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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
Page
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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
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Root2 Recruitment Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2 
232 
Current assets
Debtors
37,715 
16,933 
Cash at bank and in hand
99 
33,229 
37,814 
50,162 
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)
Net assets
724 
28,335 
Capital and reserves
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
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Root2 Recruitment Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2023
1 
1 
2 
At 31 March 2022
231 
1 
232 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,009 
16,933 
Other debtors
6,706 
- 
37,715 
16,933 
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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 
VAT
53,925 
- 
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)
Accruals
2,063 
2,063 
15,425 
(9,608)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,667 
31,667 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr David Norton
Loan to Director
66,770 
- 
8,082 
58,688 
Mrs Judy Norton
Loan to Director
44,652 
- 
8,083 
36,569 
111,422 
- 
16,165 
95,257 
9
Average number of employees
During the year the average number of employees was 81 (2022: 81).
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