Bliss Recruitment Ltd 12348698 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is Staff recruitment Digita Accounts Production Advanced 6.30.9574.0 true 12348698 2022-01-01 2022-12-31 12348698 2022-12-31 12348698 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-12-31 12348698 core:CurrentFinancialInstruments 2022-12-31 12348698 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12348698 core:Non-currentFinancialInstruments 2022-12-31 12348698 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12348698 core:FurnitureFittingsToolsEquipment 2022-12-31 12348698 core:LandBuildings 2022-12-31 12348698 core:MotorVehicles 2022-12-31 12348698 bus:SmallEntities 2022-01-01 2022-12-31 12348698 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12348698 bus:FullAccounts 2022-01-01 2022-12-31 12348698 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12348698 bus:RegisteredOffice 2022-01-01 2022-12-31 12348698 bus:Director1 2022-01-01 2022-12-31 12348698 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-01-01 2022-12-31 12348698 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12348698 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 12348698 core:LandBuildings 2022-01-01 2022-12-31 12348698 core:MotorVehicles 2022-01-01 2022-12-31 12348698 core:OfficeEquipment 2022-01-01 2022-12-31 12348698 countries:EnglandWales 2022-01-01 2022-12-31 12348698 2021-12-31 12348698 core:FurnitureFittingsToolsEquipment 2021-12-31 12348698 core:LandBuildings 2021-12-31 12348698 core:MotorVehicles 2021-12-31 12348698 2021-01-01 2021-12-31 12348698 2021-12-31 12348698 bus:OrdinaryShareClass1 bus:CumulativeShares 2021-12-31 12348698 core:CurrentFinancialInstruments 2021-12-31 12348698 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 12348698 core:Non-currentFinancialInstruments 2021-12-31 12348698 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 12348698 core:FurnitureFittingsToolsEquipment 2021-12-31 12348698 core:LandBuildings 2021-12-31 12348698 core:MotorVehicles 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12348698

Bliss Recruitment Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Bliss Recruitment Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Bliss Recruitment Ltd

Company Information

Director

Mrs K T Yates

Registered office

99 Walton Vale
Liverpool
L9 4SR

Accountants

JBRS Accountants Limited
13 Walton Vale
Liverpool
Merseyside
L9 4RQ

 

Bliss Recruitment Ltd

(Registration number: 12348698)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

219,853

70,717

Current assets

 

Debtors

5

624,265

324,318

Cash at bank and in hand

 

273,842

43,035

 

898,107

367,353

Creditors: Amounts falling due within one year

6

(394,149)

(162,516)

Net current assets

 

503,958

204,837

Total assets less current liabilities

 

723,811

275,554

Creditors: Amounts falling due after more than one year

6

(74,868)

(60,742)

Net assets

 

648,943

214,812

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

648,942

214,811

Shareholders' funds

 

648,943

214,812

For the financial year ending 31 December 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 year in question in accordance with section 476; and

The director acknowledges her 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2023
 

.........................................
Mrs K T Yates
Director

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
99 Walton Vale
Liverpool
L9 4SR

These financial statements were authorised for issue by the director on 30 September 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

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.

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

Motor vehicles

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 81 (2021 - 52).

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2022

-

24,013

64,384

88,397

Additions

48,941

18,379

146,275

213,595

Disposals

-

-

(15,500)

(15,500)

At 31 December 2022

48,941

42,392

195,159

286,492

Depreciation

At 1 January 2022

-

4,803

12,877

17,680

Charge for the year

9,788

5,815

36,456

52,059

Eliminated on disposal

-

-

(3,100)

(3,100)

At 31 December 2022

9,788

10,618

46,233

66,639

Carrying amount

At 31 December 2022

39,153

31,774

148,926

219,853

At 31 December 2021

-

19,210

51,507

70,717

Included within the net book value of land and buildings above is £39,153 (2021 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current

Note

2022
£

2021
£

Amounts owed by related parties

10

175,008

-

Other debtors

 

449,257

324,318

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

2,552

1,199

Taxation and social security

369,870

154,726

Accruals and deferred income

23,134

-

Other creditors

(1,407)

6,591

394,149

162,516

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

74,868

60,742

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

of £1 each

1

1

1

1

         

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

74,868

60,742

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

9

Dividends

   

2022

 

2021

   

£

 

£

Interim dividend of £85,000.00 (2021 - £85,000.00) per ordinary share

 

85,000

 

85,000

         

10

Related party transactions

 

Bliss Recruitment Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Director's remuneration

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

2022
£

2021
£

Remuneration

12,570

11,477