Company Registration No. 13584008 (England and Wales)
Gearing Recruitment Solutions Ltd
Unaudited accounts
for the period from 1 September 2022 to 31 March 2023
Gearing Recruitment Solutions Ltd
Unaudited accounts
Contents
Gearing Recruitment Solutions Ltd
Company Information
for the period from 1 September 2022 to 31 March 2023
Directors
Sam Bestall
Grant Gunn
Stephen Gearing
Christopher Hayes
Company Number
13584008 (England and Wales)
Registered Office
Office 5, Unit 2 Ashford Road
Hollingbourne
Maidstone, Kent
England
ME17 1XG
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Gearing Recruitment Solutions Ltd
Accountants' report
Accountants' report to the board of directors of Gearing Recruitment Solutions Ltd on the preparation of the unaudited statutory accounts for the period from 1 September 2022 to 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gearing Recruitment Solutions Ltd for the period from
1 September 2022 to
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gearing Recruitment Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gearing Recruitment Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gearing Recruitment Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gearing Recruitment Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gearing Recruitment Solutions Ltd. You consider that Gearing Recruitment Solutions Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Gearing Recruitment Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
30 October 2023
Gearing Recruitment Solutions Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
33,609
30,113
Creditors: amounts falling due within one year
(72,752)
(56,226)
Net current assets
26,639
6,497
Called up share capital
200
200
Profit and loss account
26,702
6,622
Shareholders' funds
26,902
6,822
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by
Sam Bestall
Director
Company Registration No. 13584008
Gearing Recruitment Solutions Ltd
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
Gearing Recruitment Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13584008. The registered office is Office 5, Unit 2 Ashford Road, Hollingbourne, Maidstone, Kent, England, ME17 1XG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
62,397
32,610
Accrued income and prepayments
3,385
-
Gearing Recruitment Solutions Ltd
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,623
14,173
Amounts owed to group undertakings and other participating interests
19,642
21,000
Taxes and social security
18,334
9,843
Loans from directors
-
800
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(800)
14,589
13,789
-
9
Average number of employees
During the period the average number of employees was 2 (2022: 2).