ACCOUNTS - Final Accounts

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-312016-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activityfalse2015-12-21 09925056 2015-12-20 09925056 2015-12-21 2016-12-31 09925056 2016-12-31 09925056 c:Director1 2015-12-21 2016-12-31 09925056 d:OfficeEquipment 2015-12-21 2016-12-31 09925056 d:OfficeEquipment 2016-12-31 09925056 d:CurrentFinancialInstruments 2016-12-31 09925056 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09925056 d:ShareCapital 2016-12-31 09925056 d:RetainedEarningsAccumulatedLosses 2016-12-31 09925056 d:AcceleratedTaxDepreciationDeferredTax 2016-12-31 09925056 c:FRS102 2015-12-21 2016-12-31 09925056 c:AuditExempt-NoAccountantsReport 2015-12-21 2016-12-31 09925056 c:FullAccounts 2015-12-21 2016-12-31 09925056 c:PrivateLimitedCompanyLtd 2015-12-21 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 09925056

HR GUIDANCE LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

HR GUIDANCE LTD

REGISTERED NUMBER: 09925056

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016
Note		£

Fixed assets
Tangible assets			1,936
			1,936
Current assets
Debtors: amounts falling due within one year	5	4,097
Cash at bank and in hand		6,108
		10,205
Creditors: amounts falling due within one year		(3,705)
Net current assets			6,500
Total assets less current liabilities			8,436
Provisions for liabilities
Deferred tax		(387)
			(387)
Net assets			8,049

Capital and reserves
Called up share capital			10
Profit and loss account			8,039
			8,049

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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HR GUIDANCE LTD

REGISTERED NUMBER: 09925056

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2016

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 September 2017.

N Loadman

Director

The notes on pages 3 to 7 form part of these financial statements.

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HR GUIDANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

1.	General information

The company is a United Kingdom company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ. On 3 February 2017 the company changed its name from Loadman Consulting Limited.
The company's principal activity is the supply of consultancy services. Its principal place of business is Dilham, Norfolk.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of fees rendered during the period, including Value Added Tax.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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HR GUIDANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:

·at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;

·at cost less impairment for all other investments.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

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HR GUIDANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

2.10

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

·The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

·Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including directors, during the period was 2.

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HR GUIDANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	1,936
	At 31 December 2016	1,936

	Net book value
	At 31 December 2016	1,936

Debtors

					2016
					£


	Other debtors	3,347
	Prepayments and accrued income	750
		4,097

6.	Creditors: Amounts falling due within one year
		2016
		£

	Corporation tax	2,000
	Accruals and deferred income	1,705
		3,705

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HR GUIDANCE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

7.	Deferred taxation

		2016
		£

	Charged to profit or loss	(387)
	At end of year	(387)

	The deferred taxation balance is made up as follows:
					2016
					£

	Accelerated capital allowances	(387)
		(387)

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