8
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2022-08-01
Sage Accounts Production Advanced 2021 - FRS102_2021
1,700
328
340
668
1,032
1,372
xbrli:pure
xbrli:shares
iso4217:GBP
13507017
2022-08-01
2023-07-31
13507017
2023-07-31
13507017
2022-07-31
13507017
2021-07-12
2022-07-31
13507017
2022-07-31
13507017
core:MotorVehicles
2022-08-01
2023-07-31
13507017
bus:Director1
2022-08-01
2023-07-31
13507017
core:MotorVehicles
2022-07-31
13507017
core:MotorVehicles
2023-07-31
13507017
core:WithinOneYear
2023-07-31
13507017
core:WithinOneYear
2022-07-31
13507017
core:RestatedAmount
core:WithinOneYear
2022-07-31
13507017
core:AfterOneYear
2023-07-31
13507017
core:AfterOneYear
2022-07-31
13507017
core:RestatedAmount
2022-07-31
13507017
core:ShareCapital
2023-07-31
13507017
core:ShareCapital
2022-07-31
13507017
core:RetainedEarningsAccumulatedLosses
2023-07-31
13507017
core:RestatedAmount
core:RetainedEarningsAccumulatedLosses
2022-07-31
13507017
core:MotorVehicles
2022-07-31
13507017
bus:Director1
2022-07-31
13507017
bus:Director1
2023-07-31
13507017
bus:Director1
2022-07-31
13507017
bus:Director1
2021-07-12
2022-07-31
13507017
bus:SmallEntities
2022-08-01
2023-07-31
13507017
bus:AuditExempt-NoAccountantsReport
2022-08-01
2023-07-31
13507017
bus:FullAccounts
2022-08-01
2023-07-31
13507017
bus:SmallCompaniesRegimeForAccounts
2022-08-01
2023-07-31
13507017
bus:PrivateLimitedCompanyLtd
2022-08-01
2023-07-31
13507017
core:OtherResidualIntangibleAssets
2022-08-01
2023-07-31
13507017
core:OtherResidualIntangibleAssets
2023-07-31
13507017
core:OtherResidualIntangibleAssets
2022-07-31
13507017
core:ComputerEquipment
2022-07-31
13507017
core:ComputerEquipment
2022-08-01
2023-07-31
13507017
core:ComputerEquipment
2023-07-31
COMPANY REGISTRATION NUMBER:
13507017
Kingsley Green Recruitment Limited |
|
Filleted Unaudited Financial Statements |
|
Kingsley Green Recruitment Limited |
|
Statement of Financial Position |
|
31 July 2023
|
2023 |
2022 |
|
|
(restated) |
Note |
£ |
£ |
|
|
|
Fixed assets
Intangible assets |
5 |
1,032 |
1,372 |
Tangible assets |
6 |
49,259 |
62,807 |
|
-------- |
-------- |
|
50,291 |
64,179 |
|
|
|
|
Current assets
Debtors |
7 |
496,028 |
261,879 |
Cash at bank and in hand |
276,524 |
304,016 |
|
--------- |
--------- |
|
772,552 |
565,895 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
676,677 |
494,777 |
|
--------- |
--------- |
Net current assets |
95,875 |
71,118 |
|
--------- |
--------- |
Total assets less current liabilities |
146,166 |
135,297 |
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
47,022 |
54,606 |
|
|
|
|
Provisions |
12,315 |
15,702 |
|
--------- |
--------- |
Net assets |
86,829 |
64,989 |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
86,729 |
64,889 |
|
-------- |
-------- |
Shareholders funds |
86,829 |
64,989 |
|
-------- |
-------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Kingsley Green Recruitment Limited |
|
Statement of Financial Position (continued) |
|
31 July 2023
These financial statements were approved by the
board of directors
and authorised for issue on
7 February 2024
, and are signed on behalf of the board by:
Company registration number:
13507017
Kingsley Green Recruitment Limited |
|
Notes to the Financial Statements |
|
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 63-66 Hatton Garden, Fifth Floor Suite 23, London, EC1N 8LE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards. The financial statements are prepared in Sterling, the functional currency of the entity.
Going concern
The directors have considered the basis of preparation of the financial statements and have concluded that it is appropriate to prepare these on the going concern basis based on the profits generated in the period and the net asset position at the balance sheet date. The shareholders have also pledged full financial support for at least twelve months from the approval of these financial statements. The directors are monitoring the current Ukraine crisis, however due to the reduced state of activity of the Company, are not aware of any material impact on these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for recruitment consultancy services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the candidate placement has taken place, adjusted for any rebates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Website design |
- |
20% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
Office equipment
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units
.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial assets Financial assets are recognised when the Company becomes a party to the contractual provisions of the financial instrument. Loans and receivables Trade receivables and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are initially recognized at fair value and are subsequently measured using the effective interest method less provision for any impairment. Financial liabilities and equity instruments Financial liabilities and equity are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Other financial liabilities (including borrowing and trade and other payables) are initially recognized at fair value and subsequently measured at amortised cost using the effective interest method
.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
8
(2022:
4
).
5.
Intangible assets
|
Intangible asset user defined 1 |
|
£ |
Cost |
|
At 1 August 2022 (as restated) and 31 July 2023 |
1,700 |
|
------- |
Amortisation |
|
At 1 August 2022 |
328 |
Charge for the year |
340 |
|
------- |
At 31 July 2023 |
668 |
|
------- |
Carrying amount |
|
At 31 July 2023 |
1,032 |
|
------- |
At 31 July 2022 |
1,372 |
|
------- |
|
|
6.
Tangible assets
|
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 August 2022 (as restated) |
60,255 |
9,807 |
70,062 |
Additions |
– |
4,323 |
4,323 |
|
-------- |
-------- |
-------- |
At 31 July 2023 |
60,255 |
14,130 |
74,385 |
|
-------- |
-------- |
-------- |
Depreciation |
|
|
|
At 1 August 2022 |
6,244 |
1,011 |
7,255 |
Charge for the year |
13,503 |
4,368 |
17,871 |
|
-------- |
-------- |
-------- |
At 31 July 2023 |
19,747 |
5,379 |
25,126 |
|
-------- |
-------- |
-------- |
Carrying amount |
|
|
|
At 31 July 2023 |
40,508 |
8,751 |
49,259 |
|
-------- |
-------- |
-------- |
At 31 July 2022 |
54,011 |
8,796 |
62,807 |
|
-------- |
-------- |
-------- |
|
|
|
|
7.
Debtors
|
2023 |
2022 |
|
|
(restated) |
|
£ |
£ |
Trade debtors |
424,164 |
231,243 |
Other debtors |
71,864 |
30,636 |
|
--------- |
--------- |
|
496,028 |
261,879 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
|
(restated) |
|
£ |
£ |
Trade creditors |
151,356 |
24,326 |
Corporation tax |
144,810 |
71,709 |
Social security and other taxes |
56,856 |
93,670 |
Other creditors |
323,655 |
305,072 |
|
--------- |
--------- |
|
676,677 |
494,777 |
|
--------- |
--------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
|
(restated) |
|
£ |
£ |
Other creditors |
47,022 |
54,606 |
|
-------- |
-------- |
|
|
|
10.
Prior period errors
In the prior year deferred income was overstated by £131,348.75 and consequently the corporation tax charge and liability was understated by £31,992.21. In the prior year the Directors loan account was understated £14,025 and consequently S455 is payable of £4,548.1. A prior year adjustment has been recognised in the financial year 2022 which has the impact of increasing the profit after tax by £113,381.54.
11.
Other financial commitments
The company had no financial or other commitments or contracts for capital expenditure in place as at the reporting date.
12.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
C Hurst |
13,476 |
549 |
14,025 |
|
|
-------- |
---- |
-------- |
|
|
|
|
|
|
2022 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
C Hurst |
– |
13,476 |
13,476 |
|
|
---- |
-------- |
-------- |
|
|
|
|
|
13.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
14.
Controlling party
The entity was under the control of the directors throughout the period.