The Recruitment Company (Midlands) Ltd
|
Registered Number
:
07169740
|
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
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
2021
2022
Property
,
plant and equipment
|
137,274
138,087
2
137,274
138,087
-
10,209
3
Trade and other receivables
|
277,883
174,388
4
17,328
Cash and cash equivalents
|
9,776
194,373
295,211
Trade and other payables
:
amounts falling due within one year
|
19,820
(43,100)
5
315,031
151,273
Net current assets
Total assets less current liabilities
|
288,547
453,118
288,547
Net assets
453,118
125
200
288,422
452,918
288,547
453,118
Shareholders' funds
For the year ended 31 March 2022 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 2022 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 28 April 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2022
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 2022
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
151,255
10,537
5,116
602
135,000
1,336
1,336
-
-
-
602
5,116
11,873
152,591
135,000
Provision for depreciation and impairment
|
13,168
7,867
4,712
589
-
Charge for year
2,149
1,971
165
13
-
15,317
9,838
4,877
602
-
135,000
-
239
2,035
137,274
135,000
13
404
2,670
138,087
2021
2022
10,209
-
4
.
Trade and other receivables
|
2021
2022
152,659
200,452
21,729
77,431
277,883
174,388
5
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
(4,111)
-
Taxation and social security
|
14,124
26,260
33,087
(46,080)
43,100
(19,820)
3 of 4
For the year ended 31 March 2022
The Recruitment Company (Midlands) Ltd
Notes to the Financial Statements Continued
6
.
Directors advances and guarantees
|
Repaid
Mr Sean King
Director loan
-
75,550
75,550
-
75,550
75,550
Mr Anthony Maguire
Director loan
-
-
-
-
-
-
7
.
Average number of persons employed
|
During the year the average number of employees was 15 including directors (2021 : 15)
4 of 4