Company Registration No. 09995374 (England and Wales)
RECRUITERWEB LIMITED
Unaudited accounts
for the year ended 28 February 2023
RECRUITERWEB LIMITED
Unaudited accounts
Contents
RECRUITERWEB LIMITED
Company Information
for the year ended 28 February 2023
Director
REVELL, Darren Lee
Company Number
09995374 (England and Wales)
Registered Office
28 BRICK KILN LANE
SHEPSHED
LOUGHBOROUGH
LE12 9EL
ENGLAND
RECRUITERWEB LIMITED
Statement of financial position
as at 28 February 2023
Intangible assets
475,254
500,267
Tangible assets
1,034
1,551
Cash at bank and in hand
27,615
30,579
Creditors: amounts falling due within one year
(89,675)
(75,434)
Net current liabilities
(81,056)
(44,511)
Total assets less current liabilities
395,232
457,307
Creditors: amounts falling due after more than one year
13,680
(5,059)
Net assets
408,912
452,248
Called up share capital
3
2
Revaluation reserve
247,050
247,050
Profit and loss account
161,859
205,196
Shareholders' funds
408,912
452,248
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 18 October 2023 and were signed on its behalf by
REVELL, Darren Lee
Director
Company Registration No. 09995374
RECRUITERWEB LIMITED
Notes to the Accounts
for the year ended 28 February 2023
RECRUITERWEB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09995374. The registered office is 28 BRICK KILN LANE, SHEPSHED, LOUGHBOROUGH, LE12 9EL, 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.
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 of FInancial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Software. It is amortised to the profit and loss account over its estimated economic life of 20 years. As at 28 February 2019, the intellectual property was revalued at fair value and accumulated depreciation has been
revered to the Profit and Loss account in accordance with FRS 102.
4
Intangible fixed assets
Other
At 28 February 2023
607,050
Charge for the year
25,013
At 28 February 2023
131,796
At 28 February 2023
475,254
At 28 February 2022
500,267
RECRUITERWEB LIMITED
Notes to the Accounts
for the year ended 28 February 2023
5
Tangible fixed assets
Computer equipment
At 28 February 2023
10,545
Amounts falling due within one year
Trade debtors
86,759
93,986
Accrued income and prepayments
(105,755)
(93,642)
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
50,805
50,805
Taxes and social security
32,680
20,789
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
(68,906)
(62,761)
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
2
Shares issued during the period:
1 Ordinary shares of £1 each
1
RECRUITERWEB LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Included within Creditors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors and shareholders:
Mr Darren Revell - £40,517
Mrs Karen Revell - £7,750
Mr Scott Ravell - £14,250
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Average number of employees
During the year the average number of employees was 1 (2022: 1).