Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 31 December 2023 31 December 2023 11568375 Mr Gareth Allen Mr Phillip Champion iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11568375 2023-02-28 11568375 2023-12-31 11568375 2023-03-01 2023-12-31 11568375 frs-core:CurrentFinancialInstruments 2023-12-31 11568375 frs-core:Non-currentFinancialInstruments 2023-12-31 11568375 frs-core:ComputerEquipment 2023-12-31 11568375 frs-core:ComputerEquipment 2023-03-01 2023-12-31 11568375 frs-core:ComputerEquipment 2023-02-28 11568375 frs-core:FurnitureFittings 2023-12-31 11568375 frs-core:FurnitureFittings 2023-03-01 2023-12-31 11568375 frs-core:FurnitureFittings 2023-02-28 11568375 frs-core:ShareCapital 2023-12-31 11568375 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11568375 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2023-12-31 11568375 frs-bus:FilletedAccounts 2023-03-01 2023-12-31 11568375 frs-bus:SmallEntities 2023-03-01 2023-12-31 11568375 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2023-12-31 11568375 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2023-12-31 11568375 frs-bus:Director1 2023-03-01 2023-12-31 11568375 frs-bus:Director1 2023-02-28 11568375 frs-bus:Director1 2023-12-31 11568375 frs-bus:Director2 2023-03-01 2023-12-31 11568375 frs-core:CurrentFinancialInstruments 3 2023-12-31 11568375 frs-core:CurrentFinancialInstruments 4 2023-12-31 11568375 frs-core:Non-currentFinancialInstruments 4 2023-12-31 11568375 frs-core:CurrentFinancialInstruments 5 2023-12-31 11568375 frs-countries:EnglandWales 2023-03-01 2023-12-31 11568375 2022-02-28 11568375 2023-02-28 11568375 2022-03-01 2023-02-28 11568375 frs-core:CurrentFinancialInstruments 2023-02-28 11568375 frs-core:Non-currentFinancialInstruments 2023-02-28 11568375 frs-core:ShareCapital 2023-02-28 11568375 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11568375 frs-core:CurrentFinancialInstruments 1 2023-02-28 11568375 frs-core:CurrentFinancialInstruments 3 2023-02-28 11568375 frs-core:CurrentFinancialInstruments 4 2023-02-28 11568375 frs-core:Non-currentFinancialInstruments 4 2023-02-28 11568375 frs-core:CurrentFinancialInstruments 5 2023-02-28
Registered number: 11568375
Superior Recruitment Group Limited
Unaudited Financial Statements
For the Period 1 March 2023 to 31 December 2023
1-2-1 Accountancy (UK) Ltd
5 Watt House
Second Avenue
Pensnett Trading Estate
Kingswinford
DY6 7YD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11568375
31 December 2023 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,536 15,256
11,536 15,256
CURRENT ASSETS
Debtors 5 1,564,476 1,266,302
Cash at bank and in hand 23,701 40,144
1,588,177 1,306,446
Creditors: Amounts Falling Due Within One Year 6 (1,632,874 ) (1,173,330 )
NET CURRENT ASSETS (LIABILITIES) (44,697 ) 133,116
TOTAL ASSETS LESS CURRENT LIABILITIES (33,161 ) 148,372
Creditors: Amounts Falling Due After More Than One Year 7 (343,870 ) (350,833 )
NET LIABILITIES (377,031 ) (202,461 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (377,033 ) (202,463 )
SHAREHOLDERS' FUNDS (377,031) (202,461)
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Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Allen
Director
19 June 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Superior Recruitment Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11568375 . The registered office is Jupiter Centre, Floor 2, Wearfield Enterprise Park East, Sunderland, SR5 2TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% REDUCING BALANCE
Computer Equipment 33% ON COST
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 13 (2023: 6)
13 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 17,187 36,369 53,556
As at 31 December 2023 17,187 36,369 53,556
Depreciation
As at 1 March 2023 7,080 31,220 38,300
Provided during the period 2,021 1,699 3,720
As at 31 December 2023 9,101 32,919 42,020
Net Book Value
As at 31 December 2023 8,086 3,450 11,536
As at 1 March 2023 10,107 5,149 15,256
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5. Debtors
31 December 2023 28 February 2023
£ £
Due within one year
Trade debtors 1,494,128 1,192,696
Prepayments and accrued income 16,509 42,110
Other debtors 49,969 26,697
Directors' loan accounts 3,870 4,799
1,564,476 1,266,302
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 28 February 2023
£ £
Trade creditors 47,197 94,251
Bank loans and overdrafts - 11
Other taxes and social security 143,304 99,327
VAT 371,202 253,390
Net wages 250 -
Other creditors 1,051,244 610,060
Other creditors (1) - 8,536
Other creditors (3) 10,140 -
Other creditors (4) 8,435 7,043
Other creditors (5) (137 ) -
Accruals and deferred income 1,239 100,007
Directors' loan accounts - 705
1,632,874 1,173,330
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 28 February 2023
£ £
Other creditors 313,592 313,592
Other creditors (4) 30,278 37,241
343,870 350,833
8. Share Capital
31 December 2023 28 February 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Gareth Allen 1,724 3,075 - - 4,799
The above loan is unsecured, interest free and repayable on demand.
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