2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,201 1,370 4,571 3,098 559 3,657 914 103 xbrli:pure xbrli:shares iso4217:GBP 04759951 2024-06-01 2025-05-31 04759951 2025-05-31 04759951 2024-05-31 04759951 2023-06-01 2024-05-31 04759951 2024-05-31 04759951 2023-05-31 04759951 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 04759951 bus:Director2 2024-06-01 2025-05-31 04759951 core:WithinOneYear 2025-05-31 04759951 core:WithinOneYear 2024-05-31 04759951 core:ShareCapital 2025-05-31 04759951 core:ShareCapital 2024-05-31 04759951 core:RetainedEarningsAccumulatedLosses 2025-05-31 04759951 core:RetainedEarningsAccumulatedLosses 2024-05-31 04759951 bus:SmallEntities 2024-06-01 2025-05-31 04759951 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 04759951 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04759951 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04759951 bus:FullAccounts 2024-06-01 2025-05-31 04759951 bus:OrdinaryShareClass1 2025-05-31 04759951 bus:OrdinaryShareClass1 2024-05-31 04759951 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 04759951 core:FurnitureFittingsToolsEquipment 2024-05-31 04759951 core:FurnitureFittingsToolsEquipment 2025-05-31
COMPANY REGISTRATION NUMBER: 04759951

HRS ASSET MANAGEMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2025

HRS ASSET MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 914 |  | 103

CURRENT ASSETS

Cash at bank and in hand | 42,554 |  | 48,496 |

CREDITORS: amounts falling due within one year | 6 | 27,067 |  | 29,928 |
| -------- |  | -------- |
NET CURRENT ASSETS |  | 15,487 |  | 18,568
|  | -------- |  | --------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 16,401 |  | 18,671

PROVISIONS

Taxation including deferred tax |  | 247 |  | 27
|  | -------- |  | --------
NET ASSETS |  | 16,154 |  | 18,644
|  | -------- |  | --------

CAPITAL AND RESERVES

Called up share capital | 7 |  | 100 |  | 100
Profit and loss account |  | 16,054 |  | 18,544
|  | -------- |  | --------
SHAREHOLDERS FUNDS |  | 16,154 |  | 18,644
|  | -------- |  | --------

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 income and retained earnings has not been delivered.
For the year ending 31 May 2025 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HRS ASSET MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

Mrs R E Simpson |
Director |

Company registration number: 04759951

HRS ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 May 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Woodhouse Road, Wolverhampton, West Midlands, WV6 8JJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in Sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
The turnover shown in the profit and loss account represents cases submitted during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:

| Equipment | - | 33% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. TANGIBLE ASSETS

| Equipment | Total
| £ | £
Cost |  |
At 1 June 2024 | 3,201 | 3,201
Additions | 1,370 | 1,370
| ------- | -------
At 31 May 2025 | 4,571 | 4,571
| ------- | -------
Depreciation |  |
At 1 June 2024 | 3,098 | 3,098
Charge for the year | 559 | 559
| ------- | -------
At 31 May 2025 | 3,657 | 3,657
| ------- | -------
Carrying amount |  |
At 31 May 2025 | 914 | 914
| ------- | -------
At 31 May 2024 | 103 | 103
| ------- | -------

6. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | 19,269 | 21,567
Social security and other taxes | 1,148 | 1,075
Other creditors | 6,650 | 7,286
| -------- | --------
| 27,067 | 29,928
| -------- | --------

7. CALLED UP SHARE CAPITAL
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1,000 | 1,000 | 1,000 | 1,000
| ------- | ------- | ------- | -------

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----