Company No: 09128023 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	9,856		7,304
		9,856		7,304
Current assets
Debtors	4	54,955		100,653
Cash at bank and in hand		169,419		144,312
		224,374		244,965
Creditors: amounts falling due within one year	5	( 64,873)		( 67,243)
Net current assets		159,501		177,722
Total assets less current liabilities		169,357		185,026
Creditors: amounts falling due after more than one year	6	0		( 5,834)
Net assets		169,357		179,192
Capital and reserves
Called-up share capital		100		100
Profit and loss account		169,257		179,092
Total shareholders' funds		169,357		179,192

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of City of London HR Services Limited (registered number: 09128023) were approved and authorised for issue by the Board of Directors on 03 July 2026. They were signed on its behalf by:

P Jones Director

D Spurway Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

City of London HR Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gemini House Hargreaves Rd, Groundwell Industrial Estate, Swindon, SN25 5AZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the provision of human resource consultancy services in the normal course of business, and is shown net of VAT and other sales-related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment	5 years straight line
Computer equipment	3 years straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Loans and borrowings
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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		12

3. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 November 2024	17,176		14,097		31,273
Additions	481		6,871		7,352
At 31 October 2025	17,657		20,968		38,625
Accumulated depreciation
At 01 November 2024	10,810		13,159		23,969
Charge for the financial year	2,765		2,035		4,800
At 31 October 2025	13,575		15,194		28,769
Net book value
At 31 October 2025	4,082		5,774		9,856
At 31 October 2024	6,366		938		7,304

4. Debtors

	2025		2024
	£		£
Trade debtors	44,475		87,374
Other debtors	10,480		13,279
	54,955		100,653

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,833		10,000
Trade creditors	15,496		14,725
Taxation and social security	27,557		28,519
Other creditors	15,987		13,999
	64,873		67,243

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		5,834

7. Related party transactions

Transactions with the entity's directors

Advances

The directors' loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

P Jones

At 1 November 2024, the balance owed by the director was £441. During the year, the company made advances to directors amounting to £231 and received repayments of £441 leaving a balance due by the director of £231.

At 1 November 2023, the balance owed by the director was £100. During the year, the company made advances to directors amounting to £341 and received repayments of £Nil leaving a balance due by the director of £441.

D Spurway

At 1 November 2024, the balance owed by the director was £341. During the year, the company made advances to directors amounting to £231 and received repayments of £Nil leaving a balance due by the director of £572.

At 1 November 2023, the balance owed by the director was £Nil. During the year, the company made advances to directors amounting to £341 and received repayments of £Nil leaving a balance due by the director of £341.