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REGISTERED NUMBER: 01259594 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Randstad Limited

Randstad Limited (Registered number: 01259594)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Randstad Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Dowd
J E Dowd





SECRETARY: J E Dowd





REGISTERED OFFICE: 37 Crow Hall Road
Cramlington
Northumberland
NE23 1WH





REGISTERED NUMBER: 01259594 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Randstad Limited (Registered number: 01259594)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,276,753 1,299,766

CURRENT ASSETS
Stocks 5 771,148 879,596
Debtors 6 650,533 632,247
Cash at bank and in hand 1,863,964 1,892,012
3,285,645 3,403,855
CREDITORS
Amounts falling due within one year 7 514,373 667,955
NET CURRENT ASSETS 2,771,272 2,735,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,048,025

4,035,666

CAPITAL AND RESERVES
Called up share capital 8,820 8,820
Capital redemption reserve 9,180 9,180
Retained earnings 4,030,025 4,017,666
SHAREHOLDERS' FUNDS 4,048,025 4,035,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Randstad Limited (Registered number: 01259594)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




P Dowd - Director



J E Dowd - Director


Randstad Limited (Registered number: 01259594)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

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

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% - 33% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.


Randstad Limited (Registered number: 01259594)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 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.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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 30 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 June 2023 1,432,979 58,414 100,540
Additions - - 15,017
Disposals - - (8,416 )
At 31 May 2024 1,432,979 58,414 107,141
DEPRECIATION
At 1 June 2023 383,514 45,221 95,329
Charge for year 28,660 5,345 2,052
Eliminated on disposal - - (8,416 )
At 31 May 2024 412,174 50,566 88,965
NET BOOK VALUE
At 31 May 2024 1,020,805 7,848 18,176
At 31 May 2023 1,049,465 13,193 5,211

Randstad Limited (Registered number: 01259594)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 June 2023 326,325 66,493 1,984,751
Additions 69,500 3,982 88,499
Disposals (11,120 ) (17,951 ) (37,487 )
At 31 May 2024 384,705 52,524 2,035,763
DEPRECIATION
At 1 June 2023 111,459 49,462 684,985
Charge for year 66,135 9,320 111,512
Eliminated on disposal (11,120 ) (17,951 ) (37,487 )
At 31 May 2024 166,474 40,831 759,010
NET BOOK VALUE
At 31 May 2024 218,231 11,693 1,276,753
At 31 May 2023 214,866 17,031 1,299,766

5. STOCKS
31.5.24 31.5.23
£ £
Finished goods 771,148 879,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 522,936 554,953
Prepayments 127,597 77,294
650,533 632,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade creditors 163,466 228,356
Tax 8,081 -
Social security and other taxes 104,945 19,746
VAT 99,993 97,241
Other creditors 2,245 -
Accruals and deferred income 12,170 322,612
Accrued expenses 123,473 -
514,373 667,955

Randstad Limited (Registered number: 01259594)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Lloyds Bank plc hold a first legal charge over commercial freehold property known as Randstad House, 37 Crow Hall Road, Nelson Park East, Cramlington, NE23 1WH dated 11th May 2012 and an unlimited debenture dated 15th September 2011 incorporating a fixed and floating charge.

Randstad Limited

Report of the Accountants to the Directors of
Randstad Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


29 October 2024