Registered number
13228420
Selectus Recruitment Solutions Limited
Filleted Accounts
28 February 2024
Selectus Recruitment Solutions Limited
Registered number: 13228420
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 822 1,096
Current assets
Debtors 4 79,200 91,403
Cash at bank and in hand 223,902 133,408
303,102 224,811
Creditors: amounts falling due within one year 5 (109,224) (101,759)
Net current assets 193,878 123,052
Net assets 194,700 124,148
Capital and reserves
Called up share capital 100 100
Profit and loss account 194,600 124,048
Shareholder's funds 194,700 124,148
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Davide Mele
Director
Approved by the board on 27 November 2024
Selectus Recruitment Solutions Limited
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 9
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2023 1,950
At 28 February 2024 1,950
Depreciation
At 1 March 2023 854
Charge for the year 274
At 28 February 2024 1,128
Net book value
At 28 February 2024 822
At 28 February 2023 1,096
4 Debtors 2024 2023
£ £
Trade debtors 79,200 91,403
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,006 8,038
Taxation and social security costs 95,606 92,031
Other creditors 1,612 1,690
109,224 101,759
6 Other information
Selectus Recruitment Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 83
Clarence Gate Gardens
Glentworth Street
Emgland
NW1 6QR
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