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No description of principal activities is disclosed
2020-04-06
Sage Accounts Production 2020 Update 1 - FRS102_2019
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Company registration number:
09401611
Fresh Recruit (Herts) Ltd
Unaudited filleted financial statements
05 April 2021
Fresh Recruit (Herts) Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Fresh Recruit (Herts) Ltd
Directors and other information
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Directors
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Mr I Alderson
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Mrs L Alderson
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Miss D Bennett
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Company number
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09401611
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Registered office
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First Floor
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99 Bancroft
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Hitchin
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Herts
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SG5 1NQ
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Accountant
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Hicks and Company
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Chartered Accountants
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First Floor
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99 Bancroft
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Hitchin
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Herts
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SG5 1NQ
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Fresh Recruit (Herts) Ltd
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Fresh Recruit (Herts) Ltd
Year ended 5 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Fresh Recruit (Herts) Ltd for the year ended 5 April 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Fresh Recruit (Herts) Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Fresh Recruit (Herts) Ltd and state those matters that we have agreed to state to the board of directors of Fresh Recruit (Herts) Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Fresh Recruit (Herts) Ltd and its board of directors as a body for my work or for this report.
It is your duty to ensure that Fresh Recruit (Herts) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fresh Recruit (Herts) Ltd. You consider that Fresh Recruit (Herts) Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Fresh Recruit (Herts) Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
First Floor
99 Bancroft
Hitchin
Herts
SG5 1NQ
1 December 2021
Fresh Recruit (Herts) Ltd
Statement of financial position
5 April 2021
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2021
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2020
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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5
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25,625
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144,540
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Cash at bank and in hand
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123,140
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135,532
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_______
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_______
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148,765
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280,072
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Creditors: amounts falling due
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within one year
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6
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(
39,684)
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(
160,438)
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_______
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_______
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Net current assets
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109,081
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119,634
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_______
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_______
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Total assets less current liabilities
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109,081
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119,634
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Creditors: amounts falling due
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after more than one year
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7
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(
46,852)
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-
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_______
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_______
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Net assets
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62,229
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119,634
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_______
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_______
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Capital and reserves
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Called up share capital
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300
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300
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Profit and loss account
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61,929
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119,334
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_______
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_______
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Shareholders funds
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62,229
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119,634
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_______
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_______
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For the year ending 05 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 December 2021
, and are signed on behalf of the board by:
Mr I Alderson
Director
Company registration number:
09401611
Fresh Recruit (Herts) Ltd
Notes to the financial statements
Year ended 5 April 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 99 Bancroft, Hitchin, Herts, SG5 1NQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
19
(2020:
52
).
5.
Debtors
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2021
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2020
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£
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£
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Trade debtors
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16,906
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114,012
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Other debtors
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8,719
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30,528
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_______
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_______
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25,625
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144,540
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_______
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_______
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6.
Creditors: amounts falling due within one year
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2021
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2020
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£
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£
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Bank loans and overdrafts
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3,148
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-
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Trade creditors
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-
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1,346
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Corporation tax
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12,956
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37,408
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Social security and other taxes
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15,464
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89,399
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Other creditors
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8,116
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32,285
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_______
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_______
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39,684
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160,438
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_______
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_______
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7.
Creditors: amounts falling due after more than one year
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2021
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2020
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£
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£
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Bank loans and overdrafts
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46,852
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-
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_______
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_______
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Included within creditors: amounts falling due after more than one year is an amount of £ 6,160
(2020 £ - ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
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£ |
£ |
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Not later than 1 year |
6,650
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6,650
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Later than 1 year and not later than 5 years |
- |
6,650
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_______ |
_______ |
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6,650
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13,300
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_______ |
_______ |
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