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Registration number: 11482625

Scissett Recruitment Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Scissett Recruitment Group Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Scissett Recruitment Group Limited

Company Information





 

Director




 

A J S Brook

Registered office





 

Westleigh Mews
Wakefield Road
Denby Dale
Huddersfield
HD8 8QD

Accountants

D & A Hill
No.18 T8/9 Brooke's Mill
Armitage Bridge
Huddersfield
West Yorkshire
HD4 7NR

 

Scissett Recruitment Group Limited

Director's Report
for the Year Ended 31 January 2023

The director presents his report and the financial statements for the year ended 31 January 2023.

Directors of the company

The directors who held office during the year were as follows:

KL Radley (ceased 20 January 2023)

A J S Brook

Principal activity

The principal activity of the company is that of temporary employment agency services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 November 2023
 

.........................................
A J S Brook
Director

 

Scissett Recruitment Group Limited

(Registration number: 11482625 )
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,031

10,496

Current assets

 

Stocks

5

214,863

-

Debtors

6

64,901

249,385

Cash at bank and in hand

 

148,639

247,194

 

428,403

496,579

Creditors: Amounts falling due within one year

7

(287,586)

(451,802)

Net current assets

 

140,817

44,777

Total assets less current liabilities

 

149,848

55,273

Creditors: Amounts falling due after more than one year

7

(36,667)

(46,264)

Net assets

 

113,181

9,009

Capital and reserves

 

Called up share capital

8

2

2

Profit and loss account

113,179

9,007

Total equity

 

113,181

9,009

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 November 2023
 

 

Scissett Recruitment Group Limited

(Registration number: 11482625 )
Balance Sheet as at 31 January 2023

.........................................
A J S Brook
Director

 

Scissett Recruitment Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westleigh Mews
Wakefield Road
Denby Dale
Huddersfield
HD8 8QD

These financial statements were authorised for issue by the director on 27 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents the net sales of goods, excluding value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Scissett Recruitment Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Scissett Recruitment Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 25 (2022 - 30).

 

Scissett Recruitment Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2022

16,791

16,791

Additions

1,545

1,545

At 31 January 2023

18,336

18,336

Depreciation

At 1 February 2022

6,295

6,295

Charge for the year

3,010

3,010

At 31 January 2023

9,305

9,305

Carrying amount

At 31 January 2023

9,031

9,031

At 31 January 2022

10,496

10,496

5

Stocks

2023
£

2022
£

Work in progress

214,863

-

6

Debtors

Current

2023
£

2022
£

Trade debtors

64,876

249,360

Other debtors

25

25

 

64,901

249,385

 

Scissett Recruitment Group Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

274,715

440,625

Accruals and deferred income

4,585

4,585

Other creditors

8,286

6,592

287,586

451,802

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

36,667

46,264

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

36,667

46,264