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REGISTERED NUMBER: 13236458 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Premier Recruitment Group Limited

Premier Recruitment Group Limited (Registered number: 13236458)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Premier Recruitment Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L Vickers





REGISTERED OFFICE: Park Farm
Park Lane
Wormshill
Sittingbourne
Kent
ME9 OUA





REGISTERED NUMBER: 13236458 (England and Wales)





ACCOUNTANTS: SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU

Premier Recruitment Group Limited (Registered number: 13236458)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,233 13,784

CURRENT ASSETS
Debtors 5 814,435 731,405
Cash at bank and in hand 73,353 29,282
887,788 760,687
CREDITORS
Amounts falling due within one year 6 778,086 603,170
NET CURRENT ASSETS 109,702 157,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,935

171,301

PROVISIONS FOR LIABILITIES 7 2,324 2,619
NET ASSETS 119,611 168,682

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 119,511 168,582
SHAREHOLDERS' FUNDS 119,611 168,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Premier Recruitment Group Limited (Registered number: 13236458)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





L Vickers - Director


Premier Recruitment Group Limited (Registered number: 13236458)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Premier Recruitment Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Premier Recruitment Group Limited (Registered number: 13236458)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 330 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 17,410
Additions 3,745
At 31 March 2024 21,155
DEPRECIATION
At 1 April 2023 3,626
Charge for year 5,296
At 31 March 2024 8,922
NET BOOK VALUE
At 31 March 2024 12,233
At 31 March 2023 13,784

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 676,651 615,006
Other debtors 135,221 105,886
811,872 720,892

Amounts falling due after more than one year:
Other debtors 2,563 10,513

Aggregate amounts 814,435 731,405

Premier Recruitment Group Limited (Registered number: 13236458)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Factoring 443,573 280,945
Trade creditors 8,855 253,736
Taxation and social security 322,148 35,210
Other creditors 3,510 33,279
778,086 603,170

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 2,324 2,619

Deferred
tax
£   
Balance at 1 April 2023 2,619
Credit to Statement of Income and Retained Earnings during year (295 )
Balance at 31 March 2024 2,324

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year the company made a loan to a director amounting to £125,930 on an interest free basis. This loan is unsecured and repayable on demand.

Premier Recruitment Group Limited

Report of the Accountants to the Director of
Premier Recruitment Group Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SADLER FOGARTY SERVICES LTD
T/AS Sadler Davies & Co
Chartered Accountants
3 Enterprise House
8 Essex Road
Dartford
Kent
DA1 2AU


23 August 2024