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REGISTERED NUMBER: 11407908 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

FINTELLECT RECRUITMENT LIMITED

FINTELLECT RECRUITMENT LIMITED (REGISTERED NUMBER: 11407908)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINTELLECT RECRUITMENT LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTORS: Ms K J Bowles
Ms S Chow
Mr A Morrison





REGISTERED OFFICE: C/O KJG
100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 11407908 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

FINTELLECT RECRUITMENT LIMITED (REGISTERED NUMBER: 11407908)

BALANCE SHEET
30th June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 123,371 94,389

CURRENT ASSETS
Debtors 5 60,304 69,750
Cash at bank 811,666 639,901
871,970 709,651
CREDITORS
Amounts falling due within one year 6 (174,199 ) (240,944 )
NET CURRENT ASSETS 697,771 468,707
TOTAL ASSETS LESS CURRENT LIABILITIES 821,142 563,096

PROVISIONS FOR LIABILITIES (28,801 ) (21,045 )
NET ASSETS 792,341 542,051

CAPITAL AND RESERVES
Called up share capital 7 990 990
Retained earnings 791,351 541,061
SHAREHOLDERS' FUNDS 792,341 542,051

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FINTELLECT RECRUITMENT LIMITED (REGISTERED NUMBER: 11407908)

BALANCE SHEET - continued
30th June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st November 2023 and were signed on its behalf by:





Ms K J Bowles - Director


FINTELLECT RECRUITMENT LIMITED (REGISTERED NUMBER: 11407908)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

Fintellect Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 11407908. The address of the registered office is KJG, 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is 19 Connaught Close, Wilmslow, Cheshire, SK9 2QS.

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 represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of recruitment fees, which are recognised at the point of which the services are provided.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Improvements to property-20% reducing balance
Motor vehicles-20% reducing balance
Computer equipment-33% straight line basis

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


FINTELLECT RECRUITMENT LIMITED (REGISTERED NUMBER: 11407908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Trade and other debtors/ creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

FINTELLECT RECRUITMENT LIMITED (REGISTERED NUMBER: 11407908)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2022 12,500 85,000 5,314 102,814
Additions - 53,090 915 54,005
At 30th June 2023 12,500 138,090 6,229 156,819
DEPRECIATION
At 1st July 2022 2,292 2,833 3,300 8,425
Charge for year 2,041 21,743 1,239 25,023
At 30th June 2023 4,333 24,576 4,539 33,448
NET BOOK VALUE
At 30th June 2023 8,167 113,514 1,690 123,371
At 30th June 2022 10,208 82,167 2,014 94,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,304 69,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 164,709 219,572
Other creditors 9,490 21,372
174,199 240,944

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
990 Ordinary £1 990 990