Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01falsefalseNo description of principal activity2020trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04526781 2021-04-01 2022-03-31 04526781 2020-04-01 2021-03-31 04526781 2022-03-31 04526781 2021-03-31 04526781 c:Director1 2021-04-01 2022-03-31 04526781 d:MotorVehicles 2021-04-01 2022-03-31 04526781 d:MotorVehicles 2022-03-31 04526781 d:MotorVehicles 2021-03-31 04526781 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04526781 d:FurnitureFittings 2021-04-01 2022-03-31 04526781 d:FurnitureFittings 2022-03-31 04526781 d:FurnitureFittings 2021-03-31 04526781 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04526781 d:ComputerEquipment 2021-04-01 2022-03-31 04526781 d:ComputerEquipment 2022-03-31 04526781 d:ComputerEquipment 2021-03-31 04526781 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04526781 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04526781 d:ComputerSoftware 2022-03-31 04526781 d:ComputerSoftware 2021-03-31 04526781 d:CurrentFinancialInstruments 2022-03-31 04526781 d:CurrentFinancialInstruments 2021-03-31 04526781 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04526781 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 04526781 d:ShareCapital 2022-03-31 04526781 d:ShareCapital 2021-03-31 04526781 d:RetainedEarningsAccumulatedLosses 2022-03-31 04526781 d:RetainedEarningsAccumulatedLosses 2021-03-31 04526781 c:FRS102 2021-04-01 2022-03-31 04526781 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 04526781 c:FullAccounts 2021-04-01 2022-03-31 04526781 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04526781 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04526781 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 04526781 d:ComputerSoftware d:OwnedIntangibleAssets 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 04526781










PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
REGISTERED NUMBER: 04526781

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 3 
-
149

Tangible assets
 4 
10,016
19,284

  
10,016
19,433

Current assets
  

Stocks
 5 
336,603
264,184

Debtors: amounts falling due within one year
 6 
1,990,004
2,597,243

Cash at bank and in hand
 7 
148,111
13,032

  
2,474,718
2,874,459

Creditors: amounts falling due within one year
 8 
(1,081,981)
(889,838)

Net current assets
  
 
 
1,392,737
 
 
1,984,621

Total assets less current liabilities
  
1,402,753
2,004,054

Provisions for liabilities
  

Deferred tax
 9 
(1,466)
(3,198)

  
 
 
(1,466)
 
 
(3,198)

Net assets
  
1,401,287
2,000,856


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,400,287
1,999,856

  
1,401,287
2,000,856


Page 1

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
REGISTERED NUMBER: 04526781
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






D M Thomas
Director

Date: 2 August 2022

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Professional Construction Recruitment Limited, 04526781, is a private company limited by shares.  It is incorporated in England & Wales.  The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Computer equipment
-
33% on cost

 
2.5

Work in progress

Work in progress relates to time costs for work completed but not billed at the end of the period.  At each reporting date, the work in progress is assesed for impairment.  If the time costs are impaired, the carrying amount is reduced to the recoverable cost price.  Any impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

Page 5

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 6

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

3.


Intangible assets




Computer software

£



Cost


At 1 April 2021
14,900



At 31 March 2022

14,900



Amortisation


At 1 April 2021
14,751


Charge for the year on owned assets
149



At 31 March 2022

14,900



Net book value



At 31 March 2022
-



At 31 March 2021
149



Page 7

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2021
3,600
23,916
81,200
108,716


Additions
-
-
3,386
3,386



At 31 March 2022

3,600
23,916
84,586
112,102



Depreciation


At 1 April 2021
3,498
15,994
69,940
89,432


Charge for the year on owned assets
20
1,981
10,653
12,654



At 31 March 2022

3,518
17,975
80,593
102,086



Net book value



At 31 March 2022
82
5,941
3,993
10,016



At 31 March 2021
102
7,922
11,260
19,284

Page 8

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Stocks

2022
2021
£
£

Work in progress
336,603
264,184

336,603
264,184



6.


Debtors

2022
2021
£
£


Trade debtors
1,120,645
1,479,329

Amounts owed by group undertakings
757,089
725,443

Other debtors
5,100
280,325

Prepayments and accrued income
107,170
112,146

1,990,004
2,597,243



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
148,109
13,031

148,109
13,031



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
295,965
302,002

Corporation tax
125,514
210,608

Other taxation and social security
124,709
120,826

Other creditors
33,307
33,416

Accruals and deferred income
502,486
222,986

1,081,981
889,838


Page 9

 
PROFESSIONAL CONSTRUCTION RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

9.


Deferred taxation




2022


£






At beginning of year
(3,198)


Charged to profit or loss
1,732



At end of year
(1,466)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(1,466)
(3,198)

(1,466)
(3,198)


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The employer pension cost charge represents contributions payable by the company to the fund and amounted to £14,426 (2021 - £11,385). There were no contributions oustanding to the fund at the reporting date.

 
Page 10