Recruitment Squared Limited,Ltd - AccountsLtd - Accounts

Recruitment Squared Limited,Ltd - AccountsLtd - Accounts

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Recruitment Squared Limited
Registered Number:06446736
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
Recruitment Squared Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06446736
As at 31 December 2021
Recruitment Squared Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
72,956
10,760
2
72,956
10,760
Current assets
Trade and other receivables
170,059
352,073
3
135,584
Cash and cash equivalents
86,527
438,600
305,643
Trade and other payables: amounts falling due within one
year
(144,357)
(238,519)
4
161,286
200,081
Net current assets
Total assets less current liabilities
273,037
172,046
Trade and other payables: amounts falling due after more
than one year
(164,328)
(190,482)
5
82,555
Net assets
7,718
Capital and reserves
Called up share capital
100
100
Retained earnings
82,455
7,618
82,555
7,718
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A L Horne Director
These financial statements were approved and authorised for issue by the Board on 14 September 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2021
Recruitment Squared Limited
Notes to the Financial Statements
Statutory Information
Recruitment Squared Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06446736.
Registered address:
The Oast EMR Centre
New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration receivable for services provided, excluding value added tax.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2021
Recruitment Squared Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 01 January 2021
20,934
18,384
2,550
-
94,912
9,000
-
85,912
Additions
At 31 December 2021
85,912
2,550
27,384
115,846
Provision for depreciation and impairment
At 01 January 2021
10,174
8,150
2,024
-
Charge for year
32,716
11,106
132
21,478
At 31 December 2021
42,890
19,256
2,156
21,478
At 31 December 2021
Net book value
64,434
394
8,128
72,956
At 31 December 2020
-
526
10,234
10,760
3. Trade and other receivables
2020
2021
£
£
Trade debtors
98,395
25,300
Amounts owed by group undertakings and participating interests
10,000
10,000
Other debtors
243,678
134,759
170,059
352,073
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
228,511
143,107
Other creditors
10,008
1,250
238,519
144,357
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
114,328
164,328
Other creditors
76,154
-
190,482
164,328
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6
For the year ended 31 December 2021
Recruitment Squared Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/01/2021
At 31/12/2021
£
£
£
£
£
A L Horne
Loan repayable on demand
33,136
57,096
55,982
33,136
1,114
33,136
57,096
55,982
33,136
1,114
E Jenner
Loan repayable on demand
95,623
180,581
177,171
95,623
3,410
95,623
180,581
177,171
95,623
3,410
7. Average number of persons employed
During the year the average number of employees was 20 (2020 : 5)
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