Company registration number 12347796 (England and Wales)
STONE RECRUITMENT GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
STONE RECRUITMENT GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
STONE RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 12347796)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,677
11,118
Current assets
Debtors
4
59,185
7,272
Cash at bank and in hand
140,118
138,307
199,303
145,579
Creditors: amounts falling due within one year
5
(143,015)
(57,098)
Net current assets
56,288
88,481
Total assets less current liabilities
86,965
99,599
Creditors: amounts falling due after more than one year
6
(32,267)
(38,224)
Net assets
54,698
61,375
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
54,598
61,275
Total equity
54,698
61,375

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his 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 year 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.

STONE RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 12347796)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 March 2024
Mr A J Stoneham
Director
STONE RECRUITMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Stone Recruitment Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, Kent, TN1 2EP.

1.1
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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sale of recruitment services provided in the normal course of business and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

STONE RECRUITMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
4
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
9,541
4,766
-
0
14,307
Additions
14,447
492
13,600
28,539
At 31 December 2023
23,988
5,258
13,600
42,846
Depreciation and impairment
At 1 January 2023
640
2,549
-
0
3,189
Depreciation charged in the year
4,234
1,346
3,400
8,980
At 31 December 2023
4,874
3,895
3,400
12,169
Carrying amount
At 31 December 2023
19,114
1,363
10,200
30,677
At 31 December 2022
8,901
2,217
-
0
11,118
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
11,340
4,860
Other debtors
47,845
2,412
59,185
7,272
STONE RECRUITMENT GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,957
5,957
Trade creditors
1,316
5,602
Taxation and social security
53,067
45,480
Other creditors
82,675
59
143,015
57,098
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
32,267
38,224
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
8,440
14,396
7
Financial commitments, guarantees and contingent liabilities

During the year ended 31 December 2020, the company borrowed £50,000 from its bankers for a Bounce Back Loan. As part of this loan scheme the UK government has guaranteed the advance and will pay the interest and fees due for the first 12 months. As at the balance sheet date, the amount outstanding on this loan is £38,224 (2022- £44,180).

8
Director's transactions

Included within other debtors is a loan to the director of the company for £45,670 (2022- £nil). The loan is repayable on demand.

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