VISION RECRUITMENT GROUP LIMITED

Company Registration Number:
10293244 (England and Wales)

Unaudited abridged accounts for the year ended 30 January 2024

Period of accounts

Start date: 01 February 2023

End date: 30 January 2024

VISION RECRUITMENT GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 January 2024

Balance sheet
Notes

VISION RECRUITMENT GROUP LIMITED

Balance sheet

As at 30 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 33,337 939
Investments: 4 19,511 19,511
Total fixed assets: 52,848 20,450
Current assets
Debtors:   927,398 1,057,924
Cash at bank and in hand: 90,715 15,688
Total current assets: 1,018,113 1,073,612
Creditors: amounts falling due within one year:   (1,047,662) (1,047,467)
Net current assets (liabilities): (29,549) 26,145
Total assets less current liabilities: 23,299 46,595
Creditors: amounts falling due after more than one year:   (22,778) (24,444)
Provision for liabilities: (421) (421)
Total net assets (liabilities): 100 21,730
Capital and reserves
Called up share capital: 100 100
Profit and loss account:   21,630
Shareholders funds: 100 21,730

The notes form part of these financial statements

VISION RECRUITMENT GROUP LIMITED

Balance sheet statements

For the year ending 30 January 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 29 October 2024
and signed on behalf of the board by:

Name: Jacqueline Christine Stretch
Status: Director

The notes form part of these financial statements

VISION RECRUITMENT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

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: Fittings fixtures and equipment - 33% straight line

VISION RECRUITMENT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

2. Employees

2024 2023
Average number of employees during the period 9 9

VISION RECRUITMENT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 4,689
Additions 50,005
At 30 January 2024 54,694
Depreciation
At 01 February 2023 3,750
Charge for year 17,607
At 30 January 2024 21,357
Net book value
At 30 January 2024 33,337
At 31 January 2023 939

VISION RECRUITMENT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

4. Fixed investments

Cost At 1 February 2023 and 31 January 2024 19,511 Carrying amount At 31 January 2024 19,511 At 31 January 2023 19,511

VISION RECRUITMENT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

5. Loans to directors

As at the year end date, the director, J Stretch had an overdrawn director's loan account in the sum of £2,005 (2023: £0). Also, director, J L Weeden had an overdrawn director's loan account in the sum of £3,983 (2023: £66,845). This amounts are included in 'other debtors' due within one year. Interest is charged at 2.5% on the average loan outstanding in the year. The loans were repaid in full after the year end.

VISION RECRUITMENT GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

6. Related party transactions

Included within 'debtors' is a balance of £19,680 (2023: £59,443) owed to the company by its subsidiary undertaking. This balance is unsecured and interest free with no fixed repayment terms.