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Company No: 06059161 (England and Wales)

MARC DANIELS SPECIALIST RECRUITMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

MARC DANIELS SPECIALIST RECRUITMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

MARC DANIELS SPECIALIST RECRUITMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
MARC DANIELS SPECIALIST RECRUITMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR M Chapple
REGISTERED OFFICE St Andrews House
St. Marys Walk
Maidenhead
SL6 1QZ
United Kingdom
COMPANY NUMBER 06059161 (England and Wales)
ACCOUNTANT Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
MARC DANIELS SPECIALIST RECRUITMENT LIMITED

BALANCE SHEET

As at 31 March 2024
MARC DANIELS SPECIALIST RECRUITMENT LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 64,677 3,857
64,677 3,857
Current assets
Debtors 4 887,935 725,477
Cash at bank and in hand 5 1,296,150 1,354,368
2,184,085 2,079,845
Creditors: amounts falling due within one year 6 ( 634,162) ( 464,643)
Net current assets 1,549,923 1,615,202
Total assets less current liabilities 1,614,600 1,619,059
Creditors: amounts falling due after more than one year 7 ( 21,657) 0
Provision for liabilities 8 ( 653) ( 290)
Net assets 1,592,290 1,618,769
Capital and reserves
Called-up share capital 9 24 24
Capital redemption reserve 24 24
Profit and loss account 1,592,242 1,618,721
Total shareholders' funds 1,592,290 1,618,769

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Marc Daniels Specialist Recruitment Limited (registered number: 06059161) were approved and authorised for issue by the Director on 11 September 2024. They were signed on its behalf by:

M Chapple
Director
MARC DANIELS SPECIALIST RECRUITMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
MARC DANIELS SPECIALIST RECRUITMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marc Daniels Specialist Recruitment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is St Andrews House, St. Marys Walk, Maidenhead, , SL6 1QZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Marc Daniels Specialist Recruitment Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arises from the provision of recruitment services.
Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Defined benefit schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 3 years straight line
Fixtures and fittings 3 years straight line
Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

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

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 47 54

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 April 2023 0 29,709 27,102 56,811
Additions 72,965 0 0 72,965
At 31 March 2024 72,965 29,709 27,102 129,776
Accumulated depreciation
At 01 April 2023 0 28,665 24,289 52,954
Charge for the financial year 10,134 816 1,195 12,145
At 31 March 2024 10,134 29,481 25,484 65,099
Net book value
At 31 March 2024 62,831 228 1,618 64,677
At 31 March 2023 0 1,044 2,813 3,857

4. Debtors

2024 2023
£ £
Trade debtors 877,934 713,432
Other debtors 10,001 12,045
887,935 725,477

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 1,296,150 1,354,368

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 11,729 4,682
Taxation and social security 542,589 388,092
Obligations under finance leases and hire purchase contracts 12,994 0
Other creditors 66,850 71,869
634,162 464,643

The amounts due in respect of finance leases and hire purchase contracts are secured on the asset to which they relate.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 21,657 0

The amounts due in respect of finance leases and hire purchase contracts are secured on the asset to which they relate.

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 290) 86
Charged to the Profit and Loss Account ( 363) ( 376)
At the end of financial year ( 653) ( 290)

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
24 Ordinary share capital shares of £ 1.00 each 24 24

10. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 31,325 48,300