Tregear Recruitment Ltd
Registered number: 13155590
Statement of Financial Position
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,621 1,250
Current assets
Debtors 4 24,951 20,277
Cash at bank and in hand 570 253
25,521 20,530
Creditors: amounts falling due within one year 5 (34,251) (21,122)
Net current liabilities (8,730) (592)
Total assets less current liabilities 1,891 658
Provisions for liabilities (1,751) -
Net assets 140 658
Capital and reserves
Called up share capital 1 1
Profit and loss account 139 657
Shareholders' funds 140 658
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Richard Tregear
Director
Approved by the board on 2 September 2024
Tregear Recruitment Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 4 years straight line
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 2,500
Additions 13,995
Disposals (2,000)
At 31 January 2024 14,495
Depreciation
At 1 February 2023 1,250
Charge for the year 3,624
On disposals (1,000)
At 31 January 2024 3,874
Net book value
At 31 January 2024 10,621
At 31 January 2023 1,250
4 Debtors 2024 2023
£ £
Other debtors 24,951 20,277
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,120 1,070
Corporation tax 9,534 10,831
Other creditors 23,597 9,221
34,251 21,122
6 Other information
Tregear Recruitment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Faulkner Place
Bagshot
Surrey
GU19 5LZ
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