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REGISTERED NUMBER: 06853008 (England and Wales)










Unaudited Financial Statements

for the Period 1 April 2023 to 29 February 2024

for

MacBeattie Recruitment Ltd

MacBeattie Recruitment Ltd (Registered number: 06853008)






Contents of the Financial Statements
for the Period 1 April 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MacBeattie Recruitment Ltd

Company Information
for the Period 1 April 2023 to 29 February 2024







DIRECTORS: D M Burke
G R Burke





SECRETARY: D M Burke





REGISTERED OFFICE: 85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 06853008 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

MacBeattie Recruitment Ltd (Registered number: 06853008)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 268,146 340,154
Cash at bank 360 9,730
268,506 349,884
CREDITORS
Amounts falling due within one year 5 (160,390 ) (112,713 )
NET CURRENT ASSETS 108,116 237,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,116

237,171

CREDITORS
Amounts falling due after more than one year 6 (214,433 ) (235,999 )
NET (LIABILITIES)/ASSETS (106,317 ) 1,172

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 (107,317 ) 172
(106,317 ) 1,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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.

MacBeattie Recruitment Ltd (Registered number: 06853008)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





D M Burke - Director


MacBeattie Recruitment Ltd (Registered number: 06853008)

Notes to the Financial Statements
for the Period 1 April 2023 to 29 February 2024

1. STATUTORY INFORMATION

MacBeattie Recruitment Ltd 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 (£).


The principal activity of the company continued to be that of the employment placement agencies.

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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

PENSION
DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

GOING CONCERN
At the balance sheet date, liabilities exceed assets by £106,317. However the financial statement have been prepared on going concern basis as the company has the continuing support from its directors and shareholders.The directors are therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

MacBeattie Recruitment Ltd (Registered number: 06853008)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

2. ACCOUNTING POLICIES - continued

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

REPORTING PERIOD
The entity has shorten the year end by one month to 29 February 2024 and therefore the comparative amounts presented in the financial statements are not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 8 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,760 58,076
Amounts owed by associates 234,386 281,080
Other debtors 1,000 998
268,146 340,154

The director considers the carrying value of trade and other receivables approximate to their fair values.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 74,447 42,533
Taxation and social security 82,054 59,387
Other creditors 3,889 10,793
160,390 112,713

The directors consider the carrying amounts of current liabilities approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 214,433 235,999

MacBeattie Recruitment Ltd (Registered number: 06853008)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

Debenture is secured by Legal and General Assurance Society Limited via fixed & floating charge over all the property or undertaking of the company.

7. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £3,970 (2023 - £5,608).

Contributions totalling £1,245 (2023 - £1,615) were payable to fund at the balance sheet date.

9. RELATED PARTY DISCLOSURES

As at the balance sheet date included in other creditors were amounts of £2,645 (2023 - £2,000) due to the director. This loan is interest free and repayable on demand.

At the balance sheet date, included in amounts owed by associates were amounts of £234,386 (2023 - £281,080) due from Temps Online Ltd having common director and shareholder.