9 30/04/2023 2023-04-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-05-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10715727 2022-05-01 2023-04-30 10715727 2023-04-30 10715727 2022-04-30 10715727 2021-05-01 2022-04-30 10715727 2022-04-30 10715727 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 10715727 core:MotorVehicles 2022-05-01 2023-04-30 10715727 bus:Director1 2022-05-01 2023-04-30 10715727 core:FurnitureFittingsToolsEquipment 2022-04-30 10715727 core:FurnitureFittingsToolsEquipment 2023-04-30 10715727 core:MotorVehicles 2023-04-30 10715727 core:DeferredTaxation 2022-05-01 2023-04-30 10715727 core:WithinOneYear 2023-04-30 10715727 core:WithinOneYear 2022-04-30 10715727 core:AfterOneYear 2023-04-30 10715727 core:AfterOneYear 2022-04-30 10715727 core:ShareCapital 2023-04-30 10715727 core:ShareCapital 2022-04-30 10715727 core:RetainedEarningsAccumulatedLosses 2023-04-30 10715727 core:RetainedEarningsAccumulatedLosses 2022-04-30 10715727 core:FurnitureFittingsToolsEquipment 2022-04-30 10715727 core:DeferredTaxation 2022-04-30 10715727 core:DeferredTaxation 2023-04-30 10715727 bus:SmallEntities 2022-05-01 2023-04-30 10715727 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10715727 bus:FullAccounts 2022-05-01 2023-04-30 10715727 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 10715727 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10715727 core:AllAssociates 2022-05-01 2023-04-30 10715727 1 2022-05-01 2023-04-30
Company registration number: 10715727
Parker Recruitment Limited
Unaudited filleted financial statements
30 April 2023
Parker Recruitment Limited
Contents
Statement of financial position
Notes to the financial statements
Parker Recruitment Limited
Statement of financial position
30 April 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 6 28,448 8,405
_______ _______
28,448 8,405
Current assets
Debtors 7 29,215 70,966
Cash at bank and in hand 12,378 30,067
_______ _______
41,593 101,033
Creditors: amounts falling due
within one year 8 ( 22,984) ( 42,741)
_______ _______
Net current assets 18,609 58,292
_______ _______
Total assets less current liabilities 47,057 66,697
Creditors: amounts falling due
after more than one year 9 ( 22,132) ( 31,953)
Provisions for liabilities 10 ( 5,405) ( 1,597)
_______ _______
Net assets 19,520 33,147
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,519 33,146
_______ _______
Shareholders funds 19,520 33,147
_______ _______
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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 09 October 2023 , and are signed on behalf of the board by:
Ms Josephine Parker
Director
Company registration number: 10715727
Parker 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 3 Heath Cottage, Coneygreave Lane, Newcastle under Lyme, Staffordshire, ST5 5HX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and 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 the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 9 ).
5. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2023 2022
£ £
Depreciation of tangible assets 8,815 2,102
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2022 15,595 - 15,595
Additions 1,607 27,250 28,857
_______ _______ _______
At 30 April 2023 17,202 27,250 44,452
_______ _______ _______
Depreciation
At 1 May 2022 7,188 - 7,188
Charge for the year 2,003 6,813 8,816
_______ _______ _______
At 30 April 2023 9,191 6,813 16,004
_______ _______ _______
Carrying amount
At 30 April 2023 8,011 20,437 28,448
_______ _______ _______
At 30 April 2022 8,407 - 8,407
_______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 29,215 70,966
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,215 10,091
Trade creditors 3 103
Corporation tax - 7,819
Social security and other taxes 6,639 20,099
Director loan accounts 5,027 3,729
Accruals and deferred income 1,100 900
_______ _______
22,984 42,741
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 22,132 31,953
_______ _______
10. Provisions
Deferred tax (note 11) Total
£ £
At 1 May 2022 1,597 1,597
Additions 3,808 3,808
_______ _______
At 30 April 2023 5,405 5,405
_______ _______
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023 2022
£ £
Included in provisions (note 10) 5,405 1,597
_______ _______
12. Related party transactions
Josephine Parker is a related party by virtue of her directorship of and shareholding in the company.The following transactions took place during the year between Josephine Parker and the company:Amounts due to the related party as at 1 May 2022 : £3,729Payments to related party : (£40,793)Amounts received from related party : £42,091Amounts due to the related party as at 30 April 2023 : £5,027During the year Jospehine Parker received equity dividends on ordinary shares in the sum of £25,000 (2022: £20,000)
13. Controlling party
Ms Josephine Parker is the ultimate controlling party by virtue of her shareholding in the company.