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Unaudited Financial Statements for the Year Ended 31 May 2024

for

Target Recruitment Solutions (Scotland)
Limited

Target Recruitment Solutions (Scotland)
Limited (Registered number: SC440642)






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


Target Recruitment Solutions (Scotland)
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: K Walsh
Miss B Walsh
K Walsh
L Walsh





REGISTERED OFFICE: 15 Booth Place
Falkirk
FK1 1BA





REGISTERED NUMBER: SC440642 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Target Recruitment Solutions (Scotland)
Limited (Registered number: SC440642)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,516 47,043

CURRENT ASSETS
Debtors 5 262,678 354,793
Cash at bank 111,175 39,755
373,853 394,548
CREDITORS
Amounts falling due within one year 6 104,206 120,821
NET CURRENT ASSETS 269,647 273,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,163

320,770

CREDITORS
Amounts falling due after more than one year 7 1,192 4,055
NET ASSETS 310,971 316,715

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 310,961 316,705
SHAREHOLDERS' FUNDS 310,971 316,715

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.

Target Recruitment Solutions (Scotland)
Limited (Registered number: SC440642)

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 24 July 2024 and were signed on its behalf by:





K Walsh - Director


Target Recruitment Solutions (Scotland)
Limited (Registered number: SC440642)

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

1. STATUTORY INFORMATION

Target Recruitment Solutions (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 5% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance and 20% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Target Recruitment Solutions (Scotland)
Limited (Registered number: SC440642)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 43 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 57,863 23,296 81,159
DEPRECIATION
At 1 June 2023 17,358 16,758 34,116
Charge for year 2,893 1,634 4,527
At 31 May 2024 20,251 18,392 38,643
NET BOOK VALUE
At 31 May 2024 37,612 4,904 42,516
At 31 May 2023 40,505 6,538 47,043

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 15,498
DEPRECIATION
At 1 June 2023 8,960
Charge for year 1,634
At 31 May 2024 10,594
NET BOOK VALUE
At 31 May 2024 4,904
At 31 May 2023 6,538

Target Recruitment Solutions (Scotland)
Limited (Registered number: SC440642)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 191,143 226,637
Other debtors 71,535 128,156
262,678 354,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 2,862 2,862
Trade creditors 192 829
Taxation and social security 70,076 82,412
Other creditors 31,076 34,718
104,206 120,821

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 1,192 4,055

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary 'A' 1 8 8
1 Ordinary 'B' 1 1 1
1 Ordinary 'C' 1 1 1
10 10