Barr Personnel Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08382334 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 26 MARCH 2023

FOR

BARR PERSONNEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B T Griffiths

SECRETARY:

D S Jaffrey

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

BUSINESS ADDRESS:

Beechurst

8 Commercial Road

Dereham

Norfolk

NR19 1AE

REGISTERED NUMBER:

08382334 (England and Wales)

AUDITORS:

Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Intangible assets

4

622

1,178

Tangible assets

5

19,230

20,270

19,852

21,448

CURRENT ASSETS

Debtors

6

811,445

997,367

Cash at bank and in hand

12,387

13,058

823,832

1,010,425

CREDITORS

Amounts falling due within one year

7

193,844

381,598

NET CURRENT ASSETS

629,988

628,827

TOTAL ASSETS LESS CURRENT LIABILITIES

649,840

650,275

PROVISIONS FOR LIABILITIES

986

1,343

NET ASSETS

648,854

648,932

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

648,754

648,832

SHAREHOLDERS' FUNDS

648,854

648,932

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 1 December 2023 and were signed by:

B T Griffiths - Director

1.	STATUTORY INFORMATION

Barr Personnel Limited 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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably, and

- the costs incurred and the costs to complete the contract can be measured reliably.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans from / to related parties.

Taxation

Taxation for the period 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 period 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has continued to be used in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2022

and 26 March 2023

2,780

AMORTISATION

At 1 April 2022

1,602

Charge for period

556

At 26 March 2023

2,158

NET BOOK VALUE

At 26 March 2023

622

At 31 March 2022

1,178

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

40,291

Additions

4,519

At 26 March 2023

44,810

DEPRECIATION

At 1 April 2022

20,021

Charge for period

5,559

At 26 March 2023

25,580

NET BOOK VALUE

At 26 March 2023

19,230

At 31 March 2022

20,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

289,163

457,491

Amounts owed by group undertakings

283

-

Other debtors

521,999

539,876

811,445

997,367

Advances from invoice discounting relate to the trade debtors disclosed above.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

7,682

3,710

Amounts owed to group undertakings

4,325

8,603

Taxation and social security

147,939

309,057

Other creditors

33,898

60,228

193,844

381,598

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

5,650

21,664

Between one and five years

-

4,071

5,650

25,735

9.

RESERVES

Retained

earnings

£

At 1 April 2022

648,832

Profit for the period

99,922

Dividends

(100,000

)

At 26 March 2023

648,754

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gary Scarff FCCA (Senior Statutory Auditor)

for and on behalf of Walter Wright

11.	ULTIMATE PARENT COMPANY

The immediate parent undertaking is Recruit Ventures Limited. The smallest group for which consolidated financial statements are prepared is headed by Recruit Ventures Limited and copies of its financial statements can be obtained from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

The ultimate parent undertaking is The Recruit Venture Group Limited. The largest group for which consolidated financial statements are prepared is headed by The Recruit Venture Group Limited and copies of its financial statements can be obtained from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.