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REGISTERED NUMBER: 08344267 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Sl Recruitment Solutions Ltd.

Sl Recruitment Solutions Ltd. (Registered number: 08344267)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Sl Recruitment Solutions Ltd. (Registered number: 08344267)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 2,045,993 2,053,869
2,045,993 2,053,869

CURRENT ASSETS
Debtors 6 233,864 173,660
Cash at bank and in hand 2,782 24,411
236,646 198,071
CREDITORS
Amounts falling due within one year 7 592,537 453,401
NET CURRENT LIABILITIES (355,891 ) (255,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,690,102

1,798,539

CREDITORS
Amounts falling due after more than one year 8 873,653 976,268
NET ASSETS 816,449 822,271

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 678,544 678,544
Retained earnings 137,903 143,725
SHAREHOLDERS' FUNDS 816,449 822,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sl Recruitment Solutions Ltd. (Registered number: 08344267)

Statement of Financial Position - continued
31 January 2024


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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr Tejwant Singh Karir - Director


Sl Recruitment Solutions Ltd. (Registered number: 08344267)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sl Recruitment Solutions 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: 08344267

Registered office: Unit B, Thames House Waterside Drive
Langley
Slough
SL3 6EZ

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.


Sl Recruitment Solutions Ltd. (Registered number: 08344267)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 72,000
AMORTISATION
At 1 February 2023
and 31 January 2024 72,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 2,022,368 84,798 27,184 2,134,350
DEPRECIATION
At 1 February 2023 - 59,978 20,503 80,481
Charge for year - 6,205 1,671 7,876
At 31 January 2024 - 66,183 22,174 88,357
NET BOOK VALUE
At 31 January 2024 2,022,368 18,615 5,010 2,045,993
At 31 January 2023 2,022,368 24,820 6,681 2,053,869

Sl Recruitment Solutions Ltd. (Registered number: 08344267)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 138,833 96,816
Other debtors 95,031 76,844
233,864 173,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 106,448 80,168
Trade creditors 176,208 78,544
Taxation and social security 36,036 80,680
Other creditors 273,845 214,009
592,537 453,401

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 873,653 976,268

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 678,544