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REGISTERED NUMBER: 11900846 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

V Recruitment Solutions Limited

V Recruitment Solutions Limited (Registered number: 11900846)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


V Recruitment Solutions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R Vincent





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QP





REGISTERED NUMBER: 11900846 (England and Wales)

V Recruitment Solutions Limited (Registered number: 11900846)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,462

CURRENT ASSETS
Debtors 5 1,597 784

CREDITORS
Amounts falling due within one year 6 73,861 69,584
NET CURRENT LIABILITIES (72,264 ) (68,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(72,264

)

(67,338

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (72,364 ) (67,438 )
SHAREHOLDERS' FUNDS (72,264 ) (67,338 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





R Vincent - Director


V Recruitment Solutions Limited (Registered number: 11900846)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

V Recruitment Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover comprises the fair value of the consideration receivable for professional services excluding value added tax.

Turnover is recognised by reference to the stage of completion which is calculated on the basis of services provided as a proportion of the total services to be provided.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


V Recruitment Solutions Limited (Registered number: 11900846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GOING CONCERN
The company is dependent upon the support of its holding company who has made loans to meet the company's working capital requirements. The company has continued to incur losses and therefore remains dependent upon this continued support.. The director has considered a period of more than one year from the date of the approval of the financial statements, including the effects of Covid 19, in making their assessment of going concern. The director considers that it is appropriate to prepare the financial statements on the going concern basis and the financial statements do not therefore include any adjustment that would result if this basis of preparation was no longer applicable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 5,115
DEPRECIATION
At 1 April 2022 3,653
Charge for year 1,462
At 31 March 2023 5,115
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 1,462

V Recruitment Solutions Limited (Registered number: 11900846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,597 784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 4,711
Amounts owed to group undertakings 73,861 60,848
Taxation and social security - 531
Other creditors - 3,494
73,861 69,584

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100