GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Company Registration Number:
NI641338 (Northern Ireland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 53,711 91,115
Total fixed assets: 53,711 91,115
Current assets
Debtors:   1,471,830 1,597,970
Cash at bank and in hand: 67,351 29,387
Total current assets: 1,539,181 1,627,357
Creditors: amounts falling due within one year: 4 (1,518,986) (1,679,426)
Net current assets (liabilities): 20,195 (52,069)
Total assets less current liabilities: 73,906 39,046
Creditors: amounts falling due after more than one year:   0 (37,691)
Total net assets (liabilities): 73,906 1,355
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 73,806 1,255
Shareholders funds: 73,906 1,355

The notes form part of these financial statements

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 October 2024
and signed on behalf of the board by:

Name: Mr J Reid
Status: Director

The notes form part of these financial statements

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 271 237

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 105,026
Disposals (19,500)
At 28 February 2024 85,526
Depreciation
At 01 March 2023 13,911
Charge for year 22,730
On disposals (4,826)
At 28 February 2024 31,815
Net book value
At 28 February 2024 53,711
At 28 February 2023 91,115

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

A debenture in favor of Hitachi Capital (UK) Plc was registered at Companies House on 8 March 2021, which was satisfied post yearend. A charge in favor of Close Brothers Limited was registered at Companies House on 10 July 2023. This contains a fixed and floating charge with the floating charge covering all the property or undertaking of the company. This charge was satisfied post yearend. Following the yearend a charge in favour of Cynergy Business Finance Limited was registered at Companies House on 29 August 2024. This contains a fixed and floating charge with the floating charge covering all the property or undertaking of the company.

GEN TECH SPECIALIST RECRUITMENT SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Related party transactions

Gentech Specialist Recruitment Solutions Ltd is a 100% owned subsidiary of Gentech Holdings (N.I.) Limited, a company which is incorporated in Northern Ireland.