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REGISTERED NUMBER: SC383576 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

SNJ Recruitment Limited

SNJ Recruitment Limited (Registered number: SC383576)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SNJ Recruitment Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: I Wright
S Wright





REGISTERED OFFICE: 4th Floor
111 Union Street
Glasgow
G1 3TA





REGISTERED NUMBER: SC383576 (Scotland)





ACCOUNTANTS: Dunellan Accountancy Limited
24 Chapel Street
Airdrie
ML6 6LG

SNJ Recruitment Limited (Registered number: SC383576)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,267 5,184

CURRENT ASSETS
Debtors 5 346,799 409,004
Cash at bank and in hand 659,463 447,950
1,006,262 856,954
CREDITORS
Amounts falling due within one year 6 806,317 652,571
NET CURRENT ASSETS 199,945 204,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,212

209,567

CREDITORS
Amounts falling due after more than one
year

7

(43,333

)

(63,333

)

PROVISIONS FOR LIABILITIES (1,001 ) (985 )
NET ASSETS 160,878 145,249

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 160,778 145,149
SHAREHOLDERS' FUNDS 160,878 145,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

SNJ Recruitment Limited (Registered number: SC383576)

Balance Sheet - continued
28 February 2023


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 10 October 2023 and were signed on its behalf by:





I Wright - Director


SNJ Recruitment Limited (Registered number: SC383576)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

SNJ Recruitment Limited is a private company, limited by shares , registered in Scotland. 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 the net invoiced sale of services excluding value added tax.

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 reducing balance
Computer equipment - 25% 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.

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. The total paid in the year was £75,697 (2022 £61,899).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 220 (2022 - 214 ) .

SNJ Recruitment Limited (Registered number: SC383576)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 6,317 20,286 26,603
Additions - 1,025 1,025
At 28 February 2023 6,317 21,311 27,628
DEPRECIATION
At 1 March 2022 2,768 18,651 21,419
Charge for year 710 232 942
At 28 February 2023 3,478 18,883 22,361
NET BOOK VALUE
At 28 February 2023 2,839 2,428 5,267
At 28 February 2022 3,549 1,635 5,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 329,107 403,742
Other debtors 17,692 5,262
346,799 409,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 295,917 213,593
Trade creditors 2,237 9,575
Tax 23,742 31,345
Social security and other taxes 38,744 34,824
VAT 321,610 254,259
Sundry creditors 74,724 63,573
Accrued expenses 49,343 45,402
806,317 652,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 23,333 43,333
43,333 63,333

SNJ Recruitment Limited (Registered number: SC383576)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Invoice finance 275,917 193,593

Amounts due to invoice finance are secured by a floating charge.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Wright.