Registered number
09143899
Total Facilities Recruitment Ltd
Filleted Accounts
31 December 2023
Total Facilities Recruitment Ltd
Registered number: 09143899
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 2,676 5,568
Current assets
Debtors 5 1,604,179 1,420,466
Cash at bank and in hand 64,507 53,500
1,668,686 1,473,966
Creditors: amounts falling due within one year 6 (1,381,958) (1,264,224)
Net current assets 286,728 209,742
Total assets less current liabilities 289,404 215,310
Creditors: amounts falling due after more than one year 7 (168,458) (168,458)
Provisions for liabilities (709) (1,058)
Net assets 120,237 45,794
Capital and reserves
Called up share capital 100 100
Profit and loss account 120,137 45,694
Shareholder's funds 120,237 45,794
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 member has 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.
K Barclay
Director
Approved by the board on 11 September 2024
Total Facilities Recruitment Ltd
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over the lease term
Furniture and equipment over 3 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 15 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 6,000
At 31 December 2023 6,000
Amortisation
At 1 January 2023 6,000
At 31 December 2023 6,000
Net book value
At 31 December 2023 -
Software is being written off in equal annual instalments over its estimated economic life of 3 years.
4 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 7,177 16,002 23,179
At 31 December 2023 7,177 16,002 23,179
Depreciation
At 1 January 2023 3,229 14,382 17,611
Charge for the year 1,435 1,457 2,892
At 31 December 2023 4,664 15,839 20,503
Net book value
At 31 December 2023 2,513 163 2,676
At 31 December 2022 3,948 1,620 5,568
5 Debtors 2023 2022
£ £
Trade debtors 1,192,752 991,556
Amounts owed by group undertakings and undertakings in which the company has a participating interest 390,068 342,504
Accrued income - 71,014
Prepayments 15,524 9,642
Other debtors 5,835 5,750
1,604,179 1,420,466
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 27,242 25,751
Invoice discounting facility 1,056,228 975,423
Taxation and social security costs 207,716 183,384
Accruals 28,488 78,395
Other creditors 62,284 1,271
1,381,958 1,264,224
7 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loans 168,458 168,458
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 43,750 68,750
9 Controlling party
The company is controlled by Total Facilities Group Ltd. Its registered office is 32 Station Square, Petts Wood, Orpington BR5 1NA.
10 Other information
Total Facilities Recruitment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32 Station Square
Petts Wood
Orpington
BR5 1NA
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