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REGISTERED NUMBER: 04817878 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2023

for

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: MR D WHITWORTH





REGISTERED OFFICE: Suite L
Radford Business Centre
Radford Way
Billericay
Essex
CM12 OBZ





REGISTERED NUMBER: 04817878 (England and Wales)





ACCOUNTANTS: DANIEL JAMES
UNIT L
RADFORD BUSINESS CENTRE
RADFORD WAY
BILLERICAY
Essex
CM12 0BZ

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,143 128,048

CURRENT ASSETS
Debtors 5 307,357 227,218
Cash at bank 70,069 74,412
377,426 301,630
CREDITORS
Amounts falling due within one year 6 311,050 186,897
NET CURRENT ASSETS 66,376 114,733
TOTAL ASSETS LESS CURRENT LIABILITIES 181,519 242,781

CREDITORS
Amounts falling due after more than one year 7 (141,062 ) (205,377 )

PROVISIONS FOR LIABILITIES (26,977 ) (19,878 )
NET ASSETS 13,480 17,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,380 17,426
SHAREHOLDERS' FUNDS 13,480 17,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





MR D WHITWORTH - Director


PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery - 20% Reducing Balance.
Fixtures and Fittings - 20% Reducing Balance.
Computer Equipment - 20% Reducing Balance.
Motor Vehicles - 10% Reducing Balance.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 176,677
Additions 4,794
At 31 July 2023 181,471
DEPRECIATION
At 1 August 2022 48,629
Charge for year 17,699
At 31 July 2023 66,328
NET BOOK VALUE
At 31 July 2023 115,143
At 31 July 2022 128,048

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 106,299
DEPRECIATION
At 1 August 2022 10,630
Charge for year 9,566
At 31 July 2023 20,196
NET BOOK VALUE
At 31 July 2023 86,103
At 31 July 2022 95,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 189,885 217,353
Amounts receivable in respect of hire
purchase contracts

6,899

9,865
Other debtors 110,573 -
307,357 227,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 106,593 50,000
Hire purchase contracts 14,215 14,215
Trade creditors 24,565 14,599
Taxation and social security 56,795 58,002
Other creditors 108,882 50,081
311,050 186,897

PERFECT PEOPLE RECRUITMENT SOLUTIONS LTD (Registered number: 04817878)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 70,833 120,933
Hire purchase contracts 70,229 84,444
141,062 205,377

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 100

8. SECURED DEBTS

RBS and Natwest PLC hold a fixed and floating charge over the undertaking and all property and assets present and future, including bookdebts, goodwill, uncalled capital, fixtures, fixed plant & machinery.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
MR D WHITWORTH
Balance outstanding at start of year - 18,000
Amounts repaid - (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -