Allied & Clinical Recruitments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07019322 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Allied & Clinical Recruitments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

4,629

1,429

CURRENT ASSETS

Debtors

5

1,001,201

716,248

Cash at bank and in hand

585,894

93,046

1,587,095

809,294

CREDITORS

Amounts falling due within one year

6

1,493,687

789,628

NET CURRENT ASSETS

93,408

19,666

TOTAL ASSETS LESS CURRENT LIABILITIES

98,037

21,095

CREDITORS

Amounts falling due after more than one year

7

(41,667

)

-

PROVISIONS FOR LIABILITIES

(880

)

-

NET ASSETS

55,490

21,095

CAPITAL AND RESERVES

Called up share capital

8,000

8,000

Retained earnings

47,490

13,095

SHAREHOLDERS' FUNDS

55,490

21,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2021 and were signed on its behalf by:

Mr D Olojugba - Director

1.	STATUTORY INFORMATION

Allied & Clinical Recruitments Limited 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:

07019322

Registered office:

Regus Manchester Business Park

3000 Aviator Way

Manchester

M22 5TG

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account , 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2020

2,303

Additions

4,358

At 31 March 2021

6,661

DEPRECIATION

At 1 April 2020

874

Charge for year

1,158

At 31 March 2021

2,032

NET BOOK VALUE

At 31 March 2021

4,629

At 31 March 2020

1,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

942,318

626,219

Other debtors

58,883

90,029

1,001,201

716,248

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

8,333

-

Trade creditors

65,207

7,877

Taxation and social security

295,785

77,381

Other creditors

1,124,362

704,370

1,493,687

789,628

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

41,667

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Invoice Finance

664,987

-

Ultimate Finance Limited have a charge over the company's assets.