HRR Solutions Limited - Filleted accounts

HRR Solutions Limited - Filleted accounts

HRR SOLUTIONS LIMITED - Company Information

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Registered number
04081891
HRR Solutions Limited
Unaudited Filleted Accounts
29 February 2020
HRR Solutions Limited
Registered number: 04081891
Balance Sheet
as at 29 February 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 5,879 6,089
Current assets
Debtors 4 360,033 329,048
Cash at bank and in hand 157,095 247,727
517,128 576,775
Creditors: amounts falling due within one year 5 (78,490) (83,041)
Net current assets 438,638 493,734
Net assets 444,517 499,823
Capital and reserves
Called up share capital 2 2
Profit and loss account 444,515 499,821
Shareholders' funds 444,517 499,823
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Catherine Larke
Director
Approved by the board on 23 March 2021
HRR Solutions Limited
Notes to the Accounts
for the year ended 29 February 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover - Services
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 20% Straight line
Office equipment 20% Straight line
Bicycle 20% Straight line
Fixtures and Fittings 20% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company including paid directors and office holders 14 8
3 Tangible fixed assets
Equipment
£
Cost
At 1 March 2019 19,064
Additions 3,478
Disposals (596)
At 29 February 2020 21,946
Depreciation
At 1 March 2019 12,975
Charge for the year 3,548
On disposals (456)
At 29 February 2020 16,067
Net book value
At 29 February 2020 5,879
At 28 February 2019 6,089
4 Debtors 2020 2019
£ £
Trade debtors 103,743 36,031
Other debtors 256,290 293,017
360,033 329,048
5 Creditors: amounts falling due within one year 2020 2019
£ £
Corporation tax 20,985 40,854
Other taxes and social security costs 51,874 38,265
Director's current account 515 674
Other creditors 5,116 3,248
78,490 83,041
6 Controlling party
The company is controlled by Mr & Mrs Larke by virtue of their combined shareholdings.
7 Other information
HRR Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Weir Bank
Monkey Island Lane
Bray
Berkshire
SL6 2ED
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