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REGISTERED NUMBER: 04452870 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

WORKSMART RECRUITMENT LIMITED
TRADING AS
TRAVAIL EMPLOYMENT GROUP

WORKSMART RECRUITMENT LIMITED (REGISTERED NUMBER: 04452870)
TRADING AS TRAVAIL EMPLOYMENT GROUP

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

WORKSMART RECRUITMENT LIMITED
TRADING AS TRAVAIL EMPLOYMENT GROUP

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2022







DIRECTORS: T M Esat
M F Esat



REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT



REGISTERED NUMBER: 04452870 (England and Wales)



ACCOUNTANTS: Dataday Accountability
Accountants & Business Consultants
2 Seabraes Lane
Dundee
Angus
DD1 4AB



BANKERS: Lloyds Bank Plc
Thavies Inn House
6 Holborn Circus
London
EC1N 2HP

WORKSMART RECRUITMENT LIMITED (REGISTERED NUMBER: 04452870)
TRADING AS TRAVAIL EMPLOYMENT GROUP

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,274 4,255

CURRENT ASSETS
Debtors 5 5,020 12,356
Cash at bank 6,900 3,900
11,920 16,256
CREDITORS
Amounts falling due within one year 6 (21,721 ) (17,965 )
NET CURRENT LIABILITIES (9,801 ) (1,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,527

)

2,546

CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Share premium 8 24,669 24,669
Retained earnings 8 (32,529 ) (23,456 )
SHAREHOLDERS' FUNDS (6,527 ) 2,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WORKSMART RECRUITMENT LIMITED (REGISTERED NUMBER: 04452870)
TRADING AS TRAVAIL EMPLOYMENT GROUP

BALANCE SHEET - continued
31 DECEMBER 2022


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 Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





M F Esat - Director


WORKSMART RECRUITMENT LIMITED (REGISTERED NUMBER: 04452870)
TRADING AS TRAVAIL EMPLOYMENT GROUP

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022


1. STATUTORY INFORMATION

Worksmart Recruitment Limited 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 represents net invoiced sales of services, excluding value added tax.

Franchise licence fee
The franchise licence fee, being the amount paid in connection trading rights acquired, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Office 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WORKSMART RECRUITMENT LIMITED (REGISTERED NUMBER: 04452870)
TRADING AS TRAVAIL EMPLOYMENT GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 2,213 5,000 4,098 11,311
Additions 790 - - 790
At 31 December 2022 3,003 5,000 4,098 12,101
DEPRECIATION
At 1 January 2022 2,213 1,250 3,593 7,056
Charge for year 158 1,250 363 1,771
At 31 December 2022 2,371 2,500 3,956 8,827
NET BOOK VALUE
At 31 December 2022 632 2,500 142 3,274
At 31 December 2021 - 3,750 505 4,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors 5,020 11,406
Rent deposit - 950
5,020 12,356

WORKSMART RECRUITMENT LIMITED (REGISTERED NUMBER: 04452870)
TRADING AS TRAVAIL EMPLOYMENT GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Bank loans and overdrafts 7,496 6,650
Trade creditors 2,639 3,236
Tax - 2
Social security and other taxes 549 692
VAT 4,254 3,993
Net Wages 1,810 505
Trade loan (2,741 ) 1,707
Directors Account 6,161 1,094
Pension contributions 63 86
Accrued expenses 1,490 -
21,721 17,965

7. SECURED DEBTS

The following secured debts are included within creditors:

31/12/22 31/12/21
£    £   
Bank overdrafts 7,496 6,650

The bank loan facilities have been secured in favour of the company's bankers by way of personal guarantees provided by the directors.

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2022 (23,456 ) 24,669 1,213
Deficit for the year (9,073 ) (9,073 )
At 31 December 2022 (32,529 ) 24,669 (7,860 )

WORKSMART RECRUITMENT LIMITED
TRADING AS TRAVAIL EMPLOYMENT GROUP

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
WORKSMART RECRUITMENT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2014, set out on pages four to ten, and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Dataday Accountability
Accountants & Business Consultants
2 Seabraes Lane
Dundee
Angus
DD1 4AB


30 September 2023