Humberside PS Limited Filleted accounts for Companies House (small and micro)

Humberside PS Limited Filleted accounts for Companies House (small and micro)

HUMBERSIDE PS LIMITED - Company Information

Print Friendly Version

4 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 8,949 6,527 1,545 8,072 877 2,422 xbrli:pure xbrli:shares iso4217:GBP 07055947 2022-04-01 2023-03-31 07055947 2023-03-31 07055947 2022-03-31 07055947 2021-04-01 2022-03-31 07055947 2022-03-31 07055947 2021-03-31 07055947 core:FurnitureFittings 2022-04-01 2023-03-31 07055947 bus:Director1 2022-04-01 2023-03-31 07055947 bus:Director2 2022-04-01 2023-03-31 07055947 core:FurnitureFittings 2022-03-31 07055947 core:FurnitureFittings 2023-03-31 07055947 core:WithinOneYear 2023-03-31 07055947 core:WithinOneYear 2022-03-31 07055947 core:ShareCapital 2023-03-31 07055947 core:ShareCapital 2022-03-31 07055947 core:RetainedEarningsAccumulatedLosses 2023-03-31 07055947 core:RetainedEarningsAccumulatedLosses 2022-03-31 07055947 core:FurnitureFittings 2022-03-31 07055947 bus:Director1 2022-03-31 07055947 bus:Director1 2023-03-31 07055947 bus:Director2 2022-03-31 07055947 bus:Director2 2023-03-31 07055947 bus:Director1 2021-03-31 07055947 bus:Director1 2022-03-31 07055947 bus:Director2 2021-03-31 07055947 bus:Director2 2022-03-31 07055947 bus:Director1 2021-04-01 2022-03-31 07055947 bus:Director2 2021-04-01 2022-03-31 07055947 bus:SmallEntities 2022-04-01 2023-03-31 07055947 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07055947 bus:FullAccounts 2022-04-01 2023-03-31 07055947 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07055947 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07055947
HUMBERSIDE PS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
HUMBERSIDE PS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
Fixed Assets
Tangible assets
5
877
2,422
Current Assets
Debtors
6
381,757
359,028
Investments
7
1,265,448
1,013,298
Cash at bank and in hand
1,381,641
1,197,529
--------------
--------------
3,028,846
2,569,855
Creditors: amounts falling due within one year
8
143,412
179,518
--------------
--------------
Net Current Assets
2,885,434
2,390,337
--------------
--------------
Total Assets Less Current Liabilities
2,886,311
2,392,759
--------------
--------------
Net Assets
2,886,311
2,392,759
--------------
--------------
HUMBERSIDE PS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
2023
2022
Note
£
£
£
£
Capital and Reserves
Called up share capital
1,000
1,000
Profit and loss account
2,885,311
2,391,759
--------------
--------------
Shareholders Funds
2,886,311
2,392,759
--------------
--------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 September 2023 , and are signed on behalf of the board by:
M Riaz
Director
Company registration number: 07055947
HUMBERSIDE PS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Halifax House, 30-34 George Street, Hull, HU1 3AJ, East Yorkshire.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and equipment
-
25% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Government Grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Tangible Assets
Fixtures and equipment
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
8,949
8,949
--------
--------
Depreciation
At 1 April 2022
6,527
6,527
Charge for the year
1,545
1,545
--------
--------
At 31 March 2023
8,072
8,072
--------
--------
Carrying amount
At 31 March 2023
877
877
--------
--------
At 31 March 2022
2,422
2,422
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
34,036
159,990
Other debtors
347,721
199,038
-----------
-----------
381,757
359,028
-----------
-----------
7. Investments
2023
2022
£
£
Other investments
1,265,448
1,013,298
--------------
--------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
139,943
142,898
Other creditors
3,469
36,620
-----------
-----------
143,412
179,518
-----------
-----------
9. Financial Instruments
The carrying amount for each category of financial instrument is as follows:
2023
2022
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
1,265,448
1,013,298
--------------
--------------
Financial instruments measured at fair value through profit and loss are listed investments valued at open market value.
10. Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
M Riaz
36,668
( 659)
36,009
A Sheikh
36,668
( 659)
36,009
---------
--------
---------
73,336
( 1,318)
72,018
---------
--------
---------
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
M Riaz
39,105
( 2,437)
36,668
A Sheikh
39,107
( 2,439)
36,668
---------
--------
---------
78,212
( 4,876)
73,336
---------
--------
---------
Balances are interest free and repayable on demand.