The Recruitment Company (Midlands) Ltd
|
Registered Number
:
07169740
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
The Recruitment Company (Midlands) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
The Recruitment Company (Midlands) Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
136,189
379
2
136,189
379
Trade and other receivables
|
649,615
487,887
3
11,403
Cash and cash equivalents
|
141,555
629,442
661,018
Trade and other payables
:
amounts falling due within one year
|
230,102
(56,899)
4
891,120
572,543
Net current assets
Total assets less current liabilities
|
708,732
891,499
708,732
Net assets
891,499
200
200
708,532
891,299
708,732
891,499
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Anthony Maguire Director
|
These financial statements were approved and authorised for issue by the Board on 11 November 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements
Statutory Information
The Recruitment Company
(
Midlands
)
Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
07169740
.
|
Principal place of business
:
|
7 Sansome Street
Worcester
WR1 1UH
40 High St
Pershore
Worcestershire
WR10 1DP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting
|
Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2020
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
11,023
5,961
4,460
602
-
136,496
1,140
356
-
135,000
602
4,816
7,101
147,519
135,000
Provision for depreciation and impairment
|
10,644
5,868
4,214
562
-
Charge for year
686
427
245
14
-
11,330
6,295
4,459
576
-
135,000
26
357
806
136,189
-
40
246
93
379
3
.
Trade and other receivables
|
2019
2020
340,686
542,822
147,201
106,793
649,615
487,887
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
10,839
2,105
Taxation and social security
|
82,338
90,524
(36,278)
(322,731)
56,899
(230,102)
3 of 4
For the year ended 31 March 2020
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements Continued
5
.
Directors advances and guarantees
|
Loaned
Repaid
Mr Sean King
Director loan
75,550
55,609
70,000
50,059
75,550
55,609
70,000
50,059
Mr Anthony Maguire
Director loan
70,000
40,000
70,000
40,000
70,000
40,000
70,000
40,000
6
.
Average number of persons employed
|
During the year the average number of employees was 20 including directors (2019 : 11)
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