Registered number
08357697
CARLTON RECRUITMENT SOLUTIONS LIMITED
Unaudited Filleted Accounts
31 December 2023
CARLTON RECRUITMENT SOLUTIONS LIMITED
Registered number: 08357697
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 412
Tangible assets 4 12,936 13,949
12,936 14,361
Current assets
Debtors 5 23,698 66,028
Cash at bank and in hand 59,664 55,583
83,362 121,611
Creditors: amounts falling due within one year 6 (134,765) (166,317)
Net current liabilities (51,403) (44,706)
Total assets less current liabilities (38,467) (30,345)
Creditors: amounts falling due after more than one year 7 (15,971) (25,815)
Provisions for liabilities (470) (650)
Net liabilities (54,908) (56,810)
Capital and reserves
Called up share capital 100 100
Profit and loss account (55,008) (56,910)
Shareholders' funds (54,908) (56,810)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 26 March 2024 and signed on its behalf by:
John Yonel Kazal Karen Maria Kazal-Price
Director Director
CARLTON RECRUITMENT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern basis of accounting
At the balance sheet date, the company's liabilities exceeded its assets.The accounts have been prepared on a going concern basis as directors consider that the company has sufficient working capital for at least twelve months from the date of signing these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 47,299
At 31 December 2023 47,299
Amortisation
At 1 January 2023 46,887
Provided during the year 412
At 31 December 2023 47,299
Net book value
At 31 December 2023 -
At 31 December 2022 412
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 10,595 17,077 27,672
Additions 124 - 124
At 31 December 2023 10,719 17,077 27,796
Depreciation
At 1 January 2023 - 13,723 13,723
Charge for the year 214 923 1,137
At 31 December 2023 214 14,646 14,860
Net book value
At 31 December 2023 10,505 2,431 12,936
At 31 December 2022 10,595 3,354 13,949
5 Debtors 2023 2022
£ £
Trade debtors 18,071 51,527
Other debtors 5,627 14,501
23,698 66,028
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,652 10,652
Trade creditors 6,278 10,846
Taxation and social security costs 92,299 110,763
Other creditors 25,536 34,056
134,765 166,317
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,971 25,815
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 26,623 36,467
The loan repesents a standard bank "Bounce Back Loan" secured by government guarantee, with interest at 2.5%, and repayable over 6 years with no interest or capital repayments in first 12 months.
9 Other information
CARLTON RECRUITMENT SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD
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