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REGISTERED NUMBER: 08182873 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2022 to 31 December 2023

for

Priority Recruitment Services Limited

Priority Recruitment Services Limited (Registered number: 08182873)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Priority Recruitment Services Limited

Company Information
for the Period 1 September 2022 to 31 December 2023







DIRECTORS: S M Roberts
A M Roberts





SECRETARY: N Burke





REGISTERED OFFICE: Unit 1
Millbrook Business Park Mill Lane
Rainford
St Helens
Merseyside
WA11 8LZ





REGISTERED NUMBER: 08182873 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

Priority Recruitment Services Limited (Registered number: 08182873)

Balance Sheet
31 December 2023

31.12.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,503 2,178
Investments 5 62,014 136,353
64,517 138,531

CURRENT ASSETS
Debtors 6 106,744 152,044
Cash at bank 40,567 133,081
147,311 285,125
CREDITORS
Amounts falling due within one year 7 210,608 236,708
NET CURRENT (LIABILITIES)/ASSETS (63,297 ) 48,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,220

186,948

CAPITAL AND RESERVES
Called up share capital 500 125
Retained earnings 720 186,823
SHAREHOLDERS' FUNDS 1,220 186,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:



A M Roberts - Director


Priority Recruitment Services Limited (Registered number: 08182873)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 December 2023

1. STATUTORY INFORMATION

Priority Recruitment Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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

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

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 14 (2022 - 14 ) .

Priority Recruitment Services Limited (Registered number: 08182873)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 2,534 18,983 6,865 28,382
Additions - 161 1,607 1,768
At 31 December 2023 2,534 19,144 8,472 30,150
DEPRECIATION
At 1 September 2022 2,323 18,983 4,898 26,204
Charge for period 211 37 1,195 1,443
At 31 December 2023 2,534 19,020 6,093 27,647
NET BOOK VALUE
At 31 December 2023 - 124 2,379 2,503
At 31 August 2022 211 - 1,967 2,178

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2022 136,353
Additions 59,078
Disposals (102,920 )
Revaluations (30,497 )
At 31 December 2023 62,014
NET BOOK VALUE
At 31 December 2023 62,014
At 31 August 2022 136,353

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 (30,497 )
Cost 92,511
62,014

Priority Recruitment Services Limited (Registered number: 08182873)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.23 31.8.22
£    £   
Cost 92,511 136,353

Fixed asset investments were valued on an open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Trade debtors 30,667 77,136
Other debtors 39,203 21,127
Tax 2,213 2,213
VAT - 20,315
Prepayments and accrued income 34,661 31,253
106,744 152,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Trade creditors 40,824 42,935
Tax 13,136 60,485
Social security and other taxes 12,950 -
VAT 17,445 -
Other creditors 10,906 22,622
Inter-company loan account 38,000 -
Directors' current accounts 52,000 83,197
Accruals and deferred income 25,347 27,469
210,608 236,708

8. RELATED PARTY DISCLOSURES

Amounts owed to associated companies at the balance sheet date are £38,000 (2022: Nil).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S M Roberts.