M K Lister - Director

T R Silverman - Director

1.	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 sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 18 ) .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

30,549

Additions

1,107

At 31 March 2025

31,656

DEPRECIATION

At 1 April 2024

19,535

Charge for year

6,587

At 31 March 2025

26,122

NET BOOK VALUE

At 31 March 2025

5,534

At 31 March 2024

11,014

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

342,639

367,363

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

31,671

85,085

Tax

36,876

55,199

Social security and other taxes

42,267

29,497

VAT

92,680

130,664

Other creditors

15,068

13,082

Accrued expenses

2,000

1,885

220,562

315,412

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J M K Lister, T R Silverman &Mrs G Steeden.

This was by virtue of their 100% holding of the issued share capital.