Acorah Software Products - Accounts Production 15.0.400 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13134450 Mr David Teskowski Mrs Emma Teskowski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13134450 2023-01-31 13134450 2024-01-31 13134450 2023-02-01 2024-01-31 13134450 frs-core:CurrentFinancialInstruments 2024-01-31 13134450 frs-core:ComputerEquipment 2024-01-31 13134450 frs-core:ComputerEquipment 2023-02-01 2024-01-31 13134450 frs-core:ComputerEquipment 2023-01-31 13134450 frs-core:ShareCapital 2024-01-31 13134450 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13134450 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13134450 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13134450 frs-bus:SmallEntities 2023-02-01 2024-01-31 13134450 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13134450 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13134450 frs-bus:Director1 2023-02-01 2024-01-31 13134450 frs-bus:Director1 2023-01-31 13134450 frs-bus:Director1 2024-01-31 13134450 frs-bus:Director2 2023-02-01 2024-01-31 13134450 frs-core:CurrentFinancialInstruments 3 2024-01-31 13134450 frs-countries:EnglandWales 2023-02-01 2024-01-31 13134450 2022-01-31 13134450 2023-01-31 13134450 2022-02-01 2023-01-31 13134450 frs-core:CurrentFinancialInstruments 2023-01-31 13134450 frs-core:ShareCapital 2023-01-31 13134450 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 13134450 frs-core:CurrentFinancialInstruments 3 2023-01-31
Registered number: 13134450
Recruitment Pro Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
DEB Chartered Accountants
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Recruitment Pro Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Recruitment Pro Ltd for the year ended 31 January 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Recruitment Pro Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Recruitment Pro Ltd and state those matters that we have agreed to state to the directors of Recruitment Pro Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Recruitment Pro Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Recruitment Pro Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Recruitment Pro Ltd . You consider that Recruitment Pro Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Recruitment Pro Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
05/09/2024
DEB Chartered Accountants
19 Middlewoods Way
Carlton
Barnsley
South Yorkshire
S71 3HR
Page 1
Page 2
Balance Sheet
Registered number: 13134450
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,940 7,113
6,940 7,113
CURRENT ASSETS
Debtors 5 159,806 50,954
Cash at bank and in hand 26,475 38,692
186,281 89,646
Creditors: Amounts Falling Due Within One Year 6 (191,326 ) (92,323 )
NET CURRENT ASSETS (LIABILITIES) (5,045 ) (2,677 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,895 4,436
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (1,319 ) (1,351 )
NET ASSETS 576 3,085
CAPITAL AND RESERVES
Called up share capital 8 5 5
Profit and Loss Account 571 3,080
SHAREHOLDERS' FUNDS 576 3,085
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Emma Teskowski
Director
05/09/2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Recruitment Pro Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13134450 . The registered office is 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 58 (2023: 20)
58 20
4. Tangible Assets
Office Equipment
£
Cost
As at 1 February 2023 10,755
Additions 2,141
As at 31 January 2024 12,896
Depreciation
As at 1 February 2023 3,642
Provided during the period 2,314
As at 31 January 2024 5,956
Net Book Value
As at 31 January 2024 6,940
As at 1 February 2023 7,113
Cost or valuation as at 31 January 2024 represented by:
Office Equipment
£
At cost 12,896
12,896
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,438 50,661
Prepayments and accrued income - 293
Directors' loan accounts 32,368 -
159,806 50,954
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 9,183 13,910
PAYE Control 27,169 4,362
VAT control 60,584 42,084
Wages Control - 4,123
Pension Control 686 590
Factoring account - Aldermore 92,381 26,328
Accruals and deferred income 1,323 160
Directors' loan accounts - 767
191,326 92,323
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,319 1,351
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Emma Teskowski 766 32,736 600 - 31,369
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
The company is controlled by Mr & Mrs Teskowski, directors and shareholders and J Wilson only shareholders of the company.
The balance on the director's loan account of Mr & Mrs Teskowski at 31st January 2024 was £32,369 due to the company. (2023 - £767 due from the company)
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