1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,869 295 1,574 954 223 272 905 669 915 xbrli:pure xbrli:shares iso4217:GBP 06868599 2022-05-01 2023-04-30 06868599 2023-04-30 06868599 2022-04-30 06868599 2021-05-01 2022-04-30 06868599 2022-04-30 06868599 2021-04-30 06868599 core:PlantMachinery 2022-05-01 2023-04-30 06868599 bus:Director1 2022-05-01 2023-04-30 06868599 core:PlantMachinery 2022-04-30 06868599 core:PlantMachinery 2023-04-30 06868599 core:WithinOneYear 2023-04-30 06868599 core:WithinOneYear 2022-04-30 06868599 core:AfterOneYear 2023-04-30 06868599 core:AfterOneYear 2022-04-30 06868599 core:ShareCapital 2023-04-30 06868599 core:ShareCapital 2022-04-30 06868599 core:RetainedEarningsAccumulatedLosses 2023-04-30 06868599 core:RetainedEarningsAccumulatedLosses 2022-04-30 06868599 core:PlantMachinery 2022-04-30 06868599 bus:SmallEntities 2022-05-01 2023-04-30 06868599 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06868599 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 06868599 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06868599 bus:FullAccounts 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 06868599
Smartsearch Recruitment Limited
Filleted Unaudited Financial Statements
30 April 2023
Smartsearch Recruitment Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
669
915
Current assets
Debtors
6
109,390
68,173
Cash at bank and in hand
44,466
103,469
---------
---------
153,856
171,642
Creditors: amounts falling due within one year
7
24,892
21,366
---------
---------
Net current assets
128,964
150,276
---------
---------
Total assets less current liabilities
129,633
151,191
Creditors: amounts falling due after more than one year
8
21,040
29,140
---------
---------
Net assets
108,593
122,051
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
108,493
121,951
---------
---------
Shareholders funds
108,593
122,051
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Smartsearch Recruitment Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 17 October 2023 , and are signed on behalf of the board by:
Mr R L Wright
Director
Company registration number: 06868599
Smartsearch Recruitment Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Queens Park View, Chester, CH4 7BU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced for the supply of online recruitment services during the year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
25% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 May 2022
1,869
1,869
Disposals
( 295)
( 295)
-------
-------
At 30 April 2023
1,574
1,574
-------
-------
Depreciation
At 1 May 2022
954
954
Charge for the year
223
223
Disposals
( 272)
( 272)
-------
-------
At 30 April 2023
905
905
-------
-------
Carrying amount
At 30 April 2023
669
669
-------
-------
At 30 April 2022
915
915
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
35,434
22,196
Other debtors
73,956
45,977
---------
--------
109,390
68,173
---------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7,788
7,285
Trade creditors
1,671
402
Social security and other taxes
14,257
12,617
Other creditors
1,176
1,062
--------
--------
24,892
21,366
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,040
29,140
--------
--------
9. Director's advances, credits and guarantees
The director operates a current account with the company. The opening balance at the start of the year was £45,841 overdrawn (2022 28,762 overdrawn) and at the close of the year, the director owed the company £73,804 (2022 £48,841 overdrawn). Interest has been charged by the company in respect of this loan at a rate of 2% and the loan is repayable on demand.