SIMPLE RECRUITMENT SERVICES LIMITED

Company Registration Number:
11189602 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

SIMPLE RECRUITMENT SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes

SIMPLE RECRUITMENT SERVICES LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,930 5,441
Total fixed assets: 2,930 5,441
Current assets
Debtors: 4 1,697,556 1,563,603
Cash at bank and in hand: 138,468 66,162
Total current assets: 1,836,024 1,629,765
Creditors: amounts falling due within one year: 5 ( 2,756,784 ) ( 2,699,004 )
Net current assets (liabilities): (920,760) (1,069,239)
Total assets less current liabilities: (917,830) ( 1,063,798)
Total net assets (liabilities): (917,830) (1,063,798)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (918,830 ) (1,064,798 )
Total Shareholders' funds: ( 917,830 ) (1,063,798)

The notes form part of these financial statements

SIMPLE RECRUITMENT SERVICES LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 July 2024
and signed on behalf of the board by:

Name: Luke Harry Kimber Skeels
Status: Director

The notes form part of these financial statements

SIMPLE RECRUITMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or lossImpairment of fixed assetsA review for indicators of impairnent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

    Other accounting policies

    Financial instrumentsA financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttablc ordinary shares or preference shares arc publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.Financial assets that arc measured at cost or amortised cost arc reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impainnent, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment arc recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impainnent not previously heen recognised.

SIMPLE RECRUITMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SIMPLE RECRUITMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 16,741 16,741
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 16,741 16,741
Depreciation
At 1 August 2022 11,300 11,300
Charge for year 2,511 2,511
On disposals
Other adjustments
At 31 July 2023 13,811 13,811
Net book value
At 31 July 2023 2,930 2,930
At 31 July 2022 5,441 5,441

Depreciation is 15% on straight line basis

SIMPLE RECRUITMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,327,006 930,524
Other debtors 370,550 633,079
Total 1,697,556 1,563,603

SIMPLE RECRUITMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 26,294
Taxation and social security 297,392 342,449
Other creditors 2,433,098 2,356,555
Total 2,756,784 2,699,004