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REGISTERED NUMBER: 07336678 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PROSPECTS RECRUITMENT & PERSONNEL
SOLUTIONS LTD

PROSPECTS RECRUITMENT & PERSONNEL
SOLUTIONS LTD (REGISTERED NUMBER: 07336678)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


PROSPECTS RECRUITMENT & PERSONNEL
SOLUTIONS LTD (REGISTERED NUMBER: 07336678)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,542 32,130
Tangible assets 5 584 664
28,126 32,794

CURRENT ASSETS
Debtors 33,224 28,470
Cash at bank 480,636 507,728
513,860 536,198
CREDITORS
Amounts falling due within one year 127,619 131,465
NET CURRENT ASSETS 386,241 404,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,367

437,527

PROVISIONS FOR LIABILITIES 110 126
NET ASSETS 414,257 437,401

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 414,157 437,301
SHAREHOLDERS' FUNDS 414,257 437,401

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 her 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.

PROSPECTS RECRUITMENT & PERSONNEL
SOLUTIONS LTD (REGISTERED NUMBER: 07336678)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





Miss A D'Auria - Director


PROSPECTS RECRUITMENT & PERSONNEL
SOLUTIONS LTD (REGISTERED NUMBER: 07336678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Prospects Recruitment & Personnel Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07336678

Registered office: 1 Church Terrace
Richmond
Surrey
TW10 6SE

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.

The financial statements have been prepared on a going concern basis.

A summary of the principal accounting policies, which have been applied consistently is set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Goodwill arose on the transfer of the trade from the sole trader business of the company director and shareholder.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Office equipment - 25% on cost

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.

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 3 (2023 - 4 ) .

PROSPECTS RECRUITMENT & PERSONNEL
SOLUTIONS LTD (REGISTERED NUMBER: 07336678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 91,774
AMORTISATION
At 1 April 2023 59,644
Amortisation for year 4,588
At 31 March 2024 64,232
NET BOOK VALUE

At 31 March 2024 27,542
At 31 March 2023 32,130

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,883
Additions 109
At 31 March 2024 2,992
DEPRECIATION
At 1 April 2023 2,219
Charge for year 189
At 31 March 2024 2,408
NET BOOK VALUE
At 31 March 2024 584
At 31 March 2023 664

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1.00 100 100