Company registration number 06260371 (England and Wales)
CORRECT RECRUITMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 DECEMBER 2022
CORRECT RECRUITMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CORRECT RECRUITMENT LIMITED
BALANCE SHEET
AS AT
25 DECEMBER 2022
25 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
4
85,350
24,727
Cash at bank and in hand
9,610
17,268
94,960
41,995
Creditors: amounts falling due within one year
5
(101,918)
(69,765)
Net current liabilities
(6,958)
(27,770)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(7,958)
(28,770)
Total equity
(6,958)
(27,770)
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 25 December 2022 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.
The financial statements were approved and signed by the director and authorised for issue on 26 March 2024
Mr N I Mason
Director
Company registration number 06260371 (England and Wales)
CORRECT RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 DECEMBER 2022
- 2 -
1
Accounting policies
Company information
Correct Recruitment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 41 Royal Mail House, Terminus Terrace, Southampton, Hampshire, England, SO14 3FD.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The director has assessed the company's ability to continue as a going concern and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In doing this he has considered expectations of future trading and the availability of continued funding in the form of loans from related parties. On the basis of this information the director is satisfied that there are no material uncertainties as to the ability of the company to continue as a going concern and so the accounts have been prepared on this basistrue
1.3
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.
1.4
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:
Computers
20% on cost
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
10
17
CORRECT RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 DECEMBER 2022
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 26 December 2021 and 25 December 2022
3,733
Depreciation and impairment
At 26 December 2021 and 25 December 2022
3,733
Carrying amount
At 25 December 2022
At 25 December 2021
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
76,259
20,891
Other debtors
9,091
3,836
85,350
24,727
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
58
Trade creditors
101
5,424
Taxation and social security
85,138
54,014
Other creditors
16,621
10,327
101,918
69,765