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REGISTERED NUMBER: 12691130 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Recruit Ins Ltd

Recruit Ins Ltd (Registered number: 12691130)

Contents of the Financial Statements
for the year ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Recruit Ins Ltd

Company Information
for the year ended 30th June 2023







DIRECTOR: Mr S Watters





SECRETARY:





REGISTERED OFFICE: 1 Haylock Drive
Bishops Stortford
Hertfordshire
CM2 3ZH





REGISTERED NUMBER: 12691130 (England and Wales)





ACCOUNTANT: Paul David Nurton
Chartered Certified Accountant
2 Pinns Cottage
Rodhuish
Exmoor
Minehead
Somerset
TA24 6QL

Recruit Ins Ltd (Registered number: 12691130)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,844 2,157

CURRENT ASSETS
Debtors 5 24,018 62,630
Cash at bank 78,937 5,186
102,955 67,816
CREDITORS
Amounts falling due within one year 6 31,690 30,836
NET CURRENT ASSETS 71,265 36,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,109

39,137

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 79,108 39,136
SHAREHOLDERS' FUNDS 79,109 39,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2023 and were signed by:




Mr S Watters - Director


Recruit Ins Ltd (Registered number: 12691130)

Notes to the Financial Statements
for the year ended 30th June 2023


1. STATUTORY INFORMATION

Recruit Ins Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Recruit Ins Ltd (Registered number: 12691130)

Notes to the Financial Statements - continued
for the year ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022 - 1,400 2,441 3,841
Additions 2,300 4,423 745 7,468
At 30th June 2023 2,300 5,823 3,186 11,309
DEPRECIATION
At 1st July 2022 - 365 1,319 1,684
Charge for year 230 501 1,050 1,781
At 30th June 2023 230 866 2,369 3,465
NET BOOK VALUE
At 30th June 2023 2,070 4,957 817 7,844
At 30th June 2022 - 1,035 1,122 2,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 62,630
Other debtors 24,018 -
24,018 62,630

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,976 1,309
Taxation and social security 25,114 28,064
Other creditors 4,600 1,463
31,690 30,836

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

Recruit Ins Ltd (Registered number: 12691130)

Notes to the Financial Statements - continued
for the year ended 30th June 2023


8. RESERVES
Retained
earnings
£   

At 1st July 2022 39,136
Profit for the year 87,281
Dividends (47,309 )
At 30th June 2023 79,108

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
Mr S Watters
Balance outstanding at start of year - -
Amounts advanced 24,018 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,018 -