Recruit2Healthcare LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10802673 (England and Wales)

RECRUIT2HEALTHCARE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Professor J S Davies

B Khanal

P Phillips

REGISTERED OFFICE:

Unit 8b Bridgend Business Centre

Bridgend Industrial Estate

Bridgend

CF31 3SH

REGISTERED NUMBER:

10802673 (England and Wales)

ACCOUNTANTS:

Gerald Thomas

Chartered Accountants

3 New Mill Court

Swansea Enterprise Park

Swansea

SA7 9FG

FIXED ASSETS

Tangible assets

4

1,615

1,484

CURRENT ASSETS

Debtors

5

233,302

63,855

Cash at bank and in hand

37,666

59,758

270,968

123,613

CREDITORS

Amounts falling due within one year

6

90,777

46,792

NET CURRENT ASSETS

180,191

76,821

TOTAL ASSETS LESS CURRENT LIABILITIES

181,806

78,305

PROVISIONS FOR LIABILITIES

307

282

NET ASSETS

181,499

78,023

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

181,199

77,723

181,499

78,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 March 2020 and were signed on its behalf by:

P Phillips - Director

1.	STATUTORY INFORMATION

Recruit2Healthcare LTD is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amounts of assets and liabilities that are not readily

apparent from other sources. The estimates and associated assumptions are based on historical

experience and other factors which are considered to be relevant. Actual results may differ from these

estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised if the revision only effects that

period or in the period of the revision and future periods if the revision affects both current and future

periods.

There were no critical judgements that the directors were required to make in the process of applying

the company's accounting policies that had any significant effect on the amounts recognised in the

financial statements.

Turnover and revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes and is recognised on the basis of the periods to which

it relates.

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life:

Plant & machinery - 20% on a straight line basis

Computer equipment - 25% on a straight line basis

Financial instruments

Basic financial assets which include trade and other debtors and cash and bank balances, are initially

measured at transaction price unless the arrangement constitutes a financing transaction, where the

transaction is measured at the present value of the future receipts discounted at a market rate of

interest.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price

unless the arrangement constitutes a financing transaction, where the debt instrument is measured at

the present value of the future payments discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

1,594

Additions

706

At 30 June 2019

2,300

DEPRECIATION

At 1 July 2018

110

Charge for year

575

At 30 June 2019

685

NET BOOK VALUE

At 30 June 2019

1,615

At 30 June 2018

1,484

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

82,589

63,555

Other debtors

150,713

300

233,302

63,855

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

45,143

25,506

Taxation and social security

44,153

20,088

Other creditors

1,481

1,198

90,777

46,792