Registered number
11368539
TRUE STAFFING SOLUTIONS LTD
Filleted Accounts
31 May 2024
TRUE STAFFING SOLUTIONS LTD
Registered number: 11368539
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,843 63,656
Current assets
Debtors 4 151,960 224,153
Cash at bank and in hand 9,534 1,986
161,494 226,139
Creditors: amounts falling due within one year 5 (125,107) (195,152)
Net current assets 36,387 30,987
Total assets less current liabilities 94,230 94,643
Creditors: amounts falling due after more than one year 6 (9,105) (23,982)
Net assets 85,125 70,661
Capital and reserves
Called up share capital 100 100
Profit and loss account 85,025 70,561
Shareholder's funds 85,125 70,661
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.
CHARLOTTE BAMPTON
Director
Approved by the board on 1 October 2024
TRUE STAFFING SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 May 2024
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 June 2023 84,115
Additions 3,000
At 31 May 2024 87,115
Depreciation
At 1 June 2023 20,459
Charge for the year 8,813
At 31 May 2024 29,272
Net book value
At 31 May 2024 57,843
At 31 May 2023 63,656
4 Debtors 2024 2023
£ £
Trade debtors 127,869 197,062
Amounts owed by group undertakings and undertakings in which the company has a participating interest 24,091 27,091
151,960 224,153
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 37,062 17,569
Corporation Tax 54,506 57,759
Other creditors 33,539 119,824
125,107 195,152
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,069 27,729
Other creditors (14,964) (3,747)
9,105 23,982
7 Controlling party
The company is wholly owned by Mr & Mrs Bampton by virtue of them owning 100% of the share capital.
8 Other information
TRUE STAFFING SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 KENMORE WAY
CLECKHEATON
BD19 3EL
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