Company Registration No. 08215651 (England and Wales)
Root2 Recruitment Limited
Unaudited accounts
for the year ended 31 March 2023
Root2 Recruitment Limited
Unaudited accounts
Contents
Root2 Recruitment Limited
Company Information
for the year ended 31 March 2023
Directors
Mr David Norton
Mrs Judy Norton
Company Number
08215651 (England and Wales)
Registered Office
3-5 EASTGATE
EASTGATE
LOUTH
LN11 9NB
ENGLAND
Accountants
Rebecca Beaton
Waters Edge
Maltkiln Road
Barton-upon-Humber
Lincolnshire
DN18 5JR
Root2 Recruitment Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
99
33,229
Creditors: amounts falling due within one year
(15,425)
9,608
Net current assets
22,389
59,770
Total assets less current liabilities
22,391
60,002
Creditors: amounts falling due after more than one year
(21,667)
(31,667)
Called up share capital
2
2
Profit and loss account
722
28,333
Shareholders' funds
724
28,335
For the year ending 31 March 2023 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 27 September 2023 and were signed on its behalf by
Mr David Norton
Director
Company Registration No. 08215651
Root2 Recruitment Limited
Notes to the Accounts
for the year ended 31 March 2023
Root2 Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 08215651. The registered office is 3-5 EASTGATE, EASTGATE, LOUTH, LN11 9NB, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight line basis
Computer equipment
50% Straight line basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
5,308
9,061
14,369
At 31 March 2023
5,308
9,061
14,369
At 1 April 2022
5,077
9,060
14,137
Charge for the year
230
-
230
At 31 March 2023
5,307
9,060
14,367
At 31 March 2022
231
1
232
Amounts falling due within one year
Trade debtors
31,009
16,933
Root2 Recruitment Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,799
10,000
Trade creditors
313
17,235
Taxes and social security
36,045
66,007
Other creditors
2,537
6,509
Loans from directors
(95,257)
(111,422)
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
66,770
-
8,082
58,688
Loan to Director
44,652
-
8,083
36,569
9
Average number of employees
During the year the average number of employees was 81 (2022: 81).