Recruitment Squared Limited,Ltd - AccountsLtd - Accounts

Recruitment Squared Limited,Ltd - AccountsLtd - Accounts

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2020-01-01 06446736 2020-12-31 06446736 2020-01-01 2020-12-31 06446736 2019-12-31 06446736 2019-01-01 2019-12-31 06446736 uk-core:WithinOneYear 2019-12-31 06446736 uk-core:WithinOneYear 2020-12-31 06446736 uk-core:AfterOneYear 2019-12-31 06446736 uk-core:AfterOneYear 2020-12-31 06446736 uk-core:ShareCapital 2020-12-31 06446736 uk-core:ShareCapital 2019-12-31 06446736 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 06446736 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 06446736 uk-bus:Director1 2020-01-01 2020-12-31 06446736 uk-core:ComputerEquipment 2020-01-01 2020-12-31 06446736 uk-core:FurnitureFittings 2020-01-01 2020-12-31 06446736 uk-core:ComputerEquipment 2019-12-31 06446736 uk-core:FurnitureFittings 2019-12-31 06446736 uk-core:FurnitureFittings 2020-12-31 06446736 uk-core:ComputerEquipment 2020-12-31 06446736 uk-core:AfterOneYear uk-core:Secured 2020-12-31 06446736 uk-core:AfterOneYear uk-core:Secured 2019-12-31 06446736 2 uk-bus:Director2 2020-01-01 2020-12-31 06446736 2 uk-bus:Director2 2019-12-31 06446736 2 uk-bus:Director2 2020-12-31 06446736 3 uk-bus:Director1 2020-01-01 2020-12-31 06446736 3 uk-bus:Director1 2019-12-31 06446736 3 uk-bus:Director1 2020-12-31 iso4217:GBP xbrli:pure 06446736 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 06446736 uk-bus:FRS102 2020-01-01 2020-12-31 06446736 uk-bus:FullAccounts 2020-01-01 2020-12-31 06446736 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Recruitment Squared Limited
Registered Number:06446736
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
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 2020
Recruitment Squared Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
10,760
6,780
2
10,760
6,780
Current assets
Trade and other receivables
35,780
170,059
3
58,069
Cash and cash equivalents
135,584
305,643
93,849
Trade and other payables: amounts falling due within one
year
(86,570)
(144,357)
4
7,279
161,286
Net current assets
Total assets less current liabilities
172,046
14,059
Trade and other payables: amounts falling due after more
than one year
-
(164,328)
5
7,718
Net assets
14,059
Capital and reserves
Called up share capital
100
100
Retained earnings
7,618
13,959
7,718
14,059
Shareholders' funds
For the year ended 31 December 2020 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 2020 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.
E Jenner Director
These financial statements were approved and authorised for issue by the Board on 01 December 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2020
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
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.
2 of 4
5
For the year ended 31 December 2020
Recruitment Squared Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 January 2020
14,550
12,000
2,550
6,384
6,384
-
Additions
At 31 December 2020
2,550
18,384
20,934
Provision for depreciation and impairment
At 01 January 2020
7,770
5,921
1,849
Charge for year
2,404
2,229
175
At 31 December 2020
10,174
8,150
2,024
At 31 December 2020
Net book value
526
10,234
10,760
At 31 December 2019
701
6,079
6,780
3. Trade and other receivables
2019
2020
£
£
Trade debtors
25,300
-
Amounts owed by group undertakings and participating interests
10,000
10,000
Other debtors
134,759
25,780
35,780
170,059
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
143,107
85,070
Other creditors
1,250
1,500
144,357
86,570
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
164,328
-
3 of 4
6
For the year ended 31 December 2020
Recruitment Squared Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/01/2020
At 31/12/2020
£
£
£
£
£
A L Horne
Loan repayable on demand
(12,506)
33,136
129,698
84,285
229
(12,506)
33,136
129,698
84,285
229
E Jenner
Loan repayable on demand
32,287
95,623
146,198
84,285
1,423
32,287
95,623
146,198
84,285
1,423
7. Average number of persons employed
During the year the average number of employees was 5 (2019 : 5)
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