Aaron Wallis Recruitment & Training Limited
Registered number: 06356563
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 355,939 8,268
Current assets
Debtors 4 30,743 32,879
Cash at bank and in hand 140,366 282,472
171,109 315,351
Creditors: amounts falling due within one year 5 (151,709) (109,876)
Net current assets 19,400 205,475
Total assets less current liabilities 375,339 213,743
Creditors: amounts falling due after more than one year 6 (163,341) (66,667)
Net assets 211,998 147,076
Capital and reserves
Called up share capital 100 100
Profit and loss account 211,898 146,976
Shareholders' funds 211,998 147,076
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.
R Scott
Director
Approved by the board on 29 February 2024
Aaron Wallis Recruitment & Training Limited
Notes to the Accounts
for the year ended 31 December 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.
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 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 - 26,554 26,554
Additions 349,228 680 349,908
At 31 December 2023 349,228 27,234 376,462
Depreciation
At 1 January 2023 - 18,286 18,286
Charge for the year - 2,237 2,237
At 31 December 2023 - 20,523 20,523
Net book value
At 31 December 2023 349,228 6,711 355,939
At 31 December 2022 - 8,268 8,268
4 Debtors 2023 2022
£ £
Trade debtors 22,671 32,879
Other debtors 8,072 -
30,743 32,879
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 30,959 31,783
Corporation tax 75,232 36,318
Other taxes and social security costs 13,183 14,283
Other creditors 32,335 27,492
151,709 109,876
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 163,341 66,667
7 Other information
Aaron Wallis Recruitment & Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Holmes Accountancy Ltd
Unit 15.2 - Linford Forum
18 Rockingham Drive
Linford Wood
MK14 6LY
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