Key Personnel Recruitment Limited 30/09/2023 iXBRL
Key Personnel Recruitment Limited 30/09/2023 iXBRL
Company registration number:
SC123427
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Bankers |
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3 High Street | ||
Dundee | ||
DD1 1SX | ||
Statement of financial position
30 September 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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Directors' responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
26 February 2024
, and are signed on behalf of the board by:
Director
Company registration number:
SC123427
Statement of changes in equity
Year ended 30 September 2023
Called up share capital | Profit and loss account | Total | |||
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At 1 October 2021 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 30 September 2022 and 1 October 2022 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 30 September 2023 |
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Notes to the financial statements
Year ended 30 September 2023
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is First Floor, 2b Valentine Court, Kinnoull Road, Dundee, DD2 3QB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Website | - |
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Motor vehicles | - |
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Computer equipment | - |
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straight line | |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2022:
4
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5.
Tangible assets
Website | Motor vehicles | Computer equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 October 2022 |
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Additions |
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At 30 September 2023 |
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Depreciation | |||||
At 1 October 2022 |
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Charge for the year |
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At 30 September 2023 |
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Carrying amount | |||||
At 30 September 2023 |
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At 30 September 2022 |
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6.
Investments
Other investments other than loans | Total | ||
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Cost | |||
At 1 October 2022 and 30 September 2023 |
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Impairment | |||
At 1 October 2022 and 30 September 2023 | - | - | |
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Carrying amount | |||
At 30 September 2023 |
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At 30 September 2022 |
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7.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest | - |
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Social security and other taxes |
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Other creditors |
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Other creditors includes an amount of £192,843 (2022: £94,744) in respect of invoice discounters. The balance is secured against the trade debtors balances.
The Royal Bank of Scotland holds a bond and floating charge over all the assets of the company. The company has granted to its bankers a cross guarantee in respect of the company's bank balance and those of all other group companies.
9.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Other creditors |
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10.
Controlling party
The company is a wholly owned subsidiary undertaking of Cortachy Holdings Limited, a company incorporated in Scotland. Cortachy Holdings Limited is a wholly owned subsidiary undertaking of DP & L Holdings Limited of which
Mr A M Bisset
is the controlling director. The financial statements of DP & L Holdings Limited may be obtained from First Floor 2b Valentine Court, Kinnoull Road, Dundee, Scotland, DD2 3QB.