Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-292022-10-29true2021-10-31falseemployment placement agency42falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11039912 2021-10-31 2022-10-29 11039912 2020-11-01 2021-10-30 11039912 2022-10-29 11039912 2021-10-30 11039912 c:Director1 2021-10-31 2022-10-29 11039912 d:OfficeEquipment 2022-10-29 11039912 d:OfficeEquipment 2021-10-30 11039912 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-10-31 2022-10-29 11039912 d:ComputerEquipment 2021-10-31 2022-10-29 11039912 d:CurrentFinancialInstruments 2022-10-29 11039912 d:CurrentFinancialInstruments 2021-10-30 11039912 d:Non-currentFinancialInstruments 2022-10-29 11039912 d:Non-currentFinancialInstruments 2021-10-30 11039912 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-29 11039912 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-30 11039912 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-29 11039912 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-30 11039912 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-29 11039912 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-10-30 11039912 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-29 11039912 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-30 11039912 d:ShareCapital 2022-10-29 11039912 d:ShareCapital 2021-10-30 11039912 d:RetainedEarningsAccumulatedLosses 2022-10-29 11039912 d:RetainedEarningsAccumulatedLosses 2021-10-30 11039912 c:OrdinaryShareClass1 2021-10-31 2022-10-29 11039912 c:OrdinaryShareClass1 2022-10-29 11039912 c:OrdinaryShareClass1 2021-10-30 11039912 c:FRS102 2021-10-31 2022-10-29 11039912 c:AuditExempt-NoAccountantsReport 2021-10-31 2022-10-29 11039912 c:FullAccounts 2021-10-31 2022-10-29 11039912 c:PrivateLimitedCompanyLtd 2021-10-31 2022-10-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11039912









CURRENT TIME RECRUITMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 29 OCTOBER 2022

 
CURRENT TIME RECRUITMENT LIMITED
REGISTERED NUMBER: 11039912

BALANCE SHEET
AS AT 29 OCTOBER 2022

29 October
30 October
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
138

Current assets
  

Debtors: amounts falling due within one year
 5 
178,175
78,780

Cash at bank and in hand
 6 
108,263
6,874

  
286,438
85,654

Creditors: amounts falling due within one year
 7 
(223,233)
(211,223)

Net current assets/(liabilities)
  
 
 
63,205
 
 
(125,569)

Total assets less current liabilities
  
63,205
(125,431)

Creditors: amounts falling due after more than one year
 8 
(26,764)
(36,765)

  

Net assets/(liabilities)
  
36,441
(162,196)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
36,341
(162,296)

  
36,441
(162,196)


Page 1

 
CURRENT TIME RECRUITMENT LIMITED
REGISTERED NUMBER: 11039912
    
BALANCE SHEET (CONTINUED)
AS AT 29 OCTOBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2023.




U S Dhesi
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CURRENT TIME RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

1.


General information

Current Time Recruitment Limited is a private company limited by shares, and incorporated in England and Wales. The registered office of the company is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. 
The company's principal activity is that of employment placement agencies.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CURRENT TIME RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33.33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CURRENT TIME RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2021 - 2).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 31 October 2021
1,856



At 29 October 2022

1,856



Depreciation


At 31 October 2021
1,718


Charge for the period on owned assets
138



At 29 October 2022

1,856



Net book value



At 29 October 2022
-



At 30 October 2021
138

Page 5

 
CURRENT TIME RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

5.


Debtors

29 October
30 October
2022
2021
£
£


Trade debtors
126,857
-

Other debtors
51,318
78,780

178,175
78,780



6.


Cash and cash equivalents

29 October
30 October
2022
2021
£
£

Cash at bank and in hand
108,263
6,874

108,263
6,874



7.


Creditors: Amounts falling due within one year

29 October
30 October
2022
2021
£
£

Bank loans
10,001
10,001

Corporation tax
7,991
-

Other taxation and social security
65,732
102,203

Other creditors
99,069
63,799

Accruals and deferred income
40,440
35,220

223,233
211,223



8.


Creditors: Amounts falling due after more than one year

29 October
30 October
2022
2021
£
£

Bank loans
26,764
36,765

26,764
36,765


Page 6

 
CURRENT TIME RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 OCTOBER 2022

9.


Loans


Analysis of the maturity of loans is given below:


29 October
30 October
2022
2021
£
£

Amounts falling due within one year

Bank loans
10,001
10,001

Amounts falling due 1-2 years

Bank loans
10,001
10,001

Amounts falling due 2-5 years

Bank loans
16,763
26,764

36,765
46,766



10.


Share capital

29 October
30 October
2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within other creditors is an amount of £23,431 (2021 - £23,799) due to the director of the company.


12.


Controlling party

The controlling party of the company is its director by virtue of 100% shareholdings.

 
Page 7