Redrock Recruitment Ltd - Filleted accounts

Redrock Recruitment Ltd - Filleted accounts

REDROCK RECRUITMENT LTD - Company Information

Print Friendly Version

Registered number
08211617
Redrock Recruitment Ltd
Accounts
31 January 2017
Redrock Recruitment Ltd Registered number
Balance Sheet 08211617
as at 31 January 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 823 798
Current assets
Debtors 4 431,913 182,520
Cash at bank and in hand 39,044 34,318
470,957 216,838
Creditors: amounts falling due within one year 5 (469,172) (216,772)
Net current assets 1,785 66
Net assets 2,608 864
Capital and reserves
Called up share capital 220 2
Profit and loss account 2,388 862
Shareholders' funds 2,608 864
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Mitchell
Director
Approved by the board on 11 May 2017
Redrock Recruitment Ltd
Notes to the Accounts
for the year ended 31 January 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Turnover
Turnover represents the value of services supplied, net of value added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less depreciation and any impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, over the expected useful life of the assets as follows:
Equipment - 25% p.a. on the reducing balance basis
Factored debts
The company factors trade debts but retains significant benefits and risks in relation to the amounts factored. A separate presentation is therefore adopted, with the gross value of debts being shown within debtors and the amount due to the factoring company shown within creditors.
Pensions
The company operates defined contribution pension scheme arrangements. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees 2017 2016
Average number of persons employed 5 2
3 Tangible fixed assets Equipment
£
Cost
At 1 February 2016 1,064
Additions 300
At 31 January 2017 1,364
Depreciation
At 1 February 2016 266
Charge for the year 275
At 31 January 2017 541
Net book value
At 31 January 2017 823
At 31 January 2016 798
4 Debtors 2017 2016
£ £
Trade debtors 406,086 179,688
Other debtors 25,827 2,832
431,913 182,520
5 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 53,340 32,654
Corporation tax 29,531 11,056
Other taxes and social security 77,816 13,752
Factoring company 261,075 128,099
Other creditors 47,410 31,211
469,172 216,772
Amounts due to the factoring company are secured by way of a fixed and floating charge over company assets

It appears that, owing to a processing error, a significant amount of input VAT due to a supplier has not been accounted for by the firm dealing with supplier payments. This matter is still under enquiry but it is anticipated that any further amounts due to the supplier should be mirrored by additional input VAT recoverable by Redrock Recruitment Ltd. There should therefore be no significant effect on the company's net asset position.
6 Controlling party
At 31 January 2017 the company was controlled by the directors, who between them held a controlling interest in the company's issued share capital.
7 Other information
Redrock Recruitment Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is 121 Brooker Road, Waltham Abbey, Essex, EN9 1JH.
Redrock Recruitment Ltd 08211617 false 2016-02-01 2017-01-31 2017-01-31 VT Final Accounts March 2017 D Mitchell No description of principal activity 08211617 2015-02-01 2016-01-31 08211617 core:WithinOneYear 2016-01-31 08211617 core:ShareCapital 2016-01-31 08211617 core:RetainedEarningsAccumulatedLosses 2016-01-31 08211617 2016-02-01 2017-01-31 08211617 bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 08211617 bus:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 08211617 bus:Director40 2016-02-01 2017-01-31 08211617 core:PlantMachinery 2016-02-01 2017-01-31 08211617 countries:England 2016-02-01 2017-01-31 08211617 bus:FRS102 2016-02-01 2017-01-31 08211617 bus:FullAccounts 2016-02-01 2017-01-31 08211617 2017-01-31 08211617 core:WithinOneYear 2017-01-31 08211617 core:ShareCapital 2017-01-31 08211617 core:RetainedEarningsAccumulatedLosses 2017-01-31 08211617 core:PlantMachinery 2017-01-31 08211617 2016-01-31 08211617 core:PlantMachinery 2016-01-31 iso4217:GBP xbrli:pure