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REGISTERED NUMBER: 09863063 (England and Wales)















PSIXTY RECRUITMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






PSIXTY RECRUITMENT LIMITED (REGISTERED NUMBER: 09863063)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


PSIXTY RECRUITMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







Directors: M Evans
R E Poddar
J D Tompsett





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 09863063 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

PSIXTY RECRUITMENT LIMITED (REGISTERED NUMBER: 09863063)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 10,280 13,460

Current assets
Debtors 5 194,195 62,354
Cash at bank 38,404 170,825
232,599 233,179
Creditors
Amounts falling due within one year 6 222,713 216,344
Net current assets 9,886 16,835
Total assets less current liabilities 20,166 30,295

Creditors
Amounts falling due after more than one
year

7

14,951

25,000
Net assets 5,215 5,295

Capital and reserves
Called up share capital 1,500 1,500
Retained earnings 3,715 3,795
Shareholders' funds 5,215 5,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:




M Evans - Director R E Poddar - Director



J D Tompsett - Director


PSIXTY RECRUITMENT LIMITED (REGISTERED NUMBER: 09863063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. Statutory information

Psixty Recruitment Limited 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.
Plant and machinery etc - 25% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 9 ) .

PSIXTY RECRUITMENT LIMITED (REGISTERED NUMBER: 09863063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 December 2022 21,471
Additions 242
At 30 November 2023 21,713
Depreciation
At 1 December 2022 8,011
Charge for year 3,422
At 30 November 2023 11,433
Net book value
At 30 November 2023 10,280
At 30 November 2022 13,460

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 68,478 50,250
Other debtors 125,717 12,104
194,195 62,354

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,050 10,000
Taxation and social security 205,717 199,370
Other creditors 6,946 6,974
222,713 216,344

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 14,951 25,000

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£ £
M Evans
Balance outstanding at start of year 2,015 3,626
Amounts advanced 107,694 158,389
Amounts repaid (70,424 ) (160,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,285 2,015

PSIXTY RECRUITMENT LIMITED (REGISTERED NUMBER: 09863063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. Directors' advances, credits and guarantees - continued

R E Poddar
Balance outstanding at start of year 1,867 2,059
Amounts advanced 109,492 159,808
Amounts repaid (70,424 ) (160,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,935 1,867

J D Tompsett
Balance outstanding at start of year 2,832 1,000
Amounts advanced 107,696 161,832
Amounts repaid (70,424 ) (160,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,104 2,832