Company Registration No. 01887588 (England and Wales)
Intec Recruitment Services Limited
Unaudited accounts
for the year ended 31 December 2021
Intec Recruitment Services Limited
Unaudited accounts
Contents
Intec Recruitment Services Limited
Company Information
for the year ended 31 December 2021
Company Number
01887588 (England and Wales)
Registered Office
4 Midas House
Calleva Park
Aldermaston
Berkshire
RG7 8EA
Accountants
Woods Russell Limited
First Floor Unit S
Loddon Business Centre
Roentgen Road
Basingstoke
RG24 8NG
Intec Recruitment Services Limited
Statement of financial position
as at 31 December 2021
Tangible assets
110,617
113,740
Investment property
87,500
87,500
Cash at bank and in hand
5,460
65,197
Creditors: amounts falling due within one year
(58,275)
(73,451)
Net current assets
237,806
227,538
Total assets less current liabilities
435,973
428,778
Creditors: amounts falling due after more than one year
(42,500)
(45,833)
Provisions for liabilities
Net assets
393,119
382,945
Called up share capital
52
52
Revaluation reserve
(34,371)
(34,371)
Capital redemption reserve
50
50
Profit and loss account
427,388
417,214
Shareholders' funds
393,119
382,945
For the year ending 31 December 2021 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 14 June 2022 and were signed on its behalf by
Sam Lambden
Director
Company Registration No. 01887588
Intec Recruitment Services Limited
Notes to the Accounts
for the year ended 31 December 2021
Intec Recruitment Services Limited is a private company, limited by shares, registered in England and Wales, registration number 01887588. The registered office is 4 Midas House, Calleva Park, Aldermaston, Berkshire, RG7 8EA.
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.
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:
Land & buildings
Straight line over 50 years
Fixtures & fittings
25% reducing balance basis
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2021
125,000
14,139
139,139
At 31 December 2021
125,000
14,139
139,139
At 1 January 2021
13,750
11,649
25,399
Charge for the year
2,500
623
3,123
At 31 December 2021
16,250
12,272
28,522
At 31 December 2021
108,750
1,867
110,617
At 31 December 2020
111,250
2,490
113,740
Fair value at 1 January 2021
87,500
At 31 December 2021
87,500
Land and buildings are valued by the directors at market value as at the financial year end. The historic cost was £116,987.
Intec Recruitment Services Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Investments
Subsidiary undertakings
Valuation at 1 January 2021
-
Valuation at 31 December 2021
50
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
128,341
82,712
Accrued income and prepayments
1,830
2,580
Other debtors
160,450
150,500
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,728
-
Trade creditors
22,997
921
Taxes and social security
3,811
31,929
Loans from directors
201
-
The company has given a debenture and security over its assets in relation to bank borrowings.
9
Creditors: amounts falling due after more than one year
2021
2020
10
Operating lease commitments
2021
2020
At 31 December 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
4,144
12,433
11
Guarantees provided on behalf of directors
The directors have given personal guarantees to support up to £60,000 of the bank borrowings.
12
Average number of employees
During the year the average number of employees was 6 (2020: 6).
