Peoplefocus-HR Consultancy Limited Filleted accounts for Companies House (small and micro)

PEOPLEFOCUS-HR CONSULTANCY LIMITED - Company Information

3 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 6,415 5,310 276 5,586 829 1,105 xbrli:pure xbrli:shares iso4217:GBP 05707550 2022-04-01 2023-03-31 05707550 2023-03-31 05707550 2022-03-31 05707550 2021-04-01 2022-03-31 05707550 2022-03-31 05707550 bus:Director4 2022-04-01 2023-03-31 05707550 core:WithinOneYear 2023-03-31 05707550 core:WithinOneYear 2022-03-31 05707550 core:ShareCapital 2023-03-31 05707550 core:ShareCapital 2022-03-31 05707550 core:RetainedEarningsAccumulatedLosses 2023-03-31 05707550 core:RetainedEarningsAccumulatedLosses 2022-03-31 05707550 bus:SmallEntities 2022-04-01 2023-03-31 05707550 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05707550 bus:FullAccounts 2022-04-01 2023-03-31 05707550 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05707550 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05707550 core:ComputerEquipment 2023-03-31 05707550 core:ComputerEquipment 2022-03-31 05707550 core:ComputerEquipment 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 05707550

Peoplefocus-HR Consultancy Limited

Filleted Unaudited Financial Statements

31 March 2023

Peoplefocus-HR Consultancy Limited

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5		829	1,105

Current assets

Debtors	6	22,018	26,207
Cash at bank and in hand		9,585	8,336
		--------	--------
		31,603	34,543

Creditors: amounts falling due within one year	7	21,686		22,256
		--------		--------
Net current assets			9,917	12,287
			--------	--------
Total assets less current liabilities			10,746	13,392

Provisions

Taxation including deferred tax	158	210
	--------	--------
Net assets	10,588	13,182
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	10,488	13,082
	--------	--------
Shareholders funds	10,588	13,182
	--------	--------

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 .

Peoplefocus-HR Consultancy Limited

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 11 December 2023 , and are signed on behalf of the board by:

C Raybould

Director

Company registration number: 05707550

Peoplefocus-HR Consultancy 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 83 Blackwood Road, Streetly, Sutton Coldfield, B74 3PW.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

	Equipment	-	Equally over periods from 2 to 10 years

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. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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. /asic 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.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2022 and 31 March 2023	6,415	6,415
	-------	-------
Depreciation
At 1 April 2022	5,310	5,310
Charge for the year	276	276
	-------	-------
At 31 March 2023	5,586	5,586
	-------	-------
Carrying amount
At 31 March 2023	829	829
	-------	-------
At 31 March 2022	1,105	1,105
	-------	-------

6. Debtors

	2023	2022
	£	£
Trade debtors	21,258	25,413
Other debtors	760	794
	--------	--------
	22,018	26,207
	--------	--------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	3,137	8,410
Corporation tax	8,590	3,765
Social security and other taxes	6,733	9,462
Wages payable	–	(757)
Other creditors	3,226	1,376
	--------	--------
	21,686	22,256
	--------	--------

8. Contingencies

Other commitments The company has entered into a ten year agreement with the franchisor of The HR Dept. for the provision of services and support at a monthly cost of £700 ending on 2 March 2024 .

9. Related party transactions

The company was under the control of Mrs Abbott throughout the current and previous year. Mrs Abbott was the managing director and majority shareholder.