IRIS Accounts Production v23.3.0.418 10289430 director 1.2.22 31.1.23 31.1.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102894302022-01-31102894302023-01-31102894302022-02-012023-01-31102894302021-01-31102894302021-02-012022-01-31102894302022-01-3110289430ns10:Originalns15:EnglandWales2022-02-012023-01-3110289430ns14:PoundSterlingns10:Original2022-02-012023-01-3110289430ns10:Originalns10:Director12022-02-012023-01-3110289430ns10:Original2022-02-012023-01-3110289430ns10:Original2023-01-3110289430ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3110289430ns10:Originalns10:SmallEntities2022-02-012023-01-3110289430ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3110289430ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3110289430ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3110289430ns10:Originalns10:FullAccounts2022-02-012023-01-3110289430ns10:Original12022-02-012023-01-3110289430ns10:Originalns10:RegisteredOffice2022-02-012023-01-3110289430ns10:Original2022-01-3110289430ns10:Originalns5:CurrentFinancialInstruments2023-01-3110289430ns10:Originalns5:CurrentFinancialInstruments2022-01-3110289430ns10:Originalns5:Non-currentFinancialInstruments2023-01-3110289430ns10:Originalns5:Non-currentFinancialInstruments2022-01-3110289430ns5:ShareCapitalns10:Original2023-01-3110289430ns5:ShareCapitalns10:Original2022-01-3110289430ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3110289430ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110289430ns10:Originalns5:NetGoodwill2022-02-012023-01-3110289430ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-02-012023-01-3110289430ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-02-012023-01-3110289430ns10:Originalns5:PlantMachinery2022-02-012023-01-3110289430ns10:Originalns5:FurnitureFittings2022-02-012023-01-3110289430ns10:Originalns5:MotorVehicles2022-02-012023-01-3110289430ns10:Originalns5:ComputerEquipment2022-02-012023-01-3110289430ns10:Original2021-02-012022-01-3110289430ns10:Originalns5:NetGoodwill2022-01-3110289430ns10:Originalns5:NetGoodwill2023-01-3110289430ns10:Originalns5:NetGoodwill2022-01-3110289430ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-01-3110289430ns10:Originalns5:PlantMachinery2022-01-3110289430ns10:Originalns5:FurnitureFittings2022-01-3110289430ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3110289430ns10:Originalns5:PlantMachinery2023-01-3110289430ns10:Originalns5:FurnitureFittings2023-01-3110289430ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-01-3110289430ns10:Originalns5:PlantMachinery2022-01-3110289430ns10:Originalns5:FurnitureFittings2022-01-3110289430ns10:Originalns5:MotorVehicles2022-01-3110289430ns10:Originalns5:ComputerEquipment2022-01-3110289430ns10:Original2022-01-3110289430ns10:Originalns5:MotorVehicles2023-01-3110289430ns10:Originalns5:ComputerEquipment2023-01-3110289430ns10:Originalns5:MotorVehicles2022-01-3110289430ns10:Originalns5:ComputerEquipment2022-01-3110289430ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110289430ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3110289430ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3110289430ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-01-3110289430ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3110289430ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-01-3110289430ns10:Originalns5:WithinOneYear2023-01-3110289430ns10:Originalns5:WithinOneYear2022-01-3110289430ns5:BetweenOneFiveYearsns10:Original2023-01-3110289430ns5:BetweenOneFiveYearsns10:Original2022-01-3110289430ns10:Originalns5:MoreThanFiveYears2023-01-3110289430ns10:Originalns5:MoreThanFiveYears2022-01-3110289430ns10:Originalns5:AllPeriods2023-01-3110289430ns10:Originalns5:AllPeriods2022-01-3110289430ns10:Originalns5:DeferredTaxation2022-01-3110289430ns10:Originalns5:DeferredTaxation2022-02-012023-01-3110289430ns10:Originalns5:DeferredTaxation2023-01-3110289430ns10:Original1ns10:Director12022-01-3110289430ns10:Original1ns10:Director12021-01-3110289430ns10:Original1ns10:Director12022-02-012023-01-3110289430ns10:Original1ns10:Director12021-02-012022-01-3110289430ns10:Original1ns10:Director12023-01-3110289430ns10:Original1ns10:Director12022-01-31
REGISTERED NUMBER: 10289430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PRIME RECRUITMENT LIMITED

PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIME RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: C A T Diallo





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





BUSINESS ADDRESS: 85 Bohemia Rd
Saint Leonards-on-sea
Hastings
East Sussex
TN37 6RJ





REGISTERED NUMBER: 10289430 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,600
Tangible assets 5 44,108 20,613
44,108 24,213

CURRENT ASSETS
Debtors 6 338,505 257,266
Cash at bank 135,286 91,018
473,791 348,284
CREDITORS
Amounts falling due within one year 7 299,344 292,270
NET CURRENT ASSETS 174,447 56,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,555

80,227

CREDITORS
Amounts falling due after more than one
year

8

(11,859

)

(16,399

)

PROVISIONS FOR LIABILITIES 10 (3,457 ) (351 )
NET ASSETS 203,239 63,477

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 203,238 63,476
SHAREHOLDERS' FUNDS 203,239 63,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 13 October 2023 and were signed by:





C A T Diallo - Director


PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

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


1. STATUTORY INFORMATION

Prime 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 agency fees and is recognised at date of invoice upon completion of work.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five 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.
Short leasehold - Over 10 years
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Over 3 years

Government grants
Grants are accounted for under the accruals method. Grants of a revenue nature are recognised in "other income" within the profit or loss in the same period as the related expenditure.

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.

PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

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


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 24 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 18,000
AMORTISATION
At 1 February 2022 14,400
Amortisation for year 3,600
At 31 January 2023 18,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 3,600

5. TANGIBLE FIXED ASSETS
Short Plant & Furniture,fittings
leasehold machinery & equipment
£    £    £   
COST
At 1 February 2022 20,855 - -
Additions 11,455 6,051 5,049
At 31 January 2023 32,310 6,051 5,049
DEPRECIATION
At 1 February 2022 2,090 - -
Charge for year 3,231 1,513 1,262
At 31 January 2023 5,321 1,513 1,262
NET BOOK VALUE
At 31 January 2023 26,989 4,538 3,787
At 31 January 2022 18,765 - -

PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 - 3,198 24,053
Additions 3,500 7,994 34,049
At 31 January 2023 3,500 11,192 58,102
DEPRECIATION
At 1 February 2022 - 1,350 3,440
Charge for year 875 3,673 10,554
At 31 January 2023 875 5,023 13,994
NET BOOK VALUE
At 31 January 2023 2,625 6,169 44,108
At 31 January 2022 - 1,848 20,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 322,715 251,702
Other debtors 6,141 5,019
Directors' current accounts 9,384 -
Prepayments 265 545
338,505 257,266

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,540 4,428
Trade creditors 233,075 207,545
Tax 41,158 28,779
PAYE 3,613 35,233
Other creditors 3,054 2,842
Directors' current accounts - 3,416
Accrued expenses 13,904 10,027
299,344 292,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,655 4,540
Bank loans - 2-5 years 7,204 11,859
11,859 16,399

PRIME RECRUITMENT LIMITED (REGISTERED NUMBER: 10289430)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 27,564 19,500
Between one and five years 71,692 59,500
In more than five years 72,336 37,500
171,592 116,500

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,457 351

Deferred
tax
£   
Balance at 1 February 2022 351
Provided during year 3,106
Balance at 31 January 2023 3,457

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
C A T Diallo
Balance outstanding at start of year - -
Amounts advanced 9,384 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,384 -

Interest of £280 has been charged on this loan at the official rate of 2%.

This loan will be repaid in full by 31 October 2023.

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £266 (2022 : £Nil) by an associated company controlled by Mr C A T Diallo. No interest was charged on this amount. This amount is repayable on demand.