HR For Today LTD - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08071575 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2023

for

HR For Today LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J L Aldridge

REGISTERED OFFICE:

Central Chambers

227 London Road

Hadleigh

Essex

SS7 2RF

REGISTERED NUMBER:

08071575 (England and Wales)

ACCOUNTANTS:

Field & Co LLP

Central Chambers

227 London Road

Hadleigh

Benfleet

Essex

SS7 2RF

FIXED ASSETS

Tangible assets

4

1,896

1,311

CURRENT ASSETS

Debtors

5

-

2,042

Cash at bank

70,959

62,314

70,959

64,356

CREDITORS

Amounts falling due within one year

6

15,557

17,510

NET CURRENT ASSETS

55,402

46,846

TOTAL ASSETS LESS CURRENT LIABILITIES

57,298

48,157

CREDITORS

Amounts falling due after more than one year

7

(34,852

)

(38,572

)

PROVISIONS FOR LIABILITIES

9

(360

)

(250

)

NET ASSETS

22,086

9,335

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

22,085

9,334

SHAREHOLDERS' FUNDS

22,086

9,335

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th February 2024 and were signed by:

Miss J L Aldridge - Director

1.	STATUTORY INFORMATION

HR For Today LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

40% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st June 2022

467

4,672

5,139

Additions

-

1,749

1,749

At 31st May 2023

467

6,421

6,888

DEPRECIATION

At 1st June 2022

168

3,660

3,828

Charge for year

60

1,104

1,164

At 31st May 2023

228

4,764

4,992

NET BOOK VALUE

At 31st May 2023

239

1,657

1,896

At 31st May 2022

299

1,012

1,311

No fixed assets are subject to finance leases or hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/23

31/5/22

£

£

Other debtors

-

2,042

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/23

31/5/22

£

£

Bank loans and overdrafts (see note 8)

4,065

5,886

Trade creditors

2,748

2,041

Taxation and social security

8,296

3,900

Other creditors

448

5,683

15,557

17,510

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/23

31/5/22

£

£

Bank loans (see note 8)

34,852

38,572

31/5/23

31/5/22

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,539

13,503

8.

LOANS

An analysis of the maturity of loans is given below:

31/5/23

31/5/22

£

£

Amounts falling due within one year or on demand:

Bank loans

4,065

5,886

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,168

6,035

Amounts falling due between two and five years:

Bank loans - 2-5 years

13,145

19,034

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,539

13,503

9.	PROVISIONS FOR LIABILITIES

31/5/23

31/5/22

£

£

Deferred tax

360

250

Deferred

tax

£

Balance at 1st June 2022

250

Provided during year

110

Balance at 31st May 2023

360

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/23

31/5/22

value:

£

£

1

Ordinary Shares

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1st June 2022

9,334

Profit for the year

35,841

Dividends

(23,090

)

At 31st May 2023

22,085

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss J L Aldridge.