Paul Charles Recruitment Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04153466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PAUL CHARLES RECRUITMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S L Hilsum

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

04153466 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

2,500

Tangible assets

4

2,500

CURRENT ASSETS

25,322

Debtors

5

30,045

10

Cash at bank

1

25,332

30,046

CREDITORS

25,139

Amounts falling due within one year

6

24,067

193

NET CURRENT ASSETS

5,979

2,693

TOTAL ASSETS LESS CURRENT LIABILITIES

8,479

CREDITORS

20,626

Amounts falling due after more than one year

7

20,475

(17,933

)

NET LIABILITIES

(11,996

)

CAPITAL AND RESERVES

100

Called up share capital

100

246

Revaluation reserve

-

(18,279

)

Retained earnings

(12,096

)

(17,933

)

SHAREHOLDERS' FUNDS

(11,996

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 10 June 2024 and were signed by:

S L Hilsum - Director

1.	STATUTORY INFORMATION

Paul Charles Recruitment 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

Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Tangible fixed assets

No depreciation was charged during the year as the company's assets have been depreciated in full.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Taxation

Taxation for the year 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.

Going concern

The accounts have been prepared on the going concern basis, the validity of which is dependant upon the continued support of the director. The director has confirmed his support for a period of at least twelve months from the date of signing the financial statements. The going concern basis is therefore considered appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

Totals

property

equipment

£

£

£

COST

At 1 April 2023

6,441

2,500

3,941

Disposals

(2,941

)

-

(2,941

)

At 31 March 2024

3,500

2,500

1,000

DEPRECIATION

At 1 April 2023

3,941

-

3,941

Eliminated on disposal

(2,941

)

-

(2,941

)

At 31 March 2024

1,000

-

1,000

NET BOOK VALUE

At 31 March 2024

2,500

2,500

-

At 31 March 2023

2,500

2,500

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

20,000

-

Other debtors

10,045

25,322

30,045

25,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans and overdrafts

4,308

3,986

Taxation and social security

9,100

11,372

Other creditors

10,659

9,781

24,067

25,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans

20,475

20,626

31.3.24

31.3.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,800

7,127