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REGISTERED NUMBER: 04178938 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PSL RECRUITMENT SERVICES LIMITED

PSL RECRUITMENT SERVICES LIMITED (REGISTERED NUMBER: 04178938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSL RECRUITMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Teper





SECRETARY: R Sowah





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 04178938 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

PSL RECRUITMENT SERVICES LIMITED (REGISTERED NUMBER: 04178938)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,079 44,579

CURRENT ASSETS
Debtors 5 317,940 255,944
Cash at bank and in hand 19,828 6,159
337,768 262,103
CREDITORS
Amounts falling due within one year 6 189,077 74,173
NET CURRENT ASSETS 148,691 187,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,770

232,509

CREDITORS
Amounts falling due after more than
one year

7

61,411

-
NET ASSETS 182,359 232,509

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 182,358 232,508
SHAREHOLDERS' FUNDS 182,359 232,509

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 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.

PSL RECRUITMENT SERVICES LIMITED (REGISTERED NUMBER: 04178938)

BALANCE SHEET - continued
31 MARCH 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 17 December 2024 and were signed by:





A Teper - Director


PSL RECRUITMENT SERVICES LIMITED (REGISTERED NUMBER: 04178938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PSL Recruitment Services 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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.

PSL RECRUITMENT SERVICES LIMITED (REGISTERED NUMBER: 04178938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 27,663 43,314 29,910 100,887
Additions - 87,030 - 87,030
Disposals - (34,114 ) - (34,114 )
At 31 March 2024 27,663 96,230 29,910 153,803
DEPRECIATION
At 1 April 2023 13,232 13,464 29,612 56,308
Charge for year 2,766 10,733 288 13,787
Eliminated on disposal - (11,371 ) - (11,371 )
At 31 March 2024 15,998 12,826 29,900 58,724
NET BOOK VALUE
At 31 March 2024 11,665 83,404 10 95,079
At 31 March 2023 14,431 29,850 298 44,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 302,815 238,908
Other debtors 14,103 13,025
Prepayments 1,022 4,011
317,940 255,944

PSL RECRUITMENT SERVICES LIMITED (REGISTERED NUMBER: 04178938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,268 38,073
Other loans 6,756 -
Tax - 566
Social security and other taxes 26,248 10,604
Other creditors 148 -
Directors' current accounts 113,408 11,529
Accrued expenses 14,249 13,401
189,077 74,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 6,756 -
Other loans - 2-5 years 54,655 -
61,411 -

8. RESERVES
Retained
earnings
£   

At 1 April 2023 232,508
Deficit for the year (50,150 )
At 31 March 2024 182,358