Company Registration No. 05040403 (England and Wales)
ACTION HR LIMITED
Unaudited accounts
for the year ended 31 March 2022
ACTION HR LIMITED
Unaudited accounts
Contents
ACTION HR LIMITED
Company Information
for the year ended 31 March 2022
Directors
Susan Janice Willmott
Martin David Willmott
Company Number
05040403 (England and Wales)
Registered Office
14 THE OAKS
CLEWS ROAD
REDDITCH
B98 7ST
ENGLAND
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
ACTION HR LIMITED
Statement of financial position
as at 31 March 2022
Tangible assets
3,172
4,965
Cash at bank and in hand
39,809
37,068
Creditors: amounts falling due within one year
(16,396)
(20,312)
Net current assets
33,020
26,757
Total assets less current liabilities
36,192
31,722
Creditors: amounts falling due after more than one year
(8,333)
(10,000)
Called up share capital
4
4
Profit and loss account
27,855
21,718
Shareholders' funds
27,859
21,722
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by
Susan Janice Willmott
Director
Company Registration No. 05040403
ACTION HR LIMITED
Notes to the Accounts
for the year ended 31 March 2022
ACTION HR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05040403. The registered office is 14 THE OAKS, CLEWS ROAD, REDDITCH, B98 7ST, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the directors. The directors have indicated their support will continue for the foreseeable future.
ACTION HR LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
3,264
15,418
18,682
Disposals
-
(12,555)
(12,555)
At 31 March 2022
3,264
2,988
6,252
At 1 April 2021
1,538
12,179
13,717
Charge for the year
259
567
826
On disposals
-
(11,463)
(11,463)
At 31 March 2022
1,797
1,283
3,080
At 31 March 2022
1,467
1,705
3,172
At 31 March 2021
1,726
3,239
4,965
5
Debtors: amounts falling due within one year
2022
2021
Debtors: amounts falling due after more than one year
Accrued income and prepayments
-
2,246
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
10,233
11,408
Loans from directors
1,543
871
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
