| Redrock Recruitment Ltd |
Registered number |
| Balance Sheet |
08211617 |
| as at 31 January 2020 |
|
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,472 |
|
|
1,963 |
|
| Current assets |
| Debtors |
4 |
|
144,355 |
|
|
152,573 |
| Cash at bank and in hand |
|
|
30,805 |
|
|
82,775 |
|
|
|
175,160 |
|
|
235,348 |
|
| Creditors: amounts falling due within one year |
5 |
|
(176,105) |
|
|
(194,387) |
|
| Net current (liabilities)/assets |
|
|
|
(945) |
|
|
40,961 |
|
| Net assets |
|
|
|
527 |
|
|
42,924 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
220 |
|
|
220 |
| Profit and loss account |
|
|
|
307 |
|
|
42,704 |
|
| Shareholders' funds |
|
|
|
527 |
|
|
42,924 |
|
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D Mitchell |
| Director |
| Approved by the board on 16 April 2021 |
|
| Redrock Recruitment Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard. |
|
|
Turnover |
|
Turnover represents the value of services supplied, net of value added tax. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less depreciation. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, over the expected useful life of the assets as follows: |
|
|
Equipment - |
25% p.a. on the reducing balance basis |
|
|
Factored debts |
|
The company factors trade debts but retains significant benefits and risks in relation to the amounts factored. A separate presentation is therefore adopted, with the gross value of debts being shown within debtors and the amount due to the factoring company shown within creditors. |
|
|
Pensions |
|
The company operates defined contribution pension scheme arrangements. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
|
| 2 |
Employees |
2020 |
|
2019 |
|
|
Average number of employees |
8 |
|
5 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 February 2019 |
3,364 |
|
At 31 January 2020 |
3,364 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2019 |
1,401 |
|
Charge for the year |
491 |
|
At 31 January 2020 |
1,892 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2020 |
1,472 |
|
At 31 January 2019 |
1,963 |
|
|
| 4 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade debtors |
112,349 |
|
97,267 |
|
Other debtors |
32,006 |
|
55,306 |
|
|
|
|
|
|
144,355 |
|
152,573 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade creditors |
36,253 |
|
50,783 |
|
Corporation tax |
22,091 |
|
38,853 |
|
Other taxes |
9,100 |
|
11,548 |
|
Factoring company |
71,757 |
|
31,468 |
|
Other creditors |
36,904 |
|
61,735 |
|
|
|
|
|
|
176,105 |
|
194,387 |
|
|
|
|
|
|
|
|
|
|
Amounts due to the factoring company are secured by way of a fixed and floating charge over company assets. |
|
|
|
| 6 |
Controlling parties |
|
|
At 31 January 2020 the company was controlled by the directors, who between them held a controlling interest in the company's issued share capital. |
|
|
|
| 7 |
Other information |
|
|
Redrock Recruitment Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 121 Brooker Road, Waltham Abbey, Essex, EN9 1JH. |
