4 false false false false false false false false false false false false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP OC339839 2023-01-01 2024-03-31 OC339839 2024-03-31 OC339839 2022-12-31 OC339839 2022-01-01 2022-12-31 OC339839 2022-12-31 OC339839 2021-12-31 OC339839 bus:Director1 2023-01-01 2024-03-31 OC339839 bus:Director2 2023-01-01 2024-03-31 OC339839 bus:Director3 2023-01-01 2024-03-31 OC339839 core:WithinOneYear 2024-03-31 OC339839 core:WithinOneYear 2022-12-31 OC339839 core:AfterOneYear 2024-03-31 OC339839 core:AfterOneYear 2022-12-31 OC339839 bus:SmallEntities 2023-01-01 2024-03-31 OC339839 bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 OC339839 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 OC339839 bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-31 OC339839 bus:FullAccounts 2023-01-01 2024-03-31
REGISTERED NUMBER: OC339839
Better Placed Interim Recruitment LLP
Filleted Unaudited Financial Statements
31 March 2024
Better Placed Interim Recruitment LLP
Statement of Financial Position
31 March 2024
31 Mar 24
31 Dec 22
Note
£
£
£
Fixed assets
Intangible assets
5
79
115
Tangible assets
6
206
300
----
----
285
415
Current assets
Debtors
7
249,344
216,159
Cash at bank and in hand
9,697
18,330
---------
---------
259,041
234,489
Creditors: amounts falling due within one year
8
246,852
209,930
---------
---------
Net current assets
12,189
24,559
--------
--------
Total assets less current liabilities
12,474
24,974
Creditors: amounts falling due after more than one year
9
12,474
24,974
--------
--------
Net liabilities
--------
--------
Represented by:
Loans and other debts due to members
Other amounts
----
----
Members' other interests
Other reserves
----
----
----
----
Total members' interests
Amounts due from members
(76,322)
(72,834)
Loans and other debts due to members
Members' other interests
--------
--------
(76,322)
(72,834)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the income statement has not been delivered.
Better Placed Interim Recruitment LLP
Statement of Financial Position (continued)
31 March 2024
For the period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 19 September 2024 , and are signed on their behalf by:
Mr S P Stephens
Mr D J Bartle
Designated Member
Designated Member
Mr A Gibson
Designated Member
Registered number: OC339839
Better Placed Interim Recruitment LLP
Notes to the Financial Statements
Period from 1 January 2023 to 31 March 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, HG3 1GY.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of services provided in the normal course of business. Turnover arising from temporary placements is recognised over the period that temporary workers are provided. The company recognises the amounts billed for the services of the temporary workers, including the remuneration costs of the temporary workers.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the income statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the income statement and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the income statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
25% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.
4.
Employee numbers
The average number of persons employed by the LLP during the period, including the members with contracts of employment, amounted to 4 (2022: 4 ).
5.
Intangible assets
Intangible asset
£
Cost
At 1 January 2023 and 31 March 2024
885
----
Amortisation
At 1 January 2023
770
Charge for the period
36
----
At 31 March 2024
806
----
Carrying amount
At 31 March 2024
79
----
At 31 December 2022
115
----
6.
Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2023 and 31 March 2024
609
609
----
----
Depreciation
At 1 January 2023
309
309
Charge for the period
94
94
----
----
At 31 March 2024
403
403
----
----
Carrying amount
At 31 March 2024
206
206
----
----
At 31 December 2022
300
300
----
----
7.
Debtors
31 Mar 24
31 Dec 22
£
£
Trade debtors
123,883
102,698
Other debtors
125,461
113,461
---------
---------
249,344
216,159
---------
---------
8. Creditors: amounts falling due within one year
31 Mar 24
31 Dec 22
£
£
Bank loans and overdrafts
25,770
44,950
Trade creditors
129,593
109,845
Social security and other taxes
7,858
10,435
Other creditors
83,631
44,700
---------
---------
246,852
209,930
---------
---------
9. Creditors: amounts falling due after more than one year
31 Mar 24
31 Dec 22
£
£
Bank loans and overdrafts
12,474
24,974
--------
--------
10.
Related party transactions
The LLP was under the control of the members throughout the year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.