Health Care Recruiters Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03856182 (England and Wales)

HEALTH CARE RECRUITERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K S Brar

Mrs I Brar

SECRETARY:

Mr K S Brar

REGISTERED OFFICE:

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

REGISTERED NUMBER:

03856182 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

BANKERS:

National Westminster Bank plc

35 Fishergate

Preston

Lancashire

PR1 3BH

FIXED ASSETS

Tangible assets

4

324,120

332,145

CURRENT ASSETS

Stocks

175

175

Debtors

145,121

286,816

Cash at bank

30,397

31,015

175,693

318,006

CREDITORS

Amounts falling due within one year

487,088

537,988

NET CURRENT LIABILITIES

(311,395

)

(219,982

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,725

112,163

CREDITORS

Amounts falling due after more than one year

5

121,717

140,930

NET LIABILITIES

(108,992

)

(28,767

)

CAPITAL AND RESERVES

Called up share capital

70,000

70,000

Retained earnings

(178,992

)

(98,767

)

SHAREHOLDERS' FUNDS

(108,992

)

(28,767

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2020 and were signed on its behalf by:

Mr K S Brar - Director

1.	STATUTORY INFORMATION

Health Care Recruiters 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.	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.

The financial statements have been prepared on a going concern basis, the validity of which

may be inappropriate as at 31 October 2019, the company's total liabilities exceeded its total

assets by £108,992. The financial statements do not include any adjustment that may result

from the company ceasing to trade. The director has lent £372,463 to the company and has

indicated that he does not require these funds to be repaid at present.

The financial statements are prepared in sterling, which is the functional currency of the

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

Turnover

Turnover represents net invoiced value of services supplied, excluding of value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Office equipment

-

20% on reducing balance

Office furniture

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2018

and 31 October 2019

401,672

DEPRECIATION

At 1 November 2018

69,527

Charge for year

8,025

At 31 October 2019

77,552

NET BOOK VALUE

At 31 October 2019

324,120

At 31 October 2018

332,145

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2019

2018

£

£

Repayable by instalments

Bank loans more than 5 yr by

instalments

42,989

87,467

42,989

87,467

6.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

141,399

152,785

Factoring account

27,953

114,283

169,352

267,068

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K S Brar.