RM RECRUIT LIMITED

RM RECRUIT LIMITED - Company Information

2021-04-012022-03-312022-03-31false11975048RM RECRUIT LIMITED2022-04-01iso4217:GBPxbrli:pure119750482021-04-01119750482022-03-31119750482021-04-012022-03-31119750482020-06-01119750482021-03-31119750482020-06-012021-03-3111975048bus:SmallEntities2021-04-012022-03-3111975048bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3111975048bus:FullAccounts2021-04-012022-03-3111975048bus:PrivateLimitedCompanyLtd2021-04-012022-03-3111975048core:WithinOneYear2022-03-3111975048core:AfterOneYear2022-03-3111975048core:WithinOneYear2021-03-3111975048core:AfterOneYear2021-03-3111975048core:ShareCapital2022-03-3111975048core:SharePremium2022-03-3111975048core:RevaluationReserve2022-03-3111975048core:OtherReservesSubtotal2022-03-3111975048core:RetainedEarningsAccumulatedLosses2022-03-3111975048core:ShareCapital2021-03-3111975048core:SharePremium2021-03-3111975048core:RevaluationReserve2021-03-3111975048core:OtherReservesSubtotal2021-03-3111975048core:RetainedEarningsAccumulatedLosses2021-03-3111975048core:LandBuildings2022-03-3111975048core:PlantMachinery2022-03-3111975048core:Vehicles2022-03-3111975048core:FurnitureFittings2022-03-3111975048core:OfficeEquipment2022-03-3111975048core:NetGoodwill2022-03-3111975048core:IntangibleAssetsOtherThanGoodwill2022-03-3111975048core:ListedExchangeTraded2022-03-3111975048core:UnlistedNon-exchangeTraded2022-03-3111975048core:LandBuildings2021-03-3111975048core:PlantMachinery2021-03-3111975048core:Vehicles2021-03-3111975048core:FurnitureFittings2021-03-3111975048core:OfficeEquipment2021-03-3111975048core:NetGoodwill2021-03-3111975048core:IntangibleAssetsOtherThanGoodwill2021-03-3111975048core:ListedExchangeTraded2021-03-3111975048core:UnlistedNon-exchangeTraded2021-03-3111975048core:LandBuildings2021-04-012022-03-3111975048core:PlantMachinery2021-04-012022-03-3111975048core:Vehicles2021-04-012022-03-3111975048core:FurnitureFittings2021-04-012022-03-3111975048core:OfficeEquipment2021-04-012022-03-3111975048core:NetGoodwill2021-04-012022-03-3111975048core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3111975048core:ListedExchangeTraded2021-04-012022-03-3111975048core:UnlistedNon-exchangeTraded2021-04-012022-03-3111975048core:MoreThanFiveYears2021-04-012022-03-3111975048core:Non-currentFinancialInstruments2022-03-3111975048core:Non-currentFinancialInstruments2021-03-3111975048dpl:CostSales2021-04-012022-03-3111975048dpl:DistributionCosts2021-04-012022-03-3111975048dpl:AdministrativeExpenses2021-04-012022-03-3111975048core:LandBuildings2021-04-012022-03-3111975048core:PlantMachinery2021-04-012022-03-3111975048core:Vehicles2021-04-012022-03-3111975048core:FurnitureFittings2021-04-012022-03-3111975048core:OfficeEquipment2021-04-012022-03-3111975048core:NetGoodwill2021-04-012022-03-3111975048core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3111975048dpl:GroupUndertakings2021-04-012022-03-3111975048dpl:ParticipatingInterests2021-04-012022-03-3111975048dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3111975048core:ListedExchangeTraded2021-04-012022-03-3111975048dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3111975048core:UnlistedNon-exchangeTraded2021-04-012022-03-3111975048dpl:CostSales2020-06-012021-03-3111975048dpl:DistributionCosts2020-06-012021-03-3111975048dpl:AdministrativeExpenses2020-06-012021-03-3111975048core:LandBuildings2020-06-012021-03-3111975048core:PlantMachinery2020-06-012021-03-3111975048core:Vehicles2020-06-012021-03-3111975048core:FurnitureFittings2020-06-012021-03-3111975048core:OfficeEquipment2020-06-012021-03-3111975048core:NetGoodwill2020-06-012021-03-3111975048core:IntangibleAssetsOtherThanGoodwill2020-06-012021-03-3111975048dpl:GroupUndertakings2020-06-012021-03-3111975048dpl:ParticipatingInterests2020-06-012021-03-3111975048dpl:GroupUndertakingscore:ListedExchangeTraded2020-06-012021-03-3111975048core:ListedExchangeTraded2020-06-012021-03-3111975048dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-06-012021-03-3111975048core:UnlistedNon-exchangeTraded2020-06-012021-03-3111975048core:NetGoodwill2022-03-3111975048core:IntangibleAssetsOtherThanGoodwill2022-03-3111975048core:LandBuildings2022-03-3111975048core:PlantMachinery2022-03-3111975048core:Vehicles2022-03-3111975048core:FurnitureFittings2022-03-3111975048core:OfficeEquipment2022-03-3111975048core:AfterOneYear2022-03-3111975048core:WithinOneYear2022-03-3111975048core:ListedExchangeTraded2022-03-3111975048core:UnlistedNon-exchangeTraded2022-03-3111975048core:ShareCapital2022-03-3111975048core:SharePremium2022-03-3111975048core:RevaluationReserve2022-03-3111975048core:OtherReservesSubtotal2022-03-3111975048core:RetainedEarningsAccumulatedLosses2022-03-3111975048core:NetGoodwill2021-03-3111975048core:IntangibleAssetsOtherThanGoodwill2021-03-3111975048core:LandBuildings2021-03-3111975048core:PlantMachinery2021-03-3111975048core:Vehicles2021-03-3111975048core:FurnitureFittings2021-03-3111975048core:OfficeEquipment2021-03-3111975048core:AfterOneYear2021-03-3111975048core:WithinOneYear2021-03-3111975048core:ListedExch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RM RECRUIT LIMITED

Registered Number
11975048
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2022

RM RECRUIT LIMITED

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	MULLHI, Gurinder
	ROBINSON, Paul


Registered Address	Front Suite 1st Floor Charles House
	148 -149 Great Charles Street
	Birmingham
	B3 3HT


Registered Number	11975048 (England and Wales)

RM RECRUIT LIMITED

Balance Sheet as at
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	7		1,963		402
			1,963		402
Current assets
Debtors	8	75,993		61,936
Cash at bank and on hand		113,414		178,028
		189,407		239,964
Creditors amounts falling due within one year	9	(97,858)		(71,523)
Net current assets (liabilities)			91,549		168,441
Total assets less current liabilities			93,512		168,843
Creditors amounts falling due after one year	10		-		(90,000)
Provisions for liabilities	11		(373)		-
Net assets			93,139		78,843
Capital and reserves
Called up share capital			100		100
Profit and loss account			93,039		78,743
Shareholders' funds			93,139		78,843

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 1 April 2022, and are signed on its behalf by:

ROBINSON, Paul
Director
Registered Company No. 11975048

RM RECRUIT LIMITED

Notes to the Financial Statements
for the year ended 31 March 2022

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	PRINCIPAL ACTIVITIES
	The company provides temporary and permanent recruitment services, principally in the finance function, for businesses predominantly located in the West Midlands

4.	BASIS OF MEASUREMENT USED IN FINANCIAL STATEMENTS
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

5.	ACCOUNTING POLICIES

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	These accounts have been prepared on the basis that the business is a going concern and the Directors consider this appropriate given the current trading performance and their future plans and expectations

6.	EMPLOYEE INFORMATION


		2022		2021
	Average number of employees during the year	11		6

7.	PROPERTY, PLANT AND EQUIPMENT

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 21	483	483
Additions	1,853	1,853
At 31 March 22	2,336	2,336
Depreciation and impairment
At 01 April 21	81	81
Charge for year	292	292
At 31 March 22	373	373
Net book value
At 31 March 22	1,963	1,963
At 31 March 21	402	402

8.	DEBTORS

	2022	2021
	£	£
Trade debtors / trade receivables	71,445	60,106
Other debtors	4,548	1,830
Total	75,993	61,936


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	CREDITORS WITHIN ONE YEAR

	2022	2021
	£	£
Trade creditors / trade payables	-	2,726
Taxation and social security	92,391	65,928
Other creditors	535	1,264
Accrued liabilities and deferred income	4,932	1,605
Total	97,858	71,523


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	CREDITORS AFTER ONE YEAR

	2022	2021
	£	£
Bank borrowings and overdrafts	-	50,000
Other creditors	-	40,000
Total	-	90,000

11.	PROVISIONS FOR LIABILITIES

	2022	2021
	£	£
Net deferred tax liability (asset)	373	-
Total	373	-