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REGISTERED NUMBER: 12527981 (England and Wales)















Central Recruitment Solutions Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






Central Recruitment Solutions Ltd (Registered number: 12527981)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Central Recruitment Solutions Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: R Young





REGISTERED OFFICE: Central House
Riverside
Beaufort
Ebbw Vale
NP23 5NT





REGISTERED NUMBER: 12527981 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Central Recruitment Solutions Ltd (Registered number: 12527981)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,774 4,305

CURRENT ASSETS
Debtors 5 954,198 843,926
Cash at bank 75,883 135,945
1,030,081 979,871
CREDITORS
Amounts falling due within one year 6 1,064,093 982,341
NET CURRENT LIABILITIES (34,012 ) (2,470 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,762 1,835

PROVISIONS FOR LIABILITIES 3,286 849
NET ASSETS 1,476 986

CAPITAL AND RESERVES
Called up share capital 8 955 920
Capital redemption reserve 40 20
Retained earnings 481 46
SHAREHOLDERS' FUNDS 1,476 986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 February 2024 and were signed by:




R Young - Director


Central Recruitment Solutions Ltd (Registered number: 12527981)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Central Recruitment Solutions Ltd 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.

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.

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
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Central Recruitment Solutions Ltd (Registered number: 12527981)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Going concern
The Director believes that despite the company having net current liabilities that there are sufficient resources,both from ongoing trade and from group support, for the company to be treated as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 4,458 1,506 - 5,964
Additions - - 36,078 36,078
At 30 June 2023 4,458 1,506 36,078 42,042
DEPRECIATION
At 1 July 2022 1,232 427 - 1,659
Charge for year 892 301 416 1,609
At 30 June 2023 2,124 728 416 3,268
NET BOOK VALUE
At 30 June 2023 2,334 778 35,662 38,774
At 30 June 2022 3,226 1,079 - 4,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 883,429 745,922
Amounts owed by group undertakings - 263
Other debtors 70,769 97,741
954,198 843,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 118,811 11,208
Amounts owed to group undertakings 4,966 18,525
Taxation and social security 92,578 270,904
Other creditors 847,738 681,704
1,064,093 982,341

Central Recruitment Solutions Ltd (Registered number: 12527981)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Factoring account - 568,464

8. CALLED UP SHARE CAPITAL

During the year 20 Ordinary B shares were redeemed and 55 new shares were issued at par.

9. RELATED PARTY DISCLOSURES

At the year end the company was owed £1,589 (2022: £263) and owed £2,355 (2022: £156) to a related company.