The Recruitment Company (Midlands) Ltd
|
Registered Number
:
07169740
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
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
2020
2021
Property
,
plant and equipment
|
138,087
136,189
2
138,087
136,189
Trade and other receivables
|
487,887
277,883
3
141,555
Cash and cash equivalents
|
17,328
295,211
629,442
Trade and other payables
:
amounts falling due within one year
|
(56,899)
19,820
4
572,543
315,031
Net current assets
Total assets less current liabilities
|
453,118
708,732
453,118
Net assets
708,732
200
200
452,918
708,532
453,118
708,732
Shareholders' funds
For the year ended 31 March 2021 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 2021 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.
|
These financial statements were approved and authorised for issue by the Board on 20 April 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2021
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 2021
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
147,519
7,101
4,816
602
135,000
3,736
3,436
300
-
-
602
5,116
10,537
151,255
135,000
Provision for depreciation and impairment
|
11,330
6,295
4,459
576
-
Charge for year
1,838
1,572
253
13
-
13,168
7,867
4,712
589
-
135,000
13
404
2,670
138,087
135,000
26
357
806
136,189
3
.
Trade and other receivables
|
2020
2021
200,452
340,686
77,431
147,201
487,887
277,883
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
-
10,839
Taxation and social security
|
26,260
82,338
(46,080)
(36,278)
(19,820)
56,899
3 of 4
For the year ended 31 March 2021
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements Continued
5
.
Directors advances and guarantees
|
Repaid
Mr Sean King
Director loan
-
75,550
-
-
75,550
-
Mr Anthony Maguire
Director loan
-
70,000
70,000
-
70,000
70,000
6
.
Average number of persons employed
|
During the year the average number of employees was 15 including directors (2020 : 20)
4 of 4