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REGISTERED NUMBER: 11109633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Director: S Parsons





Secretary: Athos Business Solutions Limited





Registered office: 1623 Warwick Road Knowle
Solihull
United Kingdom
West Midlands
B93 9LF





Registered number: 11109633 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,313 39,698

CURRENT ASSETS
Debtors 5 11,869 25,586
Cash at bank 307,283 210,074
319,152 235,660
CREDITORS
Amounts falling due within one year 6 100,073 61,430
NET CURRENT ASSETS 219,079 174,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,392

213,928

CREDITORS
Amounts falling due after more than one
year

7

(37,998

)

(50,540

)

PROVISIONS FOR LIABILITIES (6,889 ) (7,430 )
NET ASSETS 203,505 155,958

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 203,405 155,858
203,505 155,958

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

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

The director acknowledges his 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.

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 8 May 2024 and were signed by:





S Parsons - Director


SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Simon Parsons Executive Recruitment 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 50,176 6,001 56,177
Depreciation
At 1 January 2023 12,544 3,935 16,479
Charge for year 9,408 977 10,385
At 31 December 2023 21,952 4,912 26,864
Net book value
At 31 December 2023 28,224 1,089 29,313
At 31 December 2022 37,632 2,066 39,698

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Reclassification/transfer 50,176
At 31 December 2023 50,176
Depreciation
Charge for year 9,408
Reclassification/transfer 12,544
At 31 December 2023 21,952
Net book value
At 31 December 2023 28,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,600 25,200
Other debtors 2,269 386
11,869 25,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,542 2,542
Trade creditors 4,357 1,327
Taxation and social security 81,963 46,126
Other creditors 1,211 1,435
100,073 61,430

SIMON PARSONS EXECUTIVE RECRUITMENT
LIMITED (REGISTERED NUMBER: 11109633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 22,998 25,540
37,998 50,540