Peter Knight Recruitment Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04904753 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

PETER KNIGHT RECRUITMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P R Knight

REGISTERED OFFICE:

Rayleigh Cottage

The Street

Takeley

Bishops Stortford

CM22 6QS

REGISTERED NUMBER:

04904753 (England and Wales)

ACCOUNTANTS:

Gary J Cansick & Co

Chartered Accountants

6 Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

536

869

536

869

CURRENT ASSETS

Debtors

6

87,319

80,416

Cash at bank and in hand

54,272

31,101

141,591

111,517

CREDITORS

Amounts falling due within one year

7

127,350

118,672

NET CURRENT ASSETS/(LIABILITIES)

14,241

(7,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,777

(6,286

)

CREDITORS

Amounts falling due after more than one year

8

33,204

42,891

NET LIABILITIES

(18,427

)

(49,177

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(18,429

)

(49,179

)

SHAREHOLDERS' FUNDS

(18,427

)

(49,177

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2022 and were signed by:

Mr P R Knight - Director

1.	STATUTORY INFORMATION

Peter Knight Recruitment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Computer equipment

-

33% on 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.

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.

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 2 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

27,705

AMORTISATION

At 1 April 2021

and 31 March 2022

27,705

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

and 31 March 2022

12,645

14,612

27,257

DEPRECIATION

At 1 April 2021

12,628

13,760

26,388

Charge for year

3

330

333

At 31 March 2022

12,631

14,090

26,721

NET BOOK VALUE

At 31 March 2022

14

522

536

At 31 March 2021

17

852

869

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

33,861

29,292

Other debtors

53,458

51,124

87,319

80,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

9,687

7,109

Trade creditors

1,648

667

Taxation and social security

19,036

10,906

Other creditors

96,979

99,990

127,350

118,672

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

33,204

42,891

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,651

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

2

Ordinary

£1

2

2

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P R Knight.