2022-01-012022-12-312022-12-31false11689195Recruit Payroll Limited2023-11-0362012iso4217:GBPxbrli:pure116891952022-01-01116891952022-12-31116891952022-01-012022-12-31116891952021-01-01116891952021-12-31116891952021-01-012021-12-3111689195bus:SmallEntities2022-01-012022-12-3111689195bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3111689195bus:FullAccounts2022-01-012022-12-3111689195bus:PrivateLimitedCompanyLtd2022-01-012022-12-3111689195core:WithinOneYear2022-12-3111689195core:AfterOneYear2022-12-3111689195core:WithinOneYear2021-12-3111689195core:AfterOneYear2021-12-3111689195core:ShareCapital2022-12-3111689195core:SharePremium2022-12-3111689195core:RevaluationReserve2022-12-3111689195core:OtherReservesSubtotal2022-12-3111689195core:RetainedEarningsAccumulatedLosses2022-12-3111689195core:ShareCapital2021-12-3111689195core:SharePremium2021-12-3111689195core:RevaluationReserve2021-12-3111689195core:OtherReservesSubtotal2021-12-3111689195core:RetainedEarningsAccumulatedLosses2021-12-3111689195core:LandBuildings2022-12-3111689195core:PlantMachinery2022-12-3111689195core:Vehicles2022-12-3111689195core:FurnitureFittings2022-12-3111689195core:OfficeEquipment2022-12-3111689195core:NetGoodwill2022-12-3111689195core:IntangibleAssetsOtherThanGoodwill2022-12-3111689195core:ListedExchangeTraded2022-12-3111689195core:UnlistedNon-exchangeTraded2022-12-3111689195core:LandBuildings2021-12-3111689195core:PlantMachinery2021-12-3111689195core:Vehicles2021-12-3111689195core:FurnitureFittings2021-12-3111689195core:OfficeEquipment2021-12-3111689195core:NetGoodwill2021-12-3111689195core:IntangibleAssetsOtherThanGoodwill2021-12-3111689195core:ListedExchangeTraded2021-12-3111689195core:UnlistedNon-exchangeTraded2021-12-3111689195core:LandBuildings2022-01-012022-12-3111689195core:PlantMachinery2022-01-012022-12-3111689195core:Vehicles2022-01-012022-12-3111689195core:FurnitureFittings2022-01-012022-12-3111689195core:OfficeEquipment2022-01-012022-12-3111689195core:NetGoodwill2022-01-012022-12-3111689195core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111689195core:ListedExchangeTraded2022-01-012022-12-3111689195core:UnlistedNon-exchangeTraded2022-01-012022-12-3111689195core:MoreThanFiveYears2022-01-012022-12-3111689195core:Non-currentFinancialInstruments2022-12-3111689195core:Non-currentFinancialInstruments2021-12-3111689195dpl:CostSales2022-01-012022-12-3111689195dpl:DistributionCosts2022-01-012022-12-3111689195core:LandBuildings2022-01-012022-12-3111689195core:PlantMachinery2022-01-012022-12-3111689195core:Vehicles2022-01-012022-12-3111689195core:FurnitureFittings2022-01-012022-12-3111689195core:OfficeEquipment2022-01-012022-12-3111689195dpl:AdministrativeExpenses2022-01-012022-12-3111689195core:NetGoodwill2022-01-012022-12-3111689195core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111689195dpl:GroupUndertakings2022-01-012022-12-3111689195dpl:ParticipatingInterests2022-01-012022-12-3111689195dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111689195core:ListedExchangeTraded2022-01-012022-12-3111689195dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111689195core:UnlistedNon-exchangeTraded2022-01-012022-12-3111689195dpl:CostSales2021-01-012021-12-3111689195dpl:DistributionCosts2021-01-012021-12-3111689195core:LandBuildings2021-01-012021-12-3111689195core:PlantMachinery2021-01-012021-12-3111689195core:Vehicles2021-01-012021-12-3111689195core:FurnitureFittings2021-01-012021-12-3111689195core:OfficeEquipment2021-01-012021-12-3111689195dpl:AdministrativeExpenses2021-01-012021-12-3111689195core:NetGoodwill2021-01-012021-12-3111689195core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3111689195dpl:GroupUndertakings2021-01-012021-12-3111689195dpl:ParticipatingInterests2021-01-012021-12-3111689195dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3111689195core:ListedExchangeTraded2021-01-012021-12-3111689195dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3111689195core:UnlistedNon-exchangeTraded2021-01-012021-12-3111689195core:NetGoodwill2022-12-3111689195core:IntangibleAssetsOtherThanGoodwill2022-12-3111689195core:LandBuildings2022-12-3111689195core:PlantMachinery2022-12-3111689195core:Vehicles2022-12-3111689195core:FurnitureFittings2022-12-3111689195core:OfficeEquipment2022-12-3111689195core:AfterOneYear2022-12-3111689195core:WithinOneYear2022-12-3111689195core:ListedExchangeTraded2022-12-3111689195core:UnlistedNon-exchangeTraded2022-12-3111689195core:ShareCapital2022-12-3111689195core:SharePremium2022-12-3111689195core:RevaluationReserve2022-12-3111689195core:OtherReservesSubtotal2022-12-3111689195core:RetainedEarningsAccumulatedLosses2022-12-3111689195core:NetGoodwill2021-12-3111689195core:IntangibleAssetsOtherThanGoodwill2021-12-3111689195core:LandBuildings2021-12-3111689195core:PlantMachinery2021-12-3111689195core:Vehicles2021-12-3111689195core:FurnitureFittings2021-12-3111689195core:OfficeEquipment2021-12-3111689195core:AfterOneYear2021-12-3111689195core:WithinOneYear2021-12-3111689195core:ListedExchangeTraded2021-12-3111689195core:UnlistedNon-exchangeTraded2021-12-3111689195core:ShareCapital2021-12-3111689195core:SharePremium2021-12-3111689195core:RevaluationReserve2021-12-3111689195core:OtherReservesSubtotal2021-12-3111689195core:RetainedEarningsAccumulatedLosses2021-12-3111689195core:NetGoodwill2021-01-0111689195core:IntangibleAssetsOtherThanGoodwill2021-01-0111689195core:LandBuildings2021-01-0111689195core:PlantMachinery2021-01-0111689195core:Vehicles2021-01-0111689195core:FurnitureFittings2021-01-0111689195core:OfficeEquipment2021-01-0111689195core:AfterOneYear2021-01-0111689195core:WithinOneYear2021-01-0111689195core:ListedExchangeTraded2021-01-0111689195core:UnlistedNon-exchangeTraded2021-01-0111689195core:ShareCapital2021-01-0111689195core:SharePremium2021-01-0111689195core:RevaluationReserve2021-01-0111689195core:OtherReservesSubtotal2021-01-0111689195core:RetainedEarningsAccumulatedLosses2021-01-0111689195core:AfterOneYear2022-01-012022-12-3111689195core:WithinOneYear2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:CostValuation2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-012022-12-3111689195core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3111689195core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3111689195core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3111689195core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3111689195core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3111689195bus:Director12022-01-012022-12-3111689195core:FurnitureFittingsToolsEquipment2021-12-3111689195core:FurnitureFittingsToolsEquipment2022-12-3111689195core:FurnitureFittingsToolsEquipment2022-01-012022-12-31

Recruit Payroll Limited

Registered Number
11689195
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

Recruit Payroll Limited
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

Gentry, Mark

Registered Address

Office 16 & 17 Riverside Mountbatten Way
Congleton
CW12 1DY

Registered Number

11689195 (England and Wales)
Recruit Payroll Limited
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Intangible assets5176,14927,412
Tangible assets627,75138,393
203,90065,805
Current assets
Debtors736,5816,213
36,5816,213
Creditors amounts falling due within one year8(243,117)(167,383)
Net current assets (liabilities)(206,536)(161,170)
Total assets less current liabilities(2,636)(95,365)
Creditors amounts falling due after one year9(95,032)(144,234)
Provisions for liabilities11(6,937)(8,924)
Net assets(104,605)(248,523)
Capital and reserves
Called up share capital100100
Profit and loss account(104,705)(248,623)
Shareholders' funds(104,605)(248,523)
The financial statements were approved and authorised for issue by the Director on 3 November 2023, and are signed on its behalf by:
Gentry, Mark
Director
Registered Company No. 11689195
Recruit Payroll Limited
Notes to the Financial Statements
for the year ended 31 December 2022

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.Accounting policies
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:

Straight line (years)
Fixtures and fittings5
Vehicles5
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill is being amortised evenly over its estimated useful life of five years. Computer software is being amortised evenly over its estimated useful life of ten years.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
In common with virtually every other business in the country, the company has been experiencing the effects of the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the company cannot be assessed with complete certainty at the current time, the directors believe they have taken all possible steps to protect the company including accessing relevant Government assistance. At the time of signing these accounts the directors are of the opinion that the company will remain viable for the foreseeable future and therefore these financial statements have been prepared on a Going Concern basis.
4.Employee information

20222021
Average number of employees during the year76
5.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 January 2240,0006,27846,278
Additions-174,850174,850
At 31 December 2240,000181,128221,128
Amortisation and impairment
At 01 January 2216,6672,19918,866
Charge for year8,00018,11326,113
At 31 December 2224,66720,31244,979
Net book value
At 31 December 2215,333160,816176,149
At 31 December 2123,3334,07927,412
6.Property, plant and equipment

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 2251,2791,93353,212
At 31 December 2251,2791,93353,212
Depreciation and impairment
At 01 January 2214,53028914,819
Charge for year10,25538710,642
At 31 December 2224,78567625,461
Net book value
At 31 December 2226,4941,25727,751
At 31 December 2136,7491,64438,393
7.Debtors

2022

2021

££
Trade debtors / trade receivables30,6531,627
Other debtors4,6381,639
Prepayments and accrued income1,2902,947
Total36,5816,213
8.Creditors within one year

2022

2021

££
Trade creditors / trade payables66,57315,688
Bank borrowings and overdrafts20,000-
Taxation and social security44,91911,071
Finance lease and HP contracts7,382-
Other creditors97,446138,283
Accrued liabilities and deferred income6,7972,341
Total243,117167,383
The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance lease is secured on the assets covered.
9.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts63,333100,000
Other creditors31,69944,234
Total95,032144,234
The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance lease is secured on the assets covered.
10.Finance lease and HP contracts after one year

2022

2021

££
Finance lease and HP contracts31,69944,234
11.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)6,9378,924
Total6,9378,924