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REGISTERED NUMBER: 09573097 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

LB RECRUITMENT LIMITED

LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LB RECRUITMENT LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: N L Bjurenvall





REGISTERED OFFICE: 1st Floor
Spitalfields House
Stirling Way
Borehamwood
WD6 2FX





REGISTERED NUMBER: 09573097 (England and Wales)





ACCOUNTANTS: Primera Accountants Limited
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,949 867

CURRENT ASSETS
Debtors 5 67,468 59,610
Cash at bank 11,983 -
79,451 59,610
CREDITORS
Amounts falling due within one year 6 (23,399 ) (11,825 )
NET CURRENT ASSETS 56,052 47,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,001

48,652

CREDITORS
Amounts falling due after more than one
year

7

(15,266

)

(25,729

)
NET ASSETS 42,735 22,923

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 42,635 22,823
SHAREHOLDERS' FUNDS 42,735 22,923

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 her 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.

LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)

Balance Sheet - continued
30 June 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 22 February 2024 and were signed by:





N L Bjurenvall - Director


LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)

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

1. STATUTORY INFORMATION

LB 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.


LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 1,223 4,322 5,545
Additions 2,069 - 2,069
At 30 June 2023 3,292 4,322 7,614
DEPRECIATION
At 1 July 2022 1,006 3,672 4,678
Charge for year 337 650 987
At 30 June 2023 1,343 4,322 5,665
NET BOOK VALUE
At 30 June 2023 1,949 - 1,949
At 30 June 2022 217 650 867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 13,017 16,800
Other debtors 54,451 42,810
67,468 59,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 189
Taxation and social security 16,552 9,369
Other creditors 6,847 2,267
23,399 11,825

LB RECRUITMENT LIMITED (REGISTERED NUMBER: 09573097)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 15,266 25,729

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
90 Ordinary share A £1 90 90
10 Ordinary Share B £1 10 10
100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £54,451 owed by the director.Interest has been charged at the official HM Revenue & Customs rate.

This amount was repaid after the balance sheet date.