IRIS Accounts Production v24.2.0.383 04257718 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042577182022-12-31042577182023-12-31042577182023-01-012023-12-31042577182021-12-31042577182022-01-012022-12-31042577182022-12-3104257718ns15:EnglandWales2023-01-012023-12-3104257718ns14:PoundSterling2023-01-012023-12-3104257718ns10:Director12023-01-012023-12-3104257718ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104257718ns10:SmallEntities2023-01-012023-12-3104257718ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104257718ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104257718ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104257718ns10:FullAccounts2023-01-012023-12-310425771812023-01-012023-12-3104257718ns5:CurrentFinancialInstruments2023-12-3104257718ns5:CurrentFinancialInstruments2022-12-3104257718ns5:ShareCapital2023-12-3104257718ns5:ShareCapital2022-12-3104257718ns5:RetainedEarningsAccumulatedLosses2023-12-3104257718ns5:RetainedEarningsAccumulatedLosses2022-12-3104257718ns10:RegisteredOffice2023-01-012023-12-3104257718ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104257718ns5:ComputerSoftware2023-01-012023-12-3104257718ns5:PlantMachinery2023-01-012023-12-3104257718ns5:FurnitureFittings2023-01-012023-12-3104257718ns5:ComputerEquipment2023-01-012023-12-3104257718ns5:IntangibleAssetsOtherThanGoodwill2022-12-3104257718ns5:IntangibleAssetsOtherThanGoodwill2023-12-3104257718ns5:IntangibleAssetsOtherThanGoodwill2022-12-3104257718ns5:PlantMachinery2022-12-3104257718ns5:FurnitureFittings2022-12-3104257718ns5:ComputerEquipment2022-12-3104257718ns5:PlantMachinery2023-12-3104257718ns5:FurnitureFittings2023-12-3104257718ns5:ComputerEquipment2023-12-3104257718ns5:PlantMachinery2022-12-3104257718ns5:FurnitureFittings2022-12-3104257718ns5:ComputerEquipment2022-12-3104257718ns5:CostValuation2022-12-3104257718ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104257718ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3104257718ns5:WithinOneYear2023-12-3104257718ns5:WithinOneYear2022-12-3104257718ns5:BetweenOneFiveYears2023-12-3104257718ns5:BetweenOneFiveYears2022-12-3104257718ns5:AllPeriods2023-12-3104257718ns5:AllPeriods2022-12-31042577181ns10:Director12022-12-31042577181ns10:Director12021-12-31042577181ns10:Director12023-01-012023-12-31042577181ns10:Director12022-01-012022-12-31042577181ns10:Director12023-12-31042577181ns10:Director12022-12-31
REGISTERED NUMBER: 04257718 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CAPITAL STAFFING SERVICES LTD

CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,447 163,507
Tangible assets 5 25,930 31,651
Investments 6 - -
179,377 195,158

CURRENT ASSETS
Debtors 7 1,826,924 1,634,940
Cash at bank and in hand 52,697 50,698
1,879,621 1,685,638
CREDITORS
Amounts falling due within one year 8 1,881,602 1,702,532
NET CURRENT LIABILITIES (1,981 ) (16,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,396

178,264

PROVISIONS FOR LIABILITIES 6,483 7,913
NET ASSETS 170,913 170,351

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,813 170,251
170,913 170,351

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.

CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





G J McHugh - Director


CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

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


1. STATUTORY INFORMATION

Capital Staffing Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04257718

Registered office: 53 Tanner Street
London
SE1 3PL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

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


2. ACCOUNTING POLICIES - continued
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.

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 year was 116 (2022 - 111 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 191,957
AMORTISATION
At 1 January 2023 28,450
Charge for year 10,060
At 31 December 2023 38,510
NET BOOK VALUE
At 31 December 2023 153,447
At 31 December 2022 163,507

CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 64,337 50,533 17,797 132,667
Additions - 833 1,219 2,052
At 31 December 2023 64,337 51,366 19,016 134,719
DEPRECIATION
At 1 January 2023 55,309 36,881 8,826 101,016
Charge for year 1,806 2,839 3,128 7,773
At 31 December 2023 57,115 39,720 11,954 108,789
NET BOOK VALUE
At 31 December 2023 7,222 11,646 7,062 25,930
At 31 December 2022 9,028 13,652 8,971 31,651

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
PROVISIONS
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,182,877 1,229,209
Other debtors 644,047 405,731
1,826,924 1,634,940

CAPITAL STAFFING SERVICES LTD (REGISTERED NUMBER: 04257718)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,511 53,000
Taxation and social security 414,967 301,486
Other creditors 1,399,124 1,348,046
1,881,602 1,702,532

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 89,656 64,656
Between one and five years 276,078 40,733
365,734 105,389

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice finance facility 780,984 898,745

The amounts due on the invoice finance facility are secured by a fixed and floating charge over all of the company's assets.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
G J McHugh
Balance outstanding at start of year 63,751 65,570
Amounts advanced 1,250 -
Amounts repaid (12,000 ) (1,819 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,001 63,751

12. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts due from a company under common control of £14,129 (2022: £28,823) were included in other debtors. No interest has been charged in respect of this loan.