Registered number
08342005
L & G Recruitment Limited
Filleted Accounts
31 March 2023
L & G Recruitment Limited
Registered number: 08342005
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 97,629 13,220
Debtors 4 382,734 365,399
Cash at bank and in hand 32,136 130,185
512,499 508,804
Creditors: amounts falling due within one year 5 (32,941) (101,433)
Net current assets 479,558 407,371
Total assets less current liabilities 479,558 407,371
Creditors: amounts falling due after more than one year 6 (96,675) (125,625)
Net assets 382,883 281,746
Capital and reserves
Called up share capital 100 100
Profit and loss account 382,783 281,646
Shareholders' funds 382,883 281,746
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Srinivasa Rao Anne
Director
Approved by the board on 17 December 2023
L & G Recruitment Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33.3% Staright line
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 840
At 31 March 2023 840
Depreciation
At 1 April 2022 840
At 31 March 2023 840
Net book value
At 31 March 2023 -
4 Debtors 2023 2022
£ £
Other debtors -Related Party 222,700 202,700
Other debtors 160,034 162,699
382,734 365,399
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director loan 1,000 325
Corporation tax 23,724 30,060
Other taxes and social security costs 1,875 4,460
Other creditors 6,342 66,588
32,941 101,433
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 96,675 125,625
7 Other information
L & G Recruitment Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vyse Terrace
Branston Court
Branston Street
Birmingham
B18 6BA
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