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Company Registration No. 07532053 (England and Wales)
Open Select Recruitment Limited Unaudited accounts for the year ended 28 February 2022
Open Select Recruitment Limited Unaudited accounts Contents
Page
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Open Select Recruitment Limited Company Information for the year ended 28 February 2022
Directors
Matthew Geppert Amy Geppert
Company Number
07532053 (England and Wales)
Registered Office
Unit 6, Bassett Business Units Hurricane Way North Weald Essex CM16 6AA United Kingdom
Accountants
Geppert & Co PO Box 9938 Epping Essex CM16 9BF
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Open Select Recruitment Limited Accountants' report
Accountants' report to the board of directors of Open Select Recruitment Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Open Select Recruitment Limited for the year ended 28 February 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Open Select Recruitment Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Open Select Recruitment Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Open Select Recruitment Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Open Select Recruitment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Open Select Recruitment Limited. You consider that Open Select Recruitment Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Open Select Recruitment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Geppert & Co PO Box 9938 Epping Essex CM16 9BF 20 July 2022
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Open Select Recruitment Limited Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,432 
37,461 
Current assets
Debtors
17,225 
11,620 
Cash at bank and in hand
16,171 
12,012 
33,396 
23,632 
Creditors: amounts falling due within one year
(18,051)
(9,881)
Net current assets
15,345 
13,751 
Total assets less current liabilities
50,777 
51,212 
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net assets
777 
1,212 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
775 
1,210 
Shareholders' funds
777 
1,212 
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2022 and were signed on its behalf by
Matthew Geppert Director Company Registration No. 07532053
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Open Select Recruitment Limited Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
Open Select Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 07532053. The registered office is Unit 6, Bassett Business Units, Hurricane Way, North Weald, Essex, CM16 6AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2021
22,324 
36,643 
24,739 
83,706 
Additions
- 
- 
1,249 
1,249 
At 28 February 2022
22,324 
36,643 
25,988 
84,955 
Depreciation
At 1 March 2021
- 
27,975 
18,270 
46,245 
Charge for the year
- 
1,734 
1,544 
3,278 
At 28 February 2022
- 
29,709 
19,814 
49,523 
Net book value
At 28 February 2022
22,324 
6,934 
6,174 
35,432 
At 28 February 2021
22,324 
8,668 
6,469 
37,461 
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Open Select Recruitment Limited Notes to the Accounts for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
6,492 
Other debtors
15,172 
5,128 
15,172 
11,620 
Debtors: amounts falling due after more than one year
Other debtors
2,053 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
6,717 
2,129 
Obligations under finance leases and hire purchase contracts
287 
1,483 
Trade creditors
4,733 
- 
Taxes and social security
314 
269 
Accruals
6,000 
6,000 
18,051 
9,881 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
50,000 
50,000 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary A shares of £1 each
1 
1 
1 Ordinary B Shares of £1 each
1 
1 
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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