1 April 2024 v2025.75.2 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP138617352024-04-012025-03-31138617352025-03-31138617352024-03-3113861735core:WithinOneYear2025-03-3113861735core:WithinOneYear2024-03-3113861735core:ShareCapital2025-03-3113861735core:ShareCapital2024-03-3113861735core:RetainedEarningsAccumulatedLosses2025-03-3113861735core:RetainedEarningsAccumulatedLosses2024-03-3113861735bus:Director12024-04-012025-03-3113861735bus:Director22024-04-012025-03-3113861735bus:RegisteredOffice2024-04-012025-03-3113861735core:OfficeEquipment2024-04-012025-03-31138617352023-04-012024-03-3113861735core:PlantMachinery2024-04-0113861735core:PlantMachinery2024-04-012025-03-3113861735core:PlantMachinery2025-03-3113861735core:PlantMachinery2024-03-311386173512024-04-012025-03-3113861735countries:EnglandWales2024-04-012025-03-3113861735bus:AuditExemptWithAccountantsReport2024-04-012025-03-3113861735bus:PrivateLimitedCompanyLtd2024-04-012025-03-3113861735bus:SmallEntities2024-04-012025-03-3113861735bus:FullAccounts2024-04-012025-03-31
Company registration number:
13861735
Human Factors Expertise Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Human Factors Expertise Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Human Factors Expertise Limited
Year ended
31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Human Factors Expertise Limited
for the year ended
31 March 2025
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Human Factors Expertise Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Human Factors Expertise Limited
and state those matters that we have agreed to state to the Board of Directors of
Human Factors Expertise Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Human Factors Expertise Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Human Factors Expertise Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Human Factors Expertise Limited
. You consider that
Human Factors Expertise Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Human Factors Expertise Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
Human Factors Expertise Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
5,421
 
1,909
 
Current assets    
Stocks
3,149
 
3,992
 
Debtors 6
38,398
 
31,596
 
Cash at bank and in hand
56,465
 
33,830
 
98,012
 
69,418
 
Creditors: amounts falling due within one year 7
(47,458
 )
(25,525
 )
Net current assets
50,554
 
43,893
 
Total assets less current liabilities 55,975   45,802  
Provisions for liabilities
(1,355
 )
(477
 )
Net assets
54,620
 
45,325
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
54,618
 
45,323
 
Shareholders funds
54,620
 
45,325
 
For the year ending
31 March 2025
, 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
19 November 2025
, and are signed on behalf of the board by:
J Bell
P Brockington
DirectorDirector
Company registration number:
13861735
Human Factors Expertise Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Marsland Chambers
,
1a Marsland Road
,
Sale Moor
,
Cheshire
,
M33 3HP
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
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.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes 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 entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
2,895
 
Additions
4,265
 
At
31 March 2025
7,160
 
Depreciation  
At
1 April 2024
986
 
Charge
753
 
At
31 March 2025
1,739
 
Carrying amount  
At
31 March 2025
5,421
 
At 31 March 2024
1,909
 

6 Debtors

20252024
££
Trade debtors
28,614
 
30,506
 
Other debtors
9,784
 
1,090
 
38,398
 
31,596
 

7 Creditors: amounts falling due within one year

20252024
££
Trade creditors
617
  -  
Taxation and social security
36,599
 
18,579
 
Other creditors
10,242
 
6,946
 
47,458
 
25,525
 

8 Directors' advances, credit and guarantees

The following advances and credits to directors J Bell and P Brockington subsisted during the years ended 31 March 2024 and 31 March 2025:
J Bell
Balance at 01/04/2023: £2,395 owed to the director
£776 was repaid to the director during the period.
Balance at 31/03/2024: £1,619 owed to the director.
Balance at 01/04/2024: £1,619 owed to the director.
£397 was repaid to the director during the period.
Balance at 31/03/2025: £1,222 owed to the director.
P Brockington
Balance at 01/04/2023: £9,909 owed to the director
£4,752 was repaid to the director during the period.
Balance at 31/03/2024: £5,157 owed to the director.
Balance at 01/04/2024: £5,157 owed to the director.
£4,374 was repaid to the director during the period.
Balance at 31/03/2025: £783 owed to the director.
The above loans are unsecured, interest free and repayable on demand.

9 Controlling party

During the year ended 31 March 2025, J Bell and P Brockington controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.