Teespro Recruitment Limited 13487146 false 2021-07-01 2022-07-31 2022-07-31 The principal activity of the company is temporary employment activities Digita Accounts Production Advanced 6.30.9574.0 true 13487146 2021-07-01 2022-07-31 13487146 2022-07-31 13487146 core:RetainedEarningsAccumulatedLosses 2022-07-31 13487146 core:ShareCapital 2022-07-31 13487146 core:CurrentFinancialInstruments 2022-07-31 13487146 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 13487146 core:OfficeEquipment 2022-07-31 13487146 bus:SmallEntities 2021-07-01 2022-07-31 13487146 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-07-31 13487146 bus:FullAccounts 2021-07-01 2022-07-31 13487146 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-07-31 13487146 bus:RegisteredOffice 2021-07-01 2022-07-31 13487146 bus:Director1 2021-07-01 2022-07-31 13487146 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-07-31 13487146 core:OfficeEquipment 2021-07-01 2022-07-31 13487146 countries:AllCountries 2021-07-01 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 13487146

Teespro Recruitment Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 July 2021 to 31 July 2022

 

Teespro Recruitment Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Teespro Recruitment Limited

Company Information

Director

Mr Scott Webb

Registered office

14 Pennyman Way
Stainton
Middlesbrough
TS8 9BL

Accountants

Tree Accountancy Limited
Chartered Certified Accountants
3rd Floor
Eastgate
Castle Street
Castlefield
Manchester
M3 4LZ

 

Teespro Recruitment Limited

(Registration number: 13487146)
Balance Sheet as at 31 July 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

1,892

Current assets

 

Debtors

5

20,561

Cash at bank and in hand

 

19,157

 

39,718

Creditors: Amounts falling due within one year

6

(27,314)

Net current assets

 

12,404

Net assets

 

14,296

Capital and reserves

 

Called up share capital

1

Profit and loss account

14,295

Shareholders' funds

 

14,296

For the financial period ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 5 September 2022
 

.........................................
Mr Scott Webb
Director

 

Teespro Recruitment Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 July 2022

1

General information

The company's registration number is: 13487146

The address of its registered office is:
14 Pennyman Way
Stainton
Middlesbrough
TS8 9BL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Teespro Recruitment Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 July 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Teespro Recruitment Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 July 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

2,258

2,258

At 31 July 2022

2,258

2,258

Depreciation

Charge for the period

366

366

At 31 July 2022

366

366

Carrying amount

At 31 July 2022

1,892

1,892

5

Debtors

2022
£

Prepayments

3,061

Other debtors

17,500

20,561

6

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Trade creditors

149

Taxation and social security

7,902

Other creditors

19,263

27,314

 

Teespro Recruitment Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2021 to 31 July 2022

7

Related party transactions

Directors' remuneration

The director's remuneration for the period was as follows:

2022
£

Remuneration

7,371

Contributions paid to money purchase schemes

3,500

10,871