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Company No: 08625203 (England and Wales)

YELLOW BRICKS RECRUITMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

YELLOW BRICKS RECRUITMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

YELLOW BRICKS RECRUITMENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2023
YELLOW BRICKS RECRUITMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 62,898 39,026
62,898 39,026
Current assets
Debtors 4 67,949 87,999
Cash at bank and in hand 101,757 243,350
169,706 331,349
Creditors: amounts falling due within one year 5 ( 38,659) ( 96,162)
Net current assets 131,047 235,187
Total assets less current liabilities 193,945 274,213
Creditors: amounts falling due after more than one year 6 ( 20,836) ( 29,930)
Provision for liabilities ( 6,614) ( 9,713)
Net assets 166,495 234,570
Capital and reserves
Called-up share capital 7 11 11
Profit and loss account 166,484 234,559
Total shareholders' funds 166,495 234,570

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Yellow Bricks Recruitment Limited (registered number: 08625203) were approved and authorised for issue by the Director on 11 April 2024. They were signed on its behalf by:

A Gill
Director
YELLOW BRICKS RECRUITMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
YELLOW BRICKS RECRUITMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yellow Bricks Recruitment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance
Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 10 11

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 August 2022 0 49,690 1,543 2,657 53,890
Additions 37,306 0 0 2,203 39,509
At 31 July 2023 37,306 49,690 1,543 4,860 93,399
Accumulated depreciation
At 01 August 2022 0 12,423 1,543 898 14,864
Charge for the financial year 5,329 9,317 0 991 15,637
At 31 July 2023 5,329 21,740 1,543 1,889 30,501
Net book value
At 31 July 2023 31,977 27,950 0 2,971 62,898
At 31 July 2022 0 37,267 0 1,759 39,026

4. Debtors

2023 2022
£ £
Trade debtors 53,217 68,856
Prepayments 6,849 15,915
Other debtors 7,883 3,228
67,949 87,999

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,906
Amounts owed to director 260 17,870
Accruals 7,232 6,175
Taxation and social security 20,990 60,806
Other creditors 177 405
38,659 96,162

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 20,836 29,930

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
10 Ordinary B shares of £ 1.00 each 10 10
11 11

8. Related party transactions

Transactions with the entity's director

At the year-end, there is an amount owed to the director of £260 (2022: £17,870). Interest is charged at 2.25% during the year and there are no repayment terms. The director received dividends totalling £34,383 (2022: £64,250) during the year.