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REGISTERED NUMBER: 02683801 (England and Wales)










Financial Statements

for the Year Ended 30 April 2023

for

Resourcebank Recruitment Ltd.

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Resourcebank Recruitment Ltd.

Company Information
for the Year Ended 30 April 2023







Director: Mr R J Pearson





Secretary: Ms S Kaufman





Registered office: RBR House
Hawksworth Road
Central Park
Telford
TF2 9TU





Registered number: 02683801 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Resourcebank Recruitment Ltd.


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Resourcebank Recruitment Ltd. for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Resourcebank Recruitment Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Resourcebank Recruitment Ltd. and state those matters that we have agreed to state to the director of Resourcebank Recruitment Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Resourcebank Recruitment Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Resourcebank Recruitment Ltd.. You consider that Resourcebank Recruitment Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Resourcebank Recruitment Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


25 October 2023

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 167,794 210,694
Investment property 5 227,104 227,104
394,898 437,798

Current assets
Stocks 2,750 2,750
Debtors 6 996,539 1,387,937
Cash at bank 279,786 310,262
1,279,075 1,700,949
Creditors
Amounts falling due within one year 7 922,450 1,372,372
Net current assets 356,625 328,577
Total assets less current liabilities 751,523 766,375

Creditors
Amounts falling due after more than one
year

8

215,423

285,429
Net assets 536,100 480,946

Capital and reserves
Called up share capital 9 3,720 3,720
Share premium 10 29,960 29,960
Revaluation reserve 10 109,000 109,000
Capital redemption reserve 10 280 280
Retained earnings 10 393,140 337,986
Shareholders' funds 536,100 480,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Balance Sheet - continued
30 April 2023


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

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 25 October 2023 and were signed by:





Mr R J Pearson - Director


Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Resourcebank 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.
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 81 (2022 - 73 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 May 2022 550,637 102,415 653,052
Additions 14,277 - 14,277
Disposals (100,052 ) - (100,052 )
At 30 April 2023 464,862 102,415 567,277
Depreciation
At 1 May 2022 441,118 1,240 442,358
Charge for year 40,216 14,812 55,028
Eliminated on disposal (97,903 ) - (97,903 )
At 30 April 2023 383,431 16,052 399,483
Net book value
At 30 April 2023 81,431 86,363 167,794
At 30 April 2022 109,519 101,175 210,694

5. INVESTMENT PROPERTY
Total
£
Fair value
At 1 May 2022
and 30 April 2023 227,104
Net book value
At 30 April 2023 227,104
At 30 April 2022 227,104

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 541,521 966,598
Other debtors 341,958 345,391
Prepayments and accrued income 113,060 75,948
996,539 1,387,937

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 50,400 50,400
Trade creditors 190,453 181,328
Corporation tax 112,269 79,725
Social security and other taxes 61,587 56,865
VAT 209,112 230,283
Other creditors 15,381 23,202
Directors' current accounts 1,463 8,837
Accruals and deferred income 281,785 741,732
922,450 1,372,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Loans - 1-2 years 122,414 171,707
Loans more 2 years 93,009 113,722
215,423 285,429

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loans more 2 years 93,009 113,722

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
3,440 Ordinary A shares 1 3,440 3,440
280 Ordinary B shares 1 280 280
3,720 3,720

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


10. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£ £ £ £ £

At 1 May 2022 337,986 29,960 109,000 280 477,226
Profit for the year 349,382 349,382
Dividends (294,228 ) (294,228 )
At 30 April 2023 393,140 29,960 109,000 280 532,380

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J Pearson.