Pangea Recruitment Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08107499 (England and Wales)

PANGEA RECRUITMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

Page

Balance Sheet

1

FIXED ASSETS

2,201

240

CURRENT ASSETS

97,071

48,410

CREDITORS

Amounts falling due within one year

(25,189

)

(14,163

)

NET CURRENT ASSETS

71,882

34,247

TOTAL ASSETS LESS CURRENT LIABILITIES

74,083

34,487

CAPITAL AND RESERVES

74,083

34,487

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Pangea Recruitment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08107499

Registered office:

Mercury House

Willoughton Drive

Foxby Lane Business Park

Gainsborough

Linclonshire

DN21 1DY

The presentation currency of the financial statements is the Pound Sterling (£).

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2020 - 2 ) .

3.

COVID-19

Following the government's announcement of the first UK Lockdown, in March 2020, the company had to suspend its services for several months.

In order to protect the company and its employees, advantage was taken of the government Coronavirus Job Retention Scheme and the employees were furloughed (support received during the year of £6,088).

Due to strong financial controls, the company has retained reserves and stands well placed to compete in the market as lockdown is eased and normal trading conditions return to the UK.

4.	GOVERNMENT GRANTS

The company received government grants in respect of coronavirus support.These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance mode.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2021 and were signed on its behalf by:

H Henderson - Director