Registration number:
Bower HR Consultancy Limited
for the Year Ended 31 May 2025
Bower HR Consultancy Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Bower HR Consultancy Limited
Company Information
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Director |
Mrs Serena Jane Bower |
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Registered office |
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Accountants |
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Bower HR Consultancy Limited
(Registration number: 13380323)
Balance Sheet as at 31 May 2025
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Note |
31 May |
31 May |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
4,291 |
10,509 |
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Shareholders' funds |
4,391 |
10,609 |
For the financial 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:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Walees.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of human resource services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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.
Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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2 |
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:
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Asset class |
Depreciation method and rate |
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Computer equipment |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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.
Borrowings
Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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Accounting policies (continued) |
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 June 2024 |
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Additions |
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At 31 May 2025 |
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Depreciation |
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At 1 June 2024 |
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Charge for the year |
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At 31 May 2025 |
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Carrying amount |
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At 31 May 2025 |
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At 31 May 2024 |
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Debtors |
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Current |
31 May |
31 May |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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6 |
Creditors (continued) |
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Note |
31 May |
31 May |
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Due within one year |
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Loans and borrowings |
- |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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31 May |
31 May |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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Loans and borrowings |
Current loans and borrowings
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31 May |
31 May |
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Bank borrowings |
- |
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Dividends |
Final dividends paid
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31 May |
31 May |
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Final dividend of 50.00 (2024 - 100.00) per each Ordinary |
5,000 |
10,000 |
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Interim dividends paid
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31 May |
31 May |
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Interim dividend of £ |
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Related party transactions |
Included within creditors at the year end was £39,038 (2024: £27,598) owed to the director. The loan was interest free with no fixed date for repayment.The director confirms that she will not remove the loan if the company requires it to continue trading.
During the year advances totalling £Nil (2024; £45,255l) were made to the director and these were fully repaid by the year end. The director paid interest of £Nil(2024; £334) to the company for the use of the beneficial loan.
Bower HR Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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10 |
Related party transactions (continued) |
Director's remuneration
The director's remuneration for the year was as follows:
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2025 |
2024 |
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Remuneration |
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