Registered number
03469059
Centre People Appointments Ltd
Filleted Accounts for the year ended
31 December 2023
Centre People Appointments Ltd
Registered number: 03469059
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 43,826 61,617
Investments 5 89 -
43,915 61,617
Current assets
Debtors 6 460,239 280,507
Cash at bank and in hand 1,304,688 1,154,698
1,764,927 1,435,205
Creditors: amounts falling due within one year 7 (856,886) (738,214)
Net current assets 908,041 696,991
Total assets less current liabilities 951,956 758,608
Provisions for liabilities (9,251) (11,012)
Net assets 942,705 747,596
Capital and reserves
Called up share capital 95,500 95,500
Share premium 2,300 2,300
Capital redemption reserve 8 9,500 9,500
Profit and loss account 835,405 640,296
Shareholders' funds 942,705 747,596
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.
T Tsuchiya
Director
Approved by the board on 28 March 2024
Centre People Appointments Ltd
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 (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 arising from the placement of a permanent candidates services, is recognised at the point in time the candidate commences full-time employment. Where a candidate starts employment but does not work for the specified contractual period, a provision is made in respect of the required refund or credit note due to the client. The revenue recognised from a permanent placement is typically based on a percentage of the candidates remuneration package.

Turnover arising from temporary placement services, is recognised at the point in time that temporary workers are placed.

Where the company is acting as a principal, turnover represents the amount billed for the services of the temporary workers, including the remuneration costs of the temporary workers. The commission included within the revenue recognised arsising from temporary placements is typically based on a percentage of the placement hourly rate.
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:
Leasehold land and buildings over the lease period
Plant and machinery 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits
The cost of short term employee benefits are recognised as a liability and as an expense.

The cost of any unused holiday entitlement is recongised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: George Christou
Firm: CK Partnership Ltd
Date of audit report: 28 March 2024
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 14
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 78,571 153,629 232,200
Additions - 4,817 4,817
At 31 December 2023 78,571 158,446 237,017
Depreciation
At 1 January 2023 64,645 105,938 170,583
Charge for the year 9,831 12,777 22,608
At 31 December 2023 74,476 118,715 193,191
Net book value
At 31 December 2023 4,095 39,731 43,826
At 31 December 2022 13,926 47,691 61,617
5 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 89
At 31 December 2023 89
6 Debtors 2023 2022
£ £
Trade debtors 167,507 150,449
Other debtors 292,732 130,058
460,239 280,507
Amounts due after more than one year included above - 23,138
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 38,660 79,103
Taxation and social security costs 323,518 243,600
Other creditors 494,708 415,511
856,886 738,214
8 Capital redemption reserve 2023 2022
£ £
At 1 January 2023 9,500 9,500
At 31 December 2023 9,500 9,500
9 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 28,922 98,336
10 Parent company
The company's parent company is Quick Co Limited, a public limited company incorporated in Japan and listed on the Tokyo Stock Exchange.

The parent's financial statements are available upon request from 16F, Osaka Fukoku Seimei Building, 2-4, Komatsubaracho, Kita-ku, Osaka 530-0018 Japan.
11 Other information
Centre People Appointments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
80 Cheapside
London
EC2V 6EE
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