Company Registration No. 08004284 (England and Wales)
Flat Fee Recruiter Limited
Unaudited accounts
for the year ended 31 May 2020
Flat Fee Recruiter Limited
Unaudited accounts
Contents
Flat Fee Recruiter Limited
Company Information
for the year ended 31 May 2020
Company Number
08004284 (England and Wales)
Registered Office
5 Feast Field
Horsforth
Leeds
West Yorkshire
LS18 4TJ
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Flat Fee Recruiter Limited
Statement of financial position
as at 31 May 2020
Cash at bank and in hand
62,088
7,583
Creditors: amounts falling due within one year
(29,666)
(58,373)
Net current assets
46,767
40,996
Total assets less current liabilities
53,094
40,996
Creditors: amounts falling due after more than one year
(50,000)
(35,333)
Called up share capital
2
2
Profit and loss account
3,092
5,661
Shareholders' funds
3,094
5,663
For the year ending 31 May 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 February 2021 and were signed on its behalf by
E Wilson
Director
Company Registration No. 08004284
Flat Fee Recruiter Limited
Notes to the Accounts
for the year ended 31 May 2020
Flat Fee Recruiter Limited is a private company, limited by shares, registered in England and Wales, registration number 08004284. The registered office is 5 Feast Field, Horsforth, Leeds, West Yorkshire, LS18 4TJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on Cost
Computer equipment
25% on Cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
2,500
3,827
6,327
At 31 May 2020
2,500
3,827
6,327
At 31 May 2020
2,500
3,827
6,327
Flat Fee Recruiter Limited
Notes to the Accounts
for the year ended 31 May 2020
Trade debtors
8,045
37,935
Amounts due from group undertakings etc.
3,096
50,647
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
19,297
10,823
Trade creditors
5,591
7,717
Taxes and social security
37,311
50,340
Other creditors
12,081
30,083
Loans from directors
(44,992)
(44,992)
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 5 (2019: 5).