Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3132022-04-01falseTemporary employment agency activities3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04358261 2022-04-01 2023-03-31 04358261 2021-04-01 2022-03-31 04358261 2023-03-31 04358261 2022-03-31 04358261 c:Director1 2022-04-01 2023-03-31 04358261 d:FurnitureFittings 2022-04-01 2023-03-31 04358261 d:FurnitureFittings 2023-03-31 04358261 d:FurnitureFittings 2022-03-31 04358261 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04358261 d:Goodwill 2023-03-31 04358261 d:Goodwill 2022-03-31 04358261 d:CurrentFinancialInstruments 2023-03-31 04358261 d:CurrentFinancialInstruments 2022-03-31 04358261 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04358261 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04358261 d:ShareCapital 2023-03-31 04358261 d:ShareCapital 2022-03-31 04358261 d:OtherMiscellaneousReserve 2023-03-31 04358261 d:OtherMiscellaneousReserve 2022-03-31 04358261 d:RetainedEarningsAccumulatedLosses 2023-03-31 04358261 d:RetainedEarningsAccumulatedLosses 2022-03-31 04358261 c:FRS102 2022-04-01 2023-03-31 04358261 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04358261 c:FullAccounts 2022-04-01 2023-03-31 04358261 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04358261









RED STAR RECRUITMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
RED STAR RECRUITMENT LIMITED
REGISTERED NUMBER: 04358261

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
858
1,145

  
858
1,145

Current assets
  

Debtors: amounts falling due within one year
 6 
26,250
10,890

Cash at bank and in hand
 7 
230,326
219,702

  
256,576
230,592

Creditors: amounts falling due within one year
 8 
(104,312)
(94,514)

Net current assets
  
 
 
152,264
 
 
136,078

Total assets less current liabilities
  
153,122
137,223

Provisions for liabilities
  

Deferred tax
  
(215)
(185)

  
 
 
(215)
 
 
(185)

Net assets
  
152,907
137,038


Capital and reserves
  

Called up share capital 
  
86
86

Other reserves
  
56
56

Profit and loss account
  
152,765
136,896

  
152,907
137,038


Page 1

 
RED STAR RECRUITMENT LIMITED
REGISTERED NUMBER: 04358261
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 year 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 profit and loss account 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 by: 




G Peck
Director

Date: 8 November 2023

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

Page 2

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Red Star Recruitment Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the contents page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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 Profit and Loss Account in the same period as the related expenditure.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
50,000



At 31 March 2023

50,000



Amortisation


At 1 April 2022
50,000



At 31 March 2023

50,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 5

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2022
7,028



At 31 March 2023

7,028



Depreciation


At 1 April 2022
5,883


Charge for the year on owned assets
287



At 31 March 2023

6,170



Net book value



At 31 March 2023
858



At 31 March 2022
1,145


6.


Debtors

2023
2022
£
£


Trade debtors
26,250
10,890

26,250
10,890



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
230,326
219,702

230,326
219,702


Page 6

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,379
5

Corporation tax
20,968
11,919

Other taxation and social security
8,903
7,056

Other creditors
71,193
73,594

Accruals and deferred income
1,869
1,940

104,312
94,514


 
Page 7