RAYNET RECRUITMENT AGENCY LTD

Company Registration Number:
08044128 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

RAYNET RECRUITMENT AGENCY LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

RAYNET RECRUITMENT AGENCY LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Called up share capital not paid: 1 1
Fixed assets
Tangible assets: 3 30,593 22,487
Total fixed assets: 30,593 22,487
Current assets
Debtors:   404,165 610,792
Cash at bank and in hand: 10,000
Total current assets: 414,165 610,792
Creditors: amounts falling due within one year:   (322,131) (602,228)
Net current assets (liabilities): 92,034 8,564
Total assets less current liabilities: 122,628 31,052
Creditors: amounts falling due after more than one year:   (107,479) (643)
Total net assets (liabilities): 15,149 30,409
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 15,148 30,408
Shareholders funds: 15,149 30,409

The notes form part of these financial statements

RAYNET RECRUITMENT AGENCY LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 January 2025
and signed on behalf of the board by:

Name: Annette Akuaku
Status: Director

The notes form part of these financial statements

RAYNET RECRUITMENT AGENCY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoiced value of goods supplied and services provided during the year, excluding value-added tax. Revenue is recognized when the goods or services are delivered The turnover represents amounts receivable for goods and services net of VAT and trade discounts'.

Tangible fixed assets and depreciation policy

Tangible Fixed Assets Tangible fixed assets are stated at cost, less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives as follows: Motor Vehicles –15% straight-line Annual depreciation of computer equipment is calculated at 25% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime'.

Intangible fixed assets and amortisation policy

No Intangible assets recorded - No amortisation

Valuation and information policy

'Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items. Cost includes all direct expenditure and overheads'.

RAYNET RECRUITMENT AGENCY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 20 20

RAYNET RECRUITMENT AGENCY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 22,487
Additions 37,148
Transfers (22,487)
At 30 April 2024 37,148
Depreciation
At 01 May 2023 0
Charge for year 6,555
At 30 April 2024 6,555
Net book value
At 30 April 2024 30,593
At 30 April 2023 22,487