Company No:
Contents
DIRECTOR | Mr P J McDonald |
REGISTERED OFFICE | 10 Chapel Close |
South Stoke | |
Reading | |
RG8 0JW | |
United Kingdom | |
COMPANY NUMBER | 12484658(England and Wales) |
ACCOUNTANT | Bishop Fleming |
10 Temple Back | |
Bristol | |
BS1 6FL |
28.02.2021 | ||
Note | £ | |
Fixed assets | ||
Tangible assets | 3 |
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612 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand |
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4,291 | ||
Creditors | ||
Amounts falling due within one year | 5 | (
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Net current liabilities | (23,837) | |
Total assets less current liabilities | (23,225) | |
Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of Selected HR Limited (registered number:
Mr P J McDonald
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year.
Selected HR Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Chapel Close, South Stoke, Reading, RG8 0JW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Selected HR Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Director’s Report.
The Company's forecasts and projections, taking account of the continued possible impact of COVID-19 in trading performance, show that the company should be able to operate within the level of its current facilities.
Therefore, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
- Office equipment 20% on straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Period from 26.02.2020 to 28.02.2021 |
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Number | |
Monthly average number of persons employed by the Company during the year, including director |
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Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 26 February 2020 |
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Additions |
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At 28 February 2021 |
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Accumulated depreciation | |||
At 26 February 2020 |
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Charge for the financial year |
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At 28 February 2021 |
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Net book value | |||
At 28 February 2021 |
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28.02.2021 | |
£ | |
VAT recoverable |
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Other debtors |
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28.02.2021 | |
£ | |
Trade creditors |
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Amounts owed to director |
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28.02.2021 | |
£ | |
Allotted, called-up and fully-paid | |
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Transactions with the entity's director
28.02.2021 | |
£ | |
Amount owed to director at year end | 26,910 |
The Loan is interest free and has no fixed date for repayment.