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REGISTERED NUMBER: 04153466 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PAUL CHARLES RECRUITMENT LIMITED

PAUL CHARLES RECRUITMENT LIMITED (REGISTERED NUMBER: 04153466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL CHARLES RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S L Hilsum





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 04153466 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

PAUL CHARLES RECRUITMENT LIMITED (REGISTERED NUMBER: 04153466)

BALANCE SHEET
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
2,700 Tangible assets 4 2,500

CURRENT ASSETS
35,388 Debtors 5 25,322
903 Cash at bank 10
36,291 25,332
CREDITORS
24,105 Amounts falling due within one year 6 25,139
12,186 NET CURRENT ASSETS 193
14,886 TOTAL ASSETS LESS CURRENT
LIABILITIES

2,693

CREDITORS
(21,072 ) Amounts falling due after more than one
year

7

(20,626

)

(38 ) PROVISIONS FOR LIABILITIES -
(6,224 ) NET LIABILITIES (17,933 )

CAPITAL AND RESERVES
100 Called up share capital 100
246 Revaluation reserve 246
(6,570 ) Retained earnings (18,279 )
(6,224 ) SHAREHOLDERS' FUNDS (17,933 )

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.

PAUL CHARLES RECRUITMENT LIMITED (REGISTERED NUMBER: 04153466)

BALANCE SHEET - continued
31 MARCH 2023


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 8 March 2024 and were signed by:





S L Hilsum - Director


PAUL CHARLES RECRUITMENT LIMITED (REGISTERED NUMBER: 04153466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Paul Charles Recruitment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Tangible fixed assets
Deprecation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 20% on cost

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

PAUL CHARLES RECRUITMENT LIMITED (REGISTERED NUMBER: 04153466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on the going concern basis, the validity of which is dependant upon the continued support of the director. The director has confirmed his support for a period of at least twelve months from the date of signing the financial statements. The going concern basis is therefore considered appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
Totals property equipment
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 6,441 2,500 3,941
DEPRECIATION
At 1 April 2022 3,741 - 3,741
Charge for year 200 - 200
At 31 March 2023 3,941 - 3,941
NET BOOK VALUE
At 31 March 2023 2,500 2,500 -
At 31 March 2022 2,700 2,500 200

Cost or valuation at 31 March 2023 is represented by:

Freehold Computer
Totals property equipment
£    £    £   
Valuation in 2017 1,130 - 1,130
Cost 5,311 2,500 2,811
6,441 2,500 3,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 25,322 35,388

PAUL CHARLES RECRUITMENT LIMITED (REGISTERED NUMBER: 04153466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,986 3,745
Taxation and social security 11,372 12,525
Other creditors 9,781 7,835
25,139 24,105

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 20,626 21,072

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,127 7,331