Registered number: 10955783 | ||||||||
FOR THE YEAR ENDED 30/09/2023 | ||||||||
Prepared By: | ||||||||
Somersby Consulting Limited | ||||||||
Accountants and Tax Advisors | ||||||||
Unit 2 Sherbrook Enterprise | ||||||||
100 Sherbrook Road | ||||||||
Daybrook | ||||||||
Nottingham | ||||||||
NG5 6AB |
STEP Recruitment Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Nottingham | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10955783 | ||||||||
ACCOUNTANTS | ||||||||
Somersby Consulting Limited | ||||||||
Accountants and Tax Advisors | ||||||||
Unit 2 Sherbrook Enterprise | ||||||||
100 Sherbrook Road | ||||||||
Daybrook | ||||||||
Nottingham | ||||||||
NG5 6AB |
STEP Recruitment Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/09/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
STEP Recruitment Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
595,787 | 469,330 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 304,224 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 477,203 | 341,154 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
STEP Recruitment Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. General Information | ||||||||
STEP Recruitment Limited is a private company, limited by shares and registered in England. The registered office address is stated on page 1 of the accounts. The company's principal activity is that of a recruitment agent. |
1b. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
1c. 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. |
1d. Depreciation | ||||||||
Equipment | straight line33.3% | |||||||
Motor Cars | reducing balance25% |
1e. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1f. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
STEP Recruitment Limited | ||||||||
1g. Turnover | ||||||||
Revenue is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. | ||||||||
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. |
1h. Goodwill | ||||||||
1i. Government Grants | ||||||||
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. | ||||||||
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 21 | |||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/10/2022 | 53,119 | 53,119 | ||
At 30/09/2023 | 53,119 | 53,119 | ||
Depreciation | ||||
At 01/10/2022 | 17,705 | 17,705 | ||
For the year | 3,541 | 3,541 | ||
At 30/09/2023 | 21,246 | 21,246 | ||
Net Book Amounts | ||||
At 30/09/2023 | ||||
At 30/09/2022 | ||||
STEP Recruitment Limited | ||||||||
4. TANGIBLE FIXED ASSETS | ||||||
Equipment | Motor Cars | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/10/2022 | 29,180 | - | 29,180 | |||
Additions | 6,669 | 55,264 | 61,933 | |||
At 30/09/2023 | 35,849 | 55,264 | 91,113 | |||
Depreciation | ||||||
At 01/10/2022 | 26,664 | - | 26,664 | |||
For the year | 2,532 | 11,513 | 14,045 | |||
At 30/09/2023 | 29,196 | 11,513 | 40,709 | |||
Net Book Amounts | ||||||
At 30/09/2023 | 50,404 | |||||
At 30/09/2022 | 2,516 | |||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 124,804 | 9,875 | ||||||
PAYE control | - | 3,851 | ||||||
Other debtors | 19,183 | 775 | ||||||
Prepayments | 2,915 | 3,609 | ||||||
Directors current account | 65,341 | 11,221 | ||||||
212,243 | 29,331 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 71,634 | 62,036 | ||||||
VAT | 66,696 | 49,221 | ||||||
PAYE control | 10,531 | - | ||||||
Trade creditors | 3,634 | 118 | ||||||
Pension schemes | 860 | 948 | ||||||
Accruals | 13,499 | 10,933 | ||||||
Deferred income | 23,430 | 41,850 | ||||||
190,284 | 165,106 | |||||||
STEP Recruitment Limited | ||||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
1,000 | 1,000 | |||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||