Newton's Recruitment Limited - Accounts to registrar (filleted) - small 18.2

Newton's Recruitment Limited - Accounts to registrar (filleted) - small 18.2

NEWTON'S RECRUITMENT LIMITED - Company Information

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REGISTERED NUMBER: 09337800 (England and Wales)















NEWTON'S RECRUITMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019





Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP








NEWTON'S RECRUITMENT LIMITED (REGISTERED NUMBER: 09337800)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2019










Page

Company Information 1

Accountants' Report 2

Abridged Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


NEWTON'S RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2019







DIRECTOR: J B Campbell





REGISTERED OFFICE: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





REGISTERED NUMBER: 09337800 (England and Wales)





ACCOUNTANTS: Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Page 1
ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEWTON'S RECRUITMENT LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only
required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and
certain other primary statements and the Report of the Director are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Newton's Recruitment Limited for the year ended
31st December 2019 which comprise the Income Statement, Abridged Statement of Financial Position,
Statement of Changes in Equity and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Newton's Recruitment Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newton's Recruitment Limited and state those matters that we have agreed to state to the director of Newton's Recruitment Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newton's Recruitment Limited and its director for our work or for this report.

It is your duty to ensure that Newton's Recruitment Limited 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 Newton's Recruitment Limited. You consider that Newton's Recruitment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Newton's Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


8th July 2020

This page does not form part of the statutory financial statements

Page 2
NEWTON'S RECRUITMENT LIMITED (REGISTERED NUMBER: 09337800)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2019

2019 2018
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 5,160 3,702

CURRENT ASSETS
Debtors 32,123 45,433
Cash at bank 247,882 121,068
280,005 166,501
CREDITORS
Amounts falling due within one year (91,984 ) (65,234 )
NET CURRENT ASSETS 188,021 101,267
TOTAL ASSETS LESS CURRENT
LIABILITIES
193,181
104,969

CAPITAL AND RESERVES
Called up share capital 6 300 300
Retained earnings 192,881 104,669
SHAREHOLDERS' FUNDS 193,181 104,969

The notes form part of these financial statements

Page 3
NEWTON'S RECRUITMENT LIMITED (REGISTERED NUMBER: 09337800)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 8th July 2020 and were
signed by:





J B Campbell - Director


The notes form part of these financial statements

Page 4
NEWTON'S RECRUITMENT LIMITED (REGISTERED NUMBER: 09337800)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2019


1. STATUTORY INFORMATION

Newton's Recruitment Limited 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost
convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these
financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other
taxes of sales made during the year.

Revenue recognition
Revenue is recognised in the income statement from permanent placements which includes the fee
received or receivable for the services provided; the fee generally being calculated as a percentage
of the candidate's remuneration package. This income is recognised once the candidate starts the
placement.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in
non-convertible preference and non-puttable ordinary shares which are measured at fair value, with
changes recognised in the income statement. Derivative financial instruments are initially recorded
at cost and thereafter at fair value with changes recognised in the income statement.


Page 5
NEWTON'S RECRUITMENT LIMITED (REGISTERED NUMBER: 09337800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2019


3. ACCOUNTING POLICIES - continued
Tax
Tax 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 tax 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 material 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 5 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st January 2019 5,441
Additions 3,300
At 31st December 2019 8,741
Depreciation
At 1st January 2019 1,739
Charge for year 1,842
At 31st December 2019 3,581
Net book value
At 31st December 2019 5,160
At 31st December 2018 3,702

Page 6
NEWTON'S RECRUITMENT LIMITED (REGISTERED NUMBER: 09337800)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2019


6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
200 Ordinary A £1 200 200
100 Ordinary B £1 100 100
300 300

Page 7