MPS Recruitment Group Ltd - Accounts to registrar (filleted) - small 18.2
MPS Recruitment Group Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2021 |
| for |
| MPS Recruitment Group Ltd |
| MPS Recruitment Group Ltd (Registered number: 11785374) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MPS Recruitment Group Ltd |
| Company Information |
| for the Year Ended 30 June 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Sterling House |
| 1 Sheepscar Court |
| Meanwood Road |
| Leeds |
| West Yorkshire |
| LS7 2BB |
| MPS Recruitment Group Ltd (Registered number: 11785374) |
| Balance Sheet |
| 30 June 2021 |
| 30/6/21 | 30/6/20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MPS Recruitment Group Ltd (Registered number: 11785374) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2021 |
| 1. | STATUTORY INFORMATION |
| MPS Recruitment Group Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The company continued to be impacted by the global pandemic caused by the spread of Covid-19 across the markets in which the business operates. The company trades in international markets as well as the United Kingdom and has experienced a reduction in trading activities across all territories due to the impact of COVID-19. Following the reduction in trading activity the Directors have ensured that cash within the business has been carefully managed, to ensure that sufficient resources are in place. During the pandemic, the company took advantage of UK government support schemes which were put in place, focused on collection of monies due and managed overheads in a careful and prudent manner. Cash resources have remained sufficient throughout the period. The Directors are comfortable that the business has the appropriate resources in place to continue to scale back up to full operations, and has the support of its banking partners to do so. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank |
| loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Exemption from preparing consolidated financial statements |
| The company, and the group headed by it, qualify as small as set out in Section 383 of the Companies Act 2006, and the parent and group are considered eligible for the exemption to prepare consolidated accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MPS Recruitment Group Ltd (Registered number: 11785374) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| £ |
| COST |
| At 1 July 2020 |
| and 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/21 | 30/6/20 |
| £ | £ |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30/6/21 | 30/6/20 |
| £ | £ |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/6/21 | 30/6/20 |
| value: | £ | £ |
| Ordinary | £1.00 | 200 | 200 |