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REGISTERED NUMBER: 05736691 (England and Wales)















REFLECT RECRUITMENT GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






REFLECT RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 05736691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


REFLECT RECRUITMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J C Ford





SECRETARY: J C Ford





REGISTERED OFFICE: 14 All Saints Street
Stamford
Lincolnshire
PE9 2PA





REGISTERED NUMBER: 05736691 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Holdings Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

REFLECT RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 05736691)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 136,344 35,684

CURRENT ASSETS
Debtors 5 262,631 250,364
Cash at bank 64,388 222,788
327,019 473,152
CREDITORS
Amounts falling due within one year 6 249,361 297,104
NET CURRENT ASSETS 77,658 176,048
TOTAL ASSETS LESS CURRENT LIABILITIES 214,002 211,732

CREDITORS
Amounts falling due after more than one year 7 (86,667 ) (126,667 )

PROVISIONS FOR LIABILITIES (19,741 ) (1,903 )
NET ASSETS 107,594 83,162

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 107,593 83,161
SHAREHOLDERS' FUNDS 107,594 83,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 August 2023 and were signed by:





J C Ford - Director


REFLECT RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 05736691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Reflect Recruitment Group 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue represents net invoices of temporary labour supplied to customers and charges made for recruitment of permanent placements. Such services are charged weekly and the revenue is recognised when invoices are raised.

Property, plant & equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 101 (2022 - 92 ) .

REFLECT RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 05736691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 36,917 154,649 191,566
Additions - 120,060 120,060
At 31 March 2023 36,917 274,709 311,626
DEPRECIATION
At 1 April 2022 36,917 118,965 155,882
Charge for year - 19,400 19,400
At 31 March 2023 36,917 138,365 175,282
NET BOOK VALUE
At 31 March 2023 - 136,344 136,344
At 31 March 2022 - 35,684 35,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 244,341 234,215
Other debtors 18,290 16,149
262,631 250,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 14,681 4,082
Taxation and social security 181,122 189,685
Other creditors 13,558 63,337
249,361 297,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 86,667 126,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 126,667 166,667

The bank loan is secured by a floating charge over all the property of the company.

REFLECT RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 05736691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

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

10. OTHER FINANCIAL COMMITMENTS

The company has commitments due at 31 March 2023 of £234,525 (2022: £109,250).