Human Reliability Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 1618615

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,083		19,866

			16,083		19,866
CURRENT ASSETS
Debtors	5	282,286		450,540
Cash at bank and in hand		1,162,403		804,267

		1,444,689		1,254,807
Creditors: Amounts Falling Due Within One Year	6	(1,492,931 )		(1,371,988 )

NET CURRENT ASSETS (LIABILITIES)			(48,242 )		(117,181 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(32,159 )		(97,315 )

NET LIABILITIES			(32,159 )		(97,315 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(32,259 )		(97,415 )

SHAREHOLDERS' FUNDS			(32,159)		(97,315)

Page 1

Page 2

Human Reliability Associates Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 his 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 Profit and Loss Account.

On behalf of the board

Dr David Embrey

Director

22/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Human Reliability Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 1618615 . The registered office is 1 School House, Higher Lane, Dalton, Wigan, WN8 7RP.

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 Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods

Revenue recognition

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	13 years
Plant & Machinery	3 years
Fixtures & Fittings	20%
Computer Equipment	33%

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

Page 3

Page 4

Human Reliability Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	21,065	56,434	60,214	137,713
Additions	-	-	3,731	3,731

As at 31 October 2025	21,065	56,434	63,945	141,444

Depreciation
As at 1 November 2024	21,065	44,913	51,869	117,847
Provided during the period	-	2,304	5,210	7,514

As at 31 October 2025	21,065	47,217	57,079	125,361

Net Book Value
As at 31 October 2025	-	9,217	6,866	16,083

As at 1 November 2024	-	11,521	8,345	19,866

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	123,600	345,476
Amounts recoverable on contracts	3,450	3,450
Prepayments and accrued income	8,459	8,621
S455 tax repayable	36,372	21,871
Other debtors - loan	2,291	3,500
Net wages	-	2,474
Director's loan account	108,114	65,148

	282,286	450,540

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	11,118	(2,732 )
Corporation tax	14,501	(3,366 )
Other taxes and social security	12,081	14,323
VAT	44,530	61,116
Icarus Risk Systems Ltd	1,174,053	1,038,652
Pension Payable	-	1,002

...CONTINUED

Page 4

Page 5

Human Reliability Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Other creditors (3)	7,763	7,763
Deferred Income	221,385	237,730
Accruals and deferred income	7,500	17,500

	1,492,931	1,371,988

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

The company was under the control of its director, Dr D Embrey.

The company rents its premises from Dr Embrey on a commercial basis subject to two lease agreements. The transactions are at arms length and the annual rents are £18,000(PY: £18,000). The lease for the main offices provides for the company to be compensated at the full market value for any improvements and alterations carried out to the premises at the termination of the lease.

The director's loan relates to amounts owed by Dr Embrey. The maximum amount outstanding during the year was £108,114.13 (PY:65,148.11). Interest of 2.25% was charged.

Dr Embrey is also a director and shareholder of Icarus Risks Systems Limited. At the balance sheet date HRA owed Icarus Risks Systems £1,174,052.54 (PY: 1,038,651.56).

Page 5