Company registration number 10886784 (England and Wales)
LACUNA RECRUITMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2022
PAGES FOR FILING WITH REGISTRAR
LACUNA RECRUITMENT LIMITED
COMPANY INFORMATION
Directors
E N Ellis
J E McLaughlin
Company number
10886784
Registered office
Whitfield Buildings
184-200 Pensby Road
Heswall
Wirral
CH60 7RJ
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
Business address
Whitfield Buildings
184-200 Pensby Road
Heswall
Wirral
CH60 7RJ
LACUNA RECRUITMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LACUNA RECRUITMENT LIMITED
BALANCE SHEET
AS AT
30 OCTOBER 2022
30 October 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
1,950
4,000
Cash at bank and in hand
90
90
2,040
4,090
Creditors: amounts falling due within one year
4
(8,855)
(8,459)
Net current liabilities
(6,815)
(4,369)
Creditors: amounts falling due after more than one year
5
(4,195)
(5,819)
Net liabilities
(11,010)
(10,188)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(11,110)
(10,288)
Total equity
(11,010)
(10,188)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 October 2023 and are signed on its behalf by:
E N Ellis
Director
Company Registration No. 10886784
LACUNA RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2022
- 2 -
1
Accounting policies
Company information
Lacuna Recruitment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whitfield Buildings, 184-200 Pensby Road, Heswall, Wirral, CH60 7RJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, except for modification to a fair value basis where specified in the accounting policies set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue is recognised at the point in time when a candidate is placed within either a temporary or permanent contract of employment.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include debtors and cash, together with basic financial liabilities, including creditors, are initially recognised at transaction cost and not amortised as they are either receivable or payable within one year.
1.4
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
LACUNA RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2022
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
1,500
4,000
Other debtors
450
1,950
4,000
4
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
2,109
1,636
Taxation and social security
8
(1,695)
Other creditors
6,738
8,518
8,855
8,459
5
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
4,195
5,819
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100