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REGISTERED NUMBER: 12844872 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Maitland Selwyn Recruitment Limited

Maitland Selwyn Recruitment Limited (Registered number: 12844872)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Maitland Selwyn Recruitment Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: N R McVeigh-Crabbe
A J Robin





REGISTERED OFFICE: 12A The Croft
Buntsford Drive
Bromsgrove
Worcestershire
B60 4JE





REGISTERED NUMBER: 12844872 (England and Wales)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Maitland Selwyn Recruitment Limited (Registered number: 12844872)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 3
Tangible assets 5 32,910 46,108
32,912 46,111

CURRENT ASSETS
Debtors 6 352,680 211,947
Cash at bank and in hand 12,952 41,760
365,632 253,707
CREDITORS
Amounts falling due within one year 7 384,165 231,134
NET CURRENT (LIABILITIES)/ASSETS (18,533 ) 22,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,379

68,684

CREDITORS
Amounts falling due after more than one
year

8

(59,151

)

(105,240

)

PROVISIONS FOR LIABILITIES (8,228 ) (8,761 )
NET LIABILITIES (53,000 ) (45,317 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (53,001 ) (45,318 )
(53,000 ) (45,317 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:




A J Robin - Director


Maitland Selwyn Recruitment Limited (Registered number: 12844872)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Maitland Selwyn 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.

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.

Going Concern
The Company is operating by utilising external sources of finance. The directors have confirmed that this support will continue and accordingly, they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipments - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable are initially measured at present value of future cash flows and subsequently amortised at cost using the effective interest method.

Creditors payable within one year, typically trade payables, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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.


Maitland Selwyn Recruitment Limited (Registered number: 12844872)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2022 - 92 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 5
AMORTISATION
At 1 March 2022 2
Amortisation for year 1
At 28 February 2023 3
NET BOOK VALUE
At 28 February 2023 2
At 28 February 2022 3

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipments Totals
£    £    £   
COST
At 1 March 2022 64,995 1,067 66,062
Additions - 190 190
At 28 February 2023 64,995 1,257 66,252
DEPRECIATION
At 1 March 2022 19,588 366 19,954
Charge for year 12,999 389 13,388
At 28 February 2023 32,587 755 33,342
NET BOOK VALUE
At 28 February 2023 32,408 502 32,910
At 28 February 2022 45,407 701 46,108

Maitland Selwyn Recruitment Limited (Registered number: 12844872)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 326,092 171,759
Amounts owed by group undertakings 1 1
Prepayments and accrued income 26,587 40,187
352,680 211,947

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 5,946 47,084
Social security and other taxes 87,918 54,427
VAT 165,414 93,194
Other creditors 111,226 26,354
Accrued expenses 13,661 10,075
384,165 231,134

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 59,151 105,240

9. RELATED PARTY DISCLOSURES

From time to time the company enters into transactions with other Companies under common control or in which significant influence is held by the directors. These transactions have been made under normal market conditions, specific details are not provided. The total amount due by the company at the period end was £1,000 (2022: £105,240) which is included within Other Creditors.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Star Group Holdings Limited.