Company registration number 07148579 (England and Wales)
DEXTERS RECRUITMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
DEXTERS RECRUITMENT LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
DEXTERS RECRUITMENT LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
488
539
Current assets
Debtors
4
269,108
412,337
Cash at bank and in hand
152,263
111,925
421,371
524,262
Creditors: amounts falling due within one year
5
(265,709)
(281,030)
Net current assets
155,662
243,232
Total assets less current liabilities
156,150
243,771
Creditors: amounts falling due after more than one year
6
(14,093)
(49,000)
Provisions for liabilities
(93)
(102)
Net assets
141,964
194,669
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
141,960
194,665
Total equity
141,964
194,669

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 28 February 2023 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.

DEXTERS RECRUITMENT LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 October 2023 and are signed on its behalf by:
Mrs KL Dexter
Director
Company Registration No. 07148579
DEXTERS RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Dexters Recruitment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Church Plain, Great Yarmouth, Norfolk, England, NR30 1PL.

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 have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are 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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
- 25% reducing balance
Computers
- 33% straight line
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

DEXTERS RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
64
133
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022
2,378
Additions
350
At 28 February 2023
2,728
Depreciation and impairment
At 1 March 2022
1,840
Depreciation charged in the year
400
At 28 February 2023
2,240
Carrying amount
At 28 February 2023
488
At 28 February 2022
539
DEXTERS RECRUITMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
224,950
358,791
Other debtors
44,158
53,546
269,108
412,337
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
137,011
116,505
Trade creditors
3,603
-
0
Corporation tax
-
0
7,592
Other taxation and social security
117,374
148,017
Other creditors
7,721
8,916
265,709
281,030
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,093
49,000
2023-02-282022-03-01false26 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMrs K L DexterMrs J Roper071485792022-03-012023-02-28071485792023-02-28071485792022-02-2807148579core:OtherPropertyPlantEquipment2023-02-2807148579core:OtherPropertyPlantEquipment2022-02-2807148579core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2807148579core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2807148579core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2807148579core:Non-currentFinancialInstrumentscore:AfterOneYear2022-02-2807148579core:CurrentFinancialInstruments2023-02-2807148579core:CurrentFinancialInstruments2022-02-2807148579core:ShareCapital2023-02-2807148579core:ShareCapital2022-02-2807148579core:RetainedEarningsAccumulatedLosses2023-02-2807148579core:RetainedEarningsAccumulatedLosses2022-02-2807148579bus:Director12022-03-012023-02-2807148579core:FurnitureFittings2022-03-012023-02-2807148579core:ComputerEquipment2022-03-012023-02-28071485792021-03-012022-02-2807148579core:OtherPropertyPlantEquipment2022-02-2807148579core:OtherPropertyPlantEquipment2022-03-012023-02-2807148579core:WithinOneYear2023-02-2807148579core:WithinOneYear2022-02-2807148579core:Non-currentFinancialInstruments2023-02-2807148579core:Non-currentFinancialInstruments2022-02-2807148579bus:PrivateLimitedCompanyLtd2022-03-012023-02-2807148579bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2807148579bus:FRS1022022-03-012023-02-2807148579bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2807148579bus:Director22022-03-012023-02-2807148579bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP