2022-07-012023-06-302023-06-30false07669038P S RECRUITMENT SPECIALISTS LIMITED2023-11-01iso4217:GBPxbrli:pure076690382022-07-01076690382023-06-30076690382022-07-012023-06-30076690382021-07-01076690382022-06-30076690382021-07-012022-06-3007669038bus:SmallEntities2022-07-012023-06-3007669038bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3007669038bus:FullAccounts2022-07-012023-06-3007669038bus:PrivateLimitedCompanyLtd2022-07-012023-06-3007669038core:WithinOneYear2023-06-3007669038core:AfterOneYear2023-06-3007669038core:WithinOneYear2022-06-3007669038core:AfterOneYear2022-06-3007669038core:ShareCapital2023-06-3007669038core:SharePremium2023-06-3007669038core:RevaluationReserve2023-06-3007669038core:OtherReservesSubtotal2023-06-3007669038core:RetainedEarningsAccumulatedLosses2023-06-3007669038core:ShareCapital2022-06-3007669038core:SharePremium2022-06-3007669038core:RevaluationReserve2022-06-3007669038core:OtherReservesSubtotal2022-06-3007669038core:RetainedEarningsAccumulatedLosses2022-06-3007669038core:LandBuildings2023-06-3007669038core:PlantMachinery2023-06-3007669038core:Vehicles2023-06-3007669038core:FurnitureFittings2023-06-3007669038core:OfficeEquipment2023-06-3007669038core:NetGoodwill2023-06-3007669038core:IntangibleAssetsOtherThanGoodwill2023-06-3007669038core:ListedExchangeTraded2023-06-3007669038core:UnlistedNon-exchangeTraded2023-06-3007669038core:LandBuildings2022-06-3007669038core:PlantMachinery2022-06-3007669038core:Vehicles2022-06-3007669038core:FurnitureFittings2022-06-3007669038core:OfficeEquipment2022-06-3007669038core:NetGoodwill2022-06-3007669038core:IntangibleAssetsOtherThanGoodwill2022-06-3007669038core:ListedExchangeTraded2022-06-3007669038core:UnlistedNon-exchangeTraded2022-06-3007669038core:LandBuildings2022-07-012023-06-3007669038core:PlantMachinery2022-07-012023-06-3007669038core:Vehicles2022-07-012023-06-3007669038core:FurnitureFittings2022-07-012023-06-3007669038core:OfficeEquipment2022-07-012023-06-3007669038core:NetGoodwill2022-07-012023-06-3007669038core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3007669038core:ListedExchangeTraded2022-07-012023-06-3007669038core:UnlistedNon-exchangeTraded2022-07-012023-06-3007669038core:MoreThanFiveYears2022-07-012023-06-3007669038core:Non-currentFinancialInstruments2023-06-3007669038core:Non-currentFinancialInstruments2022-06-3007669038dpl:CostSales2022-07-012023-06-3007669038dpl:DistributionCosts2022-07-012023-06-3007669038core:LandBuildings2022-07-012023-06-3007669038core:PlantMachinery2022-07-012023-06-3007669038core:Vehicles2022-07-012023-06-3007669038core:FurnitureFittings2022-07-012023-06-3007669038core:OfficeEquipment2022-07-012023-06-3007669038dpl:AdministrativeExpenses2022-07-012023-06-3007669038core:NetGoodwill2022-07-012023-06-3007669038core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3007669038dpl:GroupUndertakings2022-07-012023-06-3007669038dpl:ParticipatingInterests2022-07-012023-06-3007669038dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3007669038core:ListedExchangeTraded2022-07-012023-06-3007669038dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3007669038core:UnlistedNon-exchangeTraded2022-07-012023-06-3007669038dpl:CostSales2021-07-012022-06-3007669038dpl:DistributionCosts2021-07-012022-06-3007669038core:LandBuildings2021-07-012022-06-3007669038core:PlantMachinery2021-07-012022-06-3007669038core:Vehicles2021-07-012022-06-3007669038core:FurnitureFittings2021-07-012022-06-3007669038core:OfficeEquipment2021-07-012022-06-3007669038dpl:AdministrativeExpenses2021-07-012022-06-3007669038core:NetGoodwill2021-07-012022-06-3007669038core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3007669038dpl:GroupUndertakings2021-07-012022-06-3007669038dpl:ParticipatingInterests2021-07-012022-06-3007669038dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3007669038core:ListedExchangeTraded2021-07-012022-06-3007669038dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3007669038core:UnlistedNon-exchangeTraded2021-07-012022-06-3007669038core:NetGoodwill2023-06-3007669038core:IntangibleAssetsOtherThanGoodwill2023-06-3007669038core:LandBuildings2023-06-3007669038core:PlantMachinery2023-06-3007669038core:Vehicles2023-06-3007669038core:FurnitureFittings2023-06-3007669038core:OfficeEquipment2023-06-3007669038core:AfterOneYear2023-06-3007669038core:WithinOneYear2023-06-3007669038core:ListedExchangeTraded2023-06-3007669038core:UnlistedNon-exchangeTraded2023-06-3007669038core:ShareCapital2023-06-3007669038core:SharePremium2023-06-3007669038core:RevaluationReserve2023-06-3007669038core:OtherReservesSubtotal2023-06-3007669038core:RetainedEarningsAccumulatedLosses2023-06-3007669038core:NetGoodwill2022-06-3007669038core:IntangibleAssetsOtherThanGoodwill2022-06-3007669038core:LandBuildings2022-06-3007669038core:PlantMachinery2022-06-3007669038core:Vehicles2022-06-3007669038core:FurnitureFittings2022-06-3007669038core:OfficeEquipment2022-06-3007669038core:AfterOneYear2022-06-3007669038core:WithinOneYear2022-06-3007669038core:ListedExch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P S RECRUITMENT SPECIALISTS LIMITED

Registered Number
07669038
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

P S RECRUITMENT SPECIALISTS LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

SHANNON, Zara

Registered Address

Regent House 11th Floor
Heaton Lane
Stockport
SK4 1BS

Registered Number

07669038 (England and Wales)
P S RECRUITMENT SPECIALISTS LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets67,5165,867
7,5165,867
Current assets
Stocks9285,000284,340
Debtors10134,247212,828
Cash at bank and on hand524,407291,696
943,654788,864
Creditors amounts falling due within one year11(292,256)(240,029)
Net current assets (liabilities)651,398548,835
Total assets less current liabilities658,914554,702
Creditors amounts falling due after one year12(18,699)(34,448)
Provisions for liabilities13(1,540)(1,266)
Net assets638,675518,988
Capital and reserves
Called up share capital1010
Profit and loss account638,665518,978
Shareholders' funds638,675518,988
The financial statements were approved and authorised for issue by the Director on 1 November 2023, and are signed on its behalf by:
SHANNON, Zara
Director
Registered Company No. 07669038
P S RECRUITMENT SPECIALISTS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Principal activity of the company during the financial year was of a recruitment agency.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year213166
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 July 2214,96414,964
Additions4,4674,467
At 30 June 2319,43119,431
Depreciation and impairment
At 01 July 229,0979,097
Charge for year2,8182,818
At 30 June 2311,91511,915
Net book value
At 30 June 237,5167,516
At 30 June 225,8675,867
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SHANNON, Zara049,053049,053
049,053049,053
8.Description of event after reporting date
There are no events to report beyond the date of accounts.
9.Stocks
Work in Progress is recognised during the year (net of VAT), based on services performed prior to the end of the year, but not yet invoiced.

2023

2022

££
Work in progress285,000284,340
Total285,000284,340
10.Debtors

2023

2022

££
Trade debtors / trade receivables44,498205,575
Other debtors16,555-
Prepayments and accrued income24,1407,253
Other debtors (Non-current)49,054-
Total134,247212,828
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables152,46582,967
Bank borrowings and overdrafts9,7569,756
Taxation and social security91,771107,134
Accrued liabilities and deferred income38,26440,172
Total292,256240,029
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts18,69928,455
Other creditors-5,993
Total18,69934,448
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,5401,266
Total1,5401,266