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REGISTERED NUMBER: 10735488 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

F SQUARED RECRUITMENT LIMITED

F SQUARED RECRUITMENT LIMITED (REGISTERED NUMBER: 10735488)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F SQUARED RECRUITMENT LIMITED

Company Information
for the year ended 31 March 2024







Directors: J Flanders
A Francis





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 10735488 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

F SQUARED RECRUITMENT LIMITED (REGISTERED NUMBER: 10735488)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 50,054 12,927

Current assets
Debtors 5 535,720 546,436
Cash at bank 154,140 64,977
689,860 611,413
Creditors
Amounts falling due within one year 6 513,159 423,621
Net current assets 176,701 187,792
Total assets less current liabilities 226,755 200,719

Capital and reserves
Called up share capital 7 200 200
Retained earnings 226,555 200,519
Shareholders' funds 226,755 200,719

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





A Francis - Director


F SQUARED RECRUITMENT LIMITED (REGISTERED NUMBER: 10735488)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

F Squared Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Key source of estimation, uncertainty and judgement
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

F SQUARED RECRUITMENT LIMITED (REGISTERED NUMBER: 10735488)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
Cost
At 1 April 2023 10,309 5,927 2,849 19,085
Additions 39,777 3,686 675 44,138
At 31 March 2024 50,086 9,613 3,524 63,223
Depreciation
At 1 April 2023 1,031 3,570 1,557 6,158
Charge for year 5,008 1,511 492 7,011
At 31 March 2024 6,039 5,081 2,049 13,169
Net book value
At 31 March 2024 44,047 4,532 1,475 50,054
At 31 March 2023 9,278 2,357 1,292 12,927

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 140,832 81,876
Other debtors 350,000 425,000
Prepayments and accrued income 44,888 39,560
535,720 546,436

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 14,250 -
Tax 123,055 81,655
Social security and other taxes 13,199 3,610
VAT 46,659 39,263
Other creditors 7,416 15,970
Directors' current accounts 91,080 61,223
Accrued expenses 217,500 221,900
513,159 423,621

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
200 Ordinary 200 200 200