Registered number
08342005
L & G Recruitment Limited
Filleted Accounts
31 March 2024
L & G Recruitment Limited
Registered number: 08342005
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 63,045 97,629
Debtors 4 457,546 382,734
Cash at bank and in hand 7,206 32,136
527,797 512,499
Creditors: amounts falling due within one year 5 4,973 (32,941)
Net current assets 532,770 479,558
Total assets less current liabilities 532,770 479,558
Creditors: amounts falling due after more than one year 6 (66,675) (96,675)
Net assets 466,095 382,883
Capital and reserves
Called up share capital 100 100
Profit and loss account 465,995 382,783
Shareholders' funds 466,095 382,883
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Srinivasa Rao Anne
Director
Approved by the board on 10 July 2024
L & G Recruitment Limited
Notes to the Accounts
for the year ended 31 March 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:
Fixtures, fittings, tools and equipment 33.3% Staright line
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 840
At 31 March 2024 840
Depreciation
At 1 April 2023 840
At 31 March 2024 840
Net book value
At 31 March 2024 -
4 Debtors 2024 2023
£ £
Other debtors -Related Party 150,100 222,700
Other debtors 307,446 160,034
457,546 382,734
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 28 -
Trade creditors 10,414 -
Director loan (127,166) 1,000
Corporation tax 40,963 23,724
Other taxes and social security costs (13,174) 1,875
Other creditors 83,962 6,342
(4,973) 32,941
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 66,675 96,675
7 Other information
L & G Recruitment Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vyse Terrace
Branston Court
Branston Street
Birmingham
B18 6BA
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