Registration number:
Deerfoot Recruitment Solutions Limited
(formerly
for the Year Ended 31 October 2023
Deerfoot Recruitment Solutions Limited
(formerly
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Deerfoot Recruitment Solutions Limited
(formerly
Company Information
Director |
Mr NA Gordon |
Registered office |
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Accountants |
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Deerfoot Recruitment Solutions Limited
(formerly
(Registration number: 03446821)
Balance Sheet as at 31 October 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Retained earnings |
1,337,485 |
1,333,544 |
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Shareholders' funds |
1,337,487 |
1,333,546 |
For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Directors' Report and Profit and Loss Account.
Approved and authorised by the
Mr NA Gordon
Director
Deerfoot Recruitment Solutions Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The company was formerly known as Deerfoot I. T. Resources Limited.
The address of its registered office is:
England
The principal place of business is:
Seager's Cottage
Stuckton
Fordingbridge
Hampshire
SP6 2HG
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers and income derived from the investment property.
Revenue and income are recognised to the extent that the company obtains the right to consideration for its' performance.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.
Deerfoot Recruitment Solutions Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
25.00-33.33% reducing balance basis |
Investment property
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Deerfoot Recruitment Solutions Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 November 2022 |
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Additions |
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Disposals |
( |
( |
At 31 October 2023 |
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Depreciation |
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At 1 November 2022 |
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Charge for the year |
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Eliminated on disposal |
( |
( |
At 31 October 2023 |
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Carrying amount |
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At 31 October 2023 |
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At 31 October 2022 |
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Investment properties |
2023 |
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At 1 November |
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At 31 October |
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The fair value of the property was not considered to be materially different from the acquisition cost based on a comparison with nearby similar properties offered for sale on recognised internet sites and therefore no adjustments have been made in the current accounting period.
There has been no valuation of investment property by an independent valuer.
Deerfoot Recruitment Solutions Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Debtors |
Current |
Note |
2023 |
2022 |
Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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Other debtors |
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Details of non-current trade and other debtors
£18,225 (2022 -£Nil) of Taxation is classified as non current.
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Amounts disclosed in the balance sheet
Included in the balance sheet are pensions of £3,832 (2022 - £3,853).
Deerfoot Recruitment Solutions Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Related party transactions |
2023 |
At 1 November 2022 |
Advances to director |
At 31 October 2023 |
Mr NA Gordon |
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Directors loan account |
- |
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The director's loan account is interest free and repayable upon demand.
Loans to related parties
2023 |
Other related parties |
Total |
At start of period |
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Repaid |
( |
( |
At end of period |
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2022 |
Other related parties |
Total |
At start of period |
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Repaid |
( |
( |
At end of period |
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Terms of loans to related parties
Loans from related parties
2023 |
Parent |
Total |
At start of period |
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Advanced |
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At end of period |
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2022 |
Parent |
Total |
At start of period |
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Advanced |
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At end of period |
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Terms of loans from related parties
Deerfoot Recruitment Solutions Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Parent and ultimate parent undertaking |
The company's immediate and ultimate parent is