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FRC Recruitment Ltd
Registered Number:07405190
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
FRC Recruitment Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07405190
As at 31 August 2023
FRC Recruitment Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
151,976
154,463
2
151,976
154,463
Current assets
Trade and other receivables
444,908
778,421
3
554,194
Cash and cash equivalents
734,031
1,512,452
999,102
Trade and other payables: amounts falling due within one
year
(765,668)
(1,172,911)
4
233,434
339,541
Net current assets
Total assets less current liabilities
491,517
387,897
491,517
Net assets
387,897
Capital and reserves
Called up share capital
25
5
Fair value reserve
36,000
36,000
Retained earnings
455,492
351,892
491,517
387,897
Shareholders' funds
For the year ended 31 August 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kieran McCaul Director
These financial statements were approved and authorised for issue by the Board on 03 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
FRC Recruitment Ltd
Notes to the Financial Statements
Statutory Information
FRC Recruitment Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07405190.
Registered address:
17 Ensign House
Admirals Way
Canary Wharf
London
E14 9XQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
15 Reducing balance
Computer Equipment
15 Reducing balance
Motor Vehicles
15 Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2 of 4
5
For the year ended 31 August 2023
FRC Recruitment Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 September 2022
220,413
32,955
76,888
30,570
80,000
10,215
2,060
8,155
-
-
Additions
At 31 August 2023
30,570
85,043
35,015
230,628
80,000
Provision for depreciation and impairment
At 01 September 2022
65,950
15,471
40,224
10,255
-
Charge for year
12,702
2,932
6,723
3,047
-
At 31 August 2023
78,652
18,403
46,947
13,302
-
At 31 August 2023
Net book value
80,000
17,268
38,096
16,612
151,976
At 31 August 2022
80,000
20,315
36,664
17,484
154,463
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
44,000
At 01 September 2022
44,000
Net historical cost value:
At 31 August 2022
At 31 August 2023
44,000
3. Trade and other receivables
2022
2023
£
£
Trade debtors
775,415
438,896
Other debtors
3,006
6,012
444,908
778,421
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
20,875
3,371
Taxation and social security
442,803
359,274
Other creditors
709,233
403,023
1,172,911
765,668
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6
For the year ended 31 August 2023
FRC Recruitment Ltd
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees was 275 (2022 : 250)
4 of 4