Company registration number 10508073 (England and Wales)
LLOYD BARNES COMMERCIAL RECRUITMENT LIMITED
(FORMERLY LLOYD BARNES SPECIALIST RECRUITMENT LTD)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
LLOYD BARNES COMMERCIAL RECRUITMENT LIMITED
(FORMERLY LLOYD BARNES SPECIALIST RECRUITMENT LTD)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LLOYD BARNES COMMERCIAL RECRUITMENT LIMITED
(FORMERLY LLOYD BARNES SPECIALIST RECRUITMENT LTD)
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,900
Current assets
Debtors
5
2,770
100
Creditors: amounts falling due within one year
4
(16,022)
Net current (liabilities)/assets
(13,252)
100
Net (liabilities)/assets
(11,352)
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(11,452)
Total equity
(11,352)
100
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 July 2024 and are signed on its behalf by:
Mr M A Lloyd
Miss A F Vaughan
Director
Director
Company registration number 10508073 (England and Wales)
LLOYD BARNES COMMERCIAL RECRUITMENT LIMITED
(FORMERLY LLOYD BARNES SPECIALIST RECRUITMENT LTD)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Lloyd Barnes Commercial Recruitment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wisteria House, South Zeal, Okehampton, Devon, EX20 2LA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the year end, the company's balance sheet reflected a net liabilities position, with costs incurred in the year in advance of the receipt of first income. The company is supported by its 100% parent company, Lloyd Barnes Accountancy Recruitment Limited. Based on that continuing financial support, the directors have prepared the financial statements on a going concern basis.
1.3
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and equipment
33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
LLOYD BARNES COMMERCIAL RECRUITMENT LIMITED
(FORMERLY LLOYD BARNES SPECIALIST RECRUITMENT LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
Additions
2,007
At 31 December 2023
2,007
Depreciation and impairment
At 1 January 2023
Depreciation charged in the year
107
At 31 December 2023
107
Carrying amount
At 31 December 2023
1,900
At 31 December 2022
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
16,022
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
100
100
Other debtors
2,670
2,770
100
6
Parent company
The parent company of Lloyd Barnes Commercial Recruitment Limited is Lloyd Barnes Accountancy Recruitment Limited a company registered in England and Wales, whose registered office is Wisteria House, South Zeal, Okehampton, Devon, EX20 2LA.