Company registration number 14091761 (England and Wales)
AFFINITY EDGE RECRUITMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
AFFINITY EDGE RECRUITMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AFFINITY EDGE RECRUITMENT LIMITED
BALANCE SHEET
- 1 -
2023
Notes
£
£
Current assets
Debtors
3
100
Cash at bank and in hand
1,254
1,354
Creditors: amounts falling due within one year
4
(6,397)
Net current liabilities
(5,043)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(5,143)
Total equity
(5,043)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 February 2024 and are signed on its behalf by:
J Rawsthorne
M Sullivan
Director
Director
Company registration number 14091761 (England and Wales)
AFFINITY EDGE RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information
Affinity Edge Recruitment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Studio 18, Hilton Street, Manchester, M1 1FR.
1.1
Reporting period
The financial statements for the current period has been prepared for the 12 months and 25 days to 31 May 2023 as this is the first reporting period. As a result the comparative in the following financial year will not be entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The parent company has agreed to provide continued financial assistance to the company and on this basis the financial statements have been prepared on the going concern basis.true
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
3
AFFINITY EDGE RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2023
- 3 -
3
Debtors
2023
Amounts falling due within one year:
£
Amounts owed by group undertakings
100
4
Creditors: amounts falling due within one year
2023
£
Taxation and social security
669
Other creditors
5,728
6,397