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REGISTERED NUMBER: 06147124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Tay Recruitment Ltd

Tay Recruitment Ltd (Registered number: 06147124)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tay Recruitment Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr T A Young





REGISTERED OFFICE: Ground Floor
Brendon House
Almondsbury Business Park
Bristol
BS32 4QH





REGISTERED NUMBER: 06147124 (England and Wales)





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

Tay Recruitment Ltd (Registered number: 06147124)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,766 16,779

CURRENT ASSETS
Stocks 102,127 101,609
Debtors 684,030 552,410
Cash at bank 1,557 18,207
787,714 672,226
CREDITORS
Amounts falling due within one year 409,341 272,973
NET CURRENT ASSETS 378,373 399,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,139

416,032

CREDITORS
Amounts falling due after more than one
year

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES 6 (103 ) (80 )
NET ASSETS 357,703 382,619

CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium 40,802 40,802
Retained earnings 316,801 341,717
SHAREHOLDERS' FUNDS 357,703 382,619

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

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

Tay Recruitment Ltd (Registered number: 06147124)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 August 2023 and were signed by:





Mr T A Young - Director


Tay Recruitment Ltd (Registered number: 06147124)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Tay Recruitment Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Tay Recruitment Ltd (Registered number: 06147124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 98 (2022 - 98 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 35,061
Additions 553
Disposals (24,253 )
At 31 March 2023 11,361
DEPRECIATION
At 1 April 2022 18,282
Charge for year 923
Eliminated on disposal (10,610 )
At 31 March 2023 8,595
NET BOOK VALUE
At 31 March 2023 2,766
At 31 March 2022 16,779

5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Sales finance facility 203,994 99,332

The sales finance facility is secured by an all assets debenture held in favour of Lloyds TSB Commercial Finance dated 19 October 2009.

6. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 103 80

Deferred
tax
£   
Balance at 1 April 2022 80
Charge to Income Statement during year 23
Balance at 31 March 2023 103

Tay Recruitment Ltd (Registered number: 06147124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Mr T A Young
Balance outstanding at start of year (330 ) (312 )
Amounts repaid (13 ) (18 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (343 ) (330 )