NXT Recruitment Ltd

NXT Recruitment Ltd

NXT RECRUITMENT LTD - Company Information

Print Friendly Version

1 February 2022 false No description of principal activity Taxfiler 2023.10 08854010business:PrivateLimitedCompanyLtd2022-02-012023-01-31 088540102022-01-31 088540102022-02-012023-01-31 08854010business:AuditExemptWithAccountantsReport2022-02-012023-01-31 08854010business:FilletedAccounts2022-02-012023-01-31 088540102023-01-31 08854010business:Director12022-02-012023-01-31 08854010business:Director22022-02-012023-01-31 08854010business:RegisteredOffice2022-02-012023-01-31 088540102022-01-31 08854010core:WithinOneYear2023-01-31 08854010core:WithinOneYear2022-01-31 08854010core:AfterOneYear2023-01-31 08854010core:AfterOneYear2022-01-31 08854010core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 08854010core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 08854010core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 08854010core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 08854010core:PreviouslyStatedAmount2023-01-31 08854010core:PreviouslyStatedAmount2022-01-31 08854010business:SmallEntities2022-02-012023-01-31 08854010countries:EnglandWales2022-02-012023-01-31 08854010core:FurnitureFittings2022-02-012023-01-31 08854010core:ComputerEquipment2022-02-012023-01-31 08854010core:FurnitureFittings2022-01-31 08854010core:ComputerEquipment2022-01-31 08854010core:FurnitureFittings2023-01-31 08854010core:ComputerEquipment2023-01-31 088540102021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 08854010 (England and Wales)
NXT Recruitment Ltd Unaudited accounts for the year ended 31 January 2023
NXT Recruitment Ltd Unaudited accounts Contents
Page
- 2 -
NXT Recruitment Ltd Company Information for the year ended 31 January 2023
Directors
Simon John Glencross Jason James Hodgson
Company Number
08854010 (England and Wales)
Registered Office
MODVILLAGE MODVILAGE UNIT A1 BARON WAY, KINGMOOR BUSINESS PARK CARLISLE CUMBRIA CA6 4BU ENGLAND
Accountants
Angela Black FMAAT AB Accountancy Solutions Ltd 64 Ruskin Close High Harrington Cumbria CA144LS
- 3 -
NXT Recruitment Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9,965 
22,769 
Current assets
Debtors
5
105,457 
173,993 
Cash at bank and in hand
348,563 
320,477 
454,020 
494,470 
Creditors: amounts falling due within one year
6
(81,307)
(170,581)
Net current assets
372,713 
323,889 
Total assets less current liabilities
382,678 
346,658 
Creditors: amounts falling due after more than one year
7
(198,640)
(176,384)
Provisions for liabilities
Deferred tax
- 
(4,338)
Net assets
184,038 
165,936 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,938 
165,836 
Shareholders' funds
184,038 
165,936 
For the year ending 31 January 2023 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
Simon John Glencross Director Company Registration No. 08854010
- 4 -
NXT Recruitment Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
NXT Recruitment Ltd is a private company, limited by shares, registered in England and Wales, registration number 08854010. The registered office and principal place of business is MODVILLAGE MODVILAGE UNIT A1, BARON WAY, KINGMOOR BUSINESS PARK, CARLISLE, CUMBRIA, CA6 4BU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
12,844 
38,374 
51,218 
At 31 January 2023
12,844 
38,374 
51,218 
Depreciation
At 1 February 2022
- 
28,449 
28,449 
Charge for the year
3,211 
9,593 
12,804 
At 31 January 2023
3,211 
38,042 
41,253 
Net book value
At 31 January 2023
9,633 
332 
9,965 
At 31 January 2022
12,844 
9,925 
22,769 
- 5 -
NXT Recruitment Ltd Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
105,457 
172,042 
Accrued income and prepayments
- 
1,951 
105,457 
173,993 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
47,776 
73,475 
Trade creditors
718 
3,499 
Taxes and social security
31,542 
56,583 
Other creditors
1,271 
35,683 
Accruals
- 
1,341 
81,307 
170,581 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,902 
44,551 
Loans from directors
164,738 
131,833 
198,640 
176,384 
8
Loans to directors
Balance owing to Simon Glencross and Jason Hodgson £164,737.78
9
Average number of employees
During the year the average number of employees was 135 (2022: 259).
- 6 -