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REGISTERED NUMBER: 02683801 (England and Wales)










Financial Statements

for the Year Ended 30 April 2024

for

Resourcebank Recruitment Ltd.

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Resourcebank Recruitment Ltd.

Company Information
for the Year Ended 30 April 2024







Director: Mr R J Pearson





Secretary: Ms S Kaufman





Registered office: RBR House
Hawksworth Road
Central Park
Telford
TF2 9TU





Registered number: 02683801 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Resourcebank Recruitment Ltd.


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Resourcebank Recruitment Ltd. for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Resourcebank Recruitment Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Resourcebank Recruitment Ltd. and state those matters that we have agreed to state to the director of Resourcebank Recruitment Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Resourcebank Recruitment Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Resourcebank Recruitment Ltd.. You consider that Resourcebank Recruitment Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Resourcebank Recruitment Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


11 October 2024

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 142,683 167,794
Investment property 5 462,989 227,104
605,672 394,898

Current assets
Stocks 2,750 2,750
Debtors 6 952,281 996,539
Cash at bank - 279,786
955,031 1,279,075
Creditors
Amounts falling due within one year 7 840,559 922,450
Net current assets 114,472 356,625
Total assets less current liabilities 720,144 751,523

Creditors
Amounts falling due after more than one
year

8

432,686

215,423
Net assets 287,458 536,100

Capital and reserves
Called up share capital 9 3,720 3,720
Share premium 10 29,960 29,960
Revaluation reserve 10 109,000 109,000
Capital redemption reserve 10 280 280
Retained earnings 10 144,498 393,140
Shareholders' funds 287,458 536,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Balance Sheet - continued
30 April 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 director and authorised for issue on 11 October 2024 and were signed by:





Mr R J Pearson - Director


Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Resourcebank 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.

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 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.
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

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

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 76 (2023 - 81 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 May 2023 464,862 102,415 567,277
Additions 13,822 - 13,822
At 30 April 2024 478,684 102,415 581,099
Depreciation
At 1 May 2023 383,431 16,052 399,483
Charge for year 27,824 11,109 38,933
At 30 April 2024 411,255 27,161 438,416
Net book value
At 30 April 2024 67,429 75,254 142,683
At 30 April 2023 81,431 86,363 167,794

5. INVESTMENT PROPERTY
Total
£
Fair value
At 1 May 2023 227,104
Additions 235,885
At 30 April 2024 462,989
Net book value
At 30 April 2024 462,989
At 30 April 2023 227,104

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 414,580 541,521
Other debtors 443,791 341,958
Directors' current accounts 16,839 -
Prepayments and accrued income 77,071 113,060
952,281 996,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 195,126 50,400
Trade creditors 156,359 190,453
Corporation tax - 112,269
Social security and other taxes 34,093 61,587
VAT 146,927 209,112
Other creditors 11,383 15,381
Directors' current accounts - 1,463
Accruals and deferred income 296,671 281,785
840,559 922,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Loans - 1-2 years 144,000 122,414
Loans more 2 years 288,686 93,009
432,686 215,423

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loans more 2 years 288,686 93,009

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3,440 Ordinary A shares 1 3,440 3,440
280 Ordinary B shares 1 280 280
3,720 3,720

Resourcebank Recruitment Ltd. (Registered number: 02683801)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£ £ £ £ £

At 1 May 2023 393,140 29,960 109,000 280 532,380
Deficit for the year (154,646 ) (154,646 )
Dividends (93,996 ) (93,996 )
At 30 April 2024 144,498 29,960 109,000 280 283,738

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J Pearson.