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REGISTERED NUMBER: 07211128 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

PRS RECRUITMENT SOLUTIONS LIMITED

PRS RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07211128)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PRS RECRUITMENT SOLUTIONS LIMITED

Company Information
for the year ended 31st March 2024







DIRECTORS: G L Parker
D Hinton





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 07211128 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

PRS RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07211128)

Statement of Financial Position
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,831 1

CURRENT ASSETS
Debtors 5 925,552 827,158
Cash at bank and in hand 136,890 168,919
1,062,442 996,077
CREDITORS
Amounts falling due within one year 6 665,933 515,813
NET CURRENT ASSETS 396,509 480,264
TOTAL ASSETS LESS CURRENT LIABILITIES 398,340 480,265

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 397,240 479,165
SHAREHOLDERS' FUNDS 398,340 480,265

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 4th December 2024 and were signed on its behalf by:




G L Parker - Director


PRS RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07211128)

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

1. STATUTORY INFORMATION

PRS Recruitment Solutions 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.

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.

The company continues to trade profitability and is expected to keep generating positive cash flows for the foreseeable future. The directors therefore have adopted the going concern basis of accounting in preparing the annual financial statements.

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

Turnover represents net invoiced sales of temporary labour supplies, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


PRS RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07211128)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 250 (2023 - 250 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Equipment
£   
COST
At 1st April 2023 4,128
Additions 1,938
Disposals (2,996 )
At 31st March 2024 3,070
DEPRECIATION
At 1st April 2023 4,127
Charge for year 108
Eliminated on disposal (2,996 )
At 31st March 2024 1,239
NET BOOK VALUE
At 31st March 2024 1,831
At 31st March 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 673,471 429,950
Other debtors 252,081 397,208
925,552 827,158

PRS RECRUITMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07211128)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 9,046 4,131
Tax 41,929 37,467
Social security and other taxes 86,007 60,334
VAT 260,336 223,783
Directors' loan accounts 14,297 7,414
Sundry creditors and accruals 254,318 182,684
665,933 515,813

7. ULTIMATE CONTROLLING PARTY

There is no one controlling party.