Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Temporary employment agency activities2023-04-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04358261 2023-04-01 2024-03-31 04358261 2022-04-01 2023-03-31 04358261 2024-03-31 04358261 2023-03-31 04358261 c:Director1 2023-04-01 2024-03-31 04358261 d:FurnitureFittings 2023-04-01 2024-03-31 04358261 d:FurnitureFittings 2024-03-31 04358261 d:FurnitureFittings 2023-03-31 04358261 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04358261 d:Goodwill 2024-03-31 04358261 d:Goodwill 2023-03-31 04358261 d:CurrentFinancialInstruments 2024-03-31 04358261 d:CurrentFinancialInstruments 2023-03-31 04358261 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04358261 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04358261 d:ShareCapital 2024-03-31 04358261 d:ShareCapital 2023-03-31 04358261 d:OtherMiscellaneousReserve 2024-03-31 04358261 d:OtherMiscellaneousReserve 2023-03-31 04358261 d:RetainedEarningsAccumulatedLosses 2024-03-31 04358261 d:RetainedEarningsAccumulatedLosses 2023-03-31 04358261 c:FRS102 2023-04-01 2024-03-31 04358261 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04358261 c:FullAccounts 2023-04-01 2024-03-31 04358261 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04358261 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04358261









RED STAR RECRUITMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
RED STAR RECRUITMENT LIMITED
REGISTERED NUMBER: 04358261

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
776
858

  
776
858

Current assets
  

Debtors: amounts falling due within one year
 6 
9,113
26,250

Cash at bank and in hand
 7 
203,837
230,326

  
212,950
256,576

Creditors: amounts falling due within one year
 8 
(81,690)
(104,312)

Net current assets
  
 
 
131,260
 
 
152,264

Total assets less current liabilities
  
132,036
153,122

Provisions for liabilities
  

Deferred tax
  
(147)
(215)

  
 
 
(147)
 
 
(215)

Net assets
  
131,889
152,907


Capital and reserves
  

Called up share capital 
  
86
86

Other reserves
  
56
56

Profit and loss account
  
131,747
152,765

  
131,889
152,907


Page 1

 
RED STAR RECRUITMENT LIMITED
REGISTERED NUMBER: 04358261
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G Peck
Director

Date: 11 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Red Star Recruitment Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the contents page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
50,000



At 31 March 2024

50,000



Amortisation


At 1 April 2023
50,000



At 31 March 2024

50,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 5

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2023
7,028


Additions
175



At 31 March 2024

7,203



Depreciation


At 1 April 2023
6,170


Charge for the year on owned assets
257



At 31 March 2024

6,427



Net book value



At 31 March 2024
776



At 31 March 2023
858


6.


Debtors

2024
2023
£
£


Trade debtors
6,930
26,250

Prepayments and accrued income
2,183
-

9,113
26,250



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
203,837
230,326

203,837
230,326


Page 6

 
RED STAR RECRUITMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
99
1,379

Corporation tax
6,027
20,968

Other taxation and social security
3,184
8,903

Other creditors
70,386
71,193

Accruals and deferred income
1,994
1,869

81,690
104,312



9.


Related party transactions

In other creditors is a director's loan account of £70,145 (2023: £71,093). There is no interest charged on this loan and it is repayable on demand.

 
Page 7