Allied & Clinical Recruitments Limited - Accounts to registrar (filleted) - small 23.2.5

Allied & Clinical Recruitments Limited - Accounts to registrar (filleted) - small 23.2.5

ALLIED & CLINICAL RECRUITMENTS LIMITED - Company Information

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REGISTERED NUMBER: 07019322 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Allied & Clinical Recruitments Limited
Allied & Clinical Recruitments Limited (Registered number: 07019322)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Allied & Clinical Recruitments Limited (Registered number: 07019322)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,685 4,946

CURRENT ASSETS
Debtors 5 2,951,232 2,969,030
Cash at bank 1,364,266 764,037
4,315,498 3,733,067
CREDITORS
Amounts falling due within one year 6 3,322,571 3,381,910
NET CURRENT ASSETS 992,927 351,157
TOTAL ASSETS LESS CURRENT LIABILITIES 997,612 356,103

CREDITORS
Amounts falling due after more than one year 7 (21,667 ) (31,667 )

PROVISIONS FOR LIABILITIES (1,171 ) (940 )
NET ASSETS 974,774 323,496

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Retained earnings 966,774 315,496
SHAREHOLDERS' FUNDS 974,774 323,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 1 continued...
Allied & Clinical Recruitments Limited (Registered number: 07019322)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:





Mr D Olojugba - Director


The notes form part of these financial statements

Page 2
Allied & Clinical Recruitments Limited (Registered number: 07019322)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Allied & Clinical Recruitments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07019322

Registered office: Regus Manchester Business Park
3000 Aviator Way
Manchester
M22 5TG

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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 - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account , 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.

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.

Page 3 continued...
Allied & Clinical Recruitments Limited (Registered number: 07019322)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 24 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 8,214
Additions 910
At 31 March 2023 9,124
DEPRECIATION
At 1 April 2022 3,268
Charge for year 1,171
At 31 March 2023 4,439
NET BOOK VALUE
At 31 March 2023 4,685
At 31 March 2022 4,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,397,285 2,609,600
Amounts owed by associates 17,067 -
Other debtors 536,880 359,430
2,951,232 2,969,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,020 301,075
Taxation and social security 562,151 418,690
Other creditors 2,746,400 2,652,145
3,322,571 3,381,910

Page 4 continued...
Allied & Clinical Recruitments Limited (Registered number: 07019322)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice Finance 1,982,756 2,142,065

Ultimate Finance Limited have a fixed and floating charge over the company's assets.

9. OTHER FINANCIAL COMMITMENTS

The financial commitments, which are not included in the balance sheet amount to £30,287 (2022: £49,198). These financial commitments represent the amount of payments for a lease ending in 2025.

Page 5