Company Registration No. 11886104 (England and Wales)
Foreshore HR Ltd
Unaudited accounts
for the year ended 31 March 2022
Foreshore HR Ltd
Unaudited accounts
Contents
Foreshore HR Ltd
Company Information
for the year ended 31 March 2022
Director
Samantha Jane Seymour
Company Number
11886104 (England and Wales)
Registered Office
6 Cleveland Road
Southampton
Hampshire
SO18 2AN
Accountants
TBT Accountancy Ltd
Westgate Chambers
Staple Gardens
Winchester
Hampshire
SO23 8SR
Foreshore HR Ltd
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
27,070
31,232
Creditors: amounts falling due within one year
(13,115)
(17,959)
Net current assets
17,930
15,319
Total assets less current liabilities
18,188
16,039
Creditors: amounts falling due after more than one year
(10,750)
(12,917)
Called up share capital
1
1
Profit and loss account
7,437
3,121
Shareholders' funds
7,438
3,122
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 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 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 and authorised for issue on 6 December 2022 and were signed on its behalf by
Samantha Jane Seymour
Director
Company Registration No. 11886104
Foreshore HR Ltd
Notes to the Accounts
for the year ended 31 March 2022
Foreshore HR Ltd is a private company, limited by shares, registered in England and Wales, registration number 11886104. The registered office is 6 Cleveland Road, Southampton , Hampshire , SO18 2AN.
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.
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
33% Straight Line
Computer equipment
33% Straight Line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company took out a loan under the government's Bounce Back Loan scheme and as such the interest and fees relating to the first 12 months of the loan are paid for by the Government. Repayments began during this current year but the first seven payments include government grant funding. These interest amounts are credited to the profit and loss account when the expenditure is charged.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Foreshore HR Ltd
Notes to the Accounts
for the year ended 31 March 2022
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
490
959
1,449
At 31 March 2022
490
959
1,449
At 1 April 2021
222
507
729
Charge for the year
142
320
462
At 31 March 2022
364
827
1,191
At 31 March 2022
126
132
258
At 31 March 2021
268
452
720
Amounts falling due within one year
Accrued income and prepayments
193
1,383
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,000
2,083
Taxes and social security
8,370
5,674
Loans from directors
313
6,767
7
Creditors: amounts falling due after more than one year
2022
2021
Foreshore HR Ltd
Notes to the Accounts
for the year ended 31 March 2022
8
Transactions with related parties
The amount owed by/(to) the director at the start of the year was (£12,375) [2021: £16,228]. Director credits during the year were £35,934 [2021: £21,995 and director debits were £20,243.
The amount owed by/(to) the director the year end was £313 [2021: £12,375].
The loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
