Truly Reliable HR Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 12438483

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		387		-

			387		-
CURRENT ASSETS
Debtors	5	4,333		7,485
Cash at bank and in hand		44,724		23,732

		49,057		31,217
Creditors: Amounts falling due within one year	6	(30,901 )		(22,340 )

NET CURRENT ASSETS (LIABILITIES)			18,156		8,877

TOTAL ASSETS LESS CURRENT LIABILITIES			18,543		8,877

Creditors: Amounts falling due after more than one year	7		-		(5,619 )

NET ASSETS			18,543		3,258

CAPITAL AND RESERVES
Called up share capital	8		2		2
Income Statement			18,541		3,256

SHAREHOLDERS' FUNDS			18,543		3,258

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Truly Reliable HR Ltd

Statement of Financial Position (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 25 May 2026 and were signed on its behalf by:

Miss Kathryn Reid

Director

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Truly Reliable HR Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12438483 . The registered office is 241 Fairfield Road, Droylsden, Manchester, M43 6AL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered in the normal course of business, net of discounts, value added taxes and other applicable sales taxes.

Rendering of services

Turnover from the rendering of business management consultancy services is recognised in the period in which the services are provided.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to the income statement at the following rates in order to write off the cost of the assets, less their estimated residual value, over their estimated useful lives:

Plant & Machinery	50% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	50% straight line

2.5. Financial Instruments

Basic financial instruments

Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.

Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:

Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.

All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.

Subsequent to initial recognition:

Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.

Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.

Cash and cash equivalents

Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.

Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the company has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.

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Truly Reliable HR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

Contributions to defined contribution pension plans are charged to the income statement as they become payable in accordance with the rules of the respective schemes.

2.9. Presentation Currency

The financial statements are presented in £ sterling, which is the functional currency of the company.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, director's report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

The average number of employees, including directors and other officers, during the year was: 1 (2024: 1)

4. Tangible assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2024	631	87	1,540	2,258
Additions	158	284	134	576

As at 28 February 2025	789	371	1,674	2,834

Depreciation
As at 1 March 2024	631	87	1,540	2,258
Provided during the period	73	55	61	189

As at 28 February 2025	704	142	1,601	2,447

Net Book Value
As at 28 February 2025	85	229	73	387

As at 1 March 2024	-	-	-	-

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Truly Reliable HR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,333	7,279
Prepayments and accrued income	-	206

	4,333	7,485

6. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	794	13
Corporation tax	12,091	8,586
Other taxes and social security	334	334
VAT	7,318	3,267
Net wages	-	72
Other creditors	1,636	1,533
Director's loan account	8,728	8,535

	30,901	22,340

7. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Directors loan account	-	5,619

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary shares of £ 1.00 each	2	2

9. Pension Commitments

The company makes contributions to the personal pension plan of the sole director.

The total pension cost charge recognised in the income statement for the period represents employer contributions to this personal pension plan, which amounted to £5,700 (2024: £3,000).

10. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	21,780	16,167

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Truly Reliable HR Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

11. Related Party Transactions

During the year, the company entered into the following transactions with related parties:

Owners holding a participating interest

The company made loan repayments to Miss K Reid, the sole director and shareholder, on an interest-bearing loan totalling £5,291 (2024: £4,982). At the reporting date, the outstanding loan balance was £5,619 (2024: £10,910). The maximum balance outstanding during the year was £10,910 (2024: £15,892).

This amount is subject to interest at 6.03%, unsecured and repayable in monthly instalments until February 2026.

The company also received other loans from Miss K Reid totalling £7,148 (2024: £7,862). At the reporting date, the outstanding loan balance was £3,109 (2024: £3,244). The maximum balance outstanding during the year was £3,717 (2024: £3,244).

This amount is interest-free, unsecured and repayable on demand.

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