REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
FOR |
TEMP RECRUITMENT LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
FOR |
TEMP RECRUITMENT LTD |
TEMP RECRUITMENT LTD (REGISTERED NUMBER: 03798766) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
TEMP RECRUITMENT LTD |
COMPANY INFORMATION |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
23 Yarm Road |
Stockton on Tees |
TS18 3NJ |
TEMP RECRUITMENT LTD (REGISTERED NUMBER: 03798766) |
ABRIDGED BALANCE SHEET |
30 JUNE 2024 |
30/6/24 | 25/6/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
TEMP RECRUITMENT LTD (REGISTERED NUMBER: 03798766) |
ABRIDGED BALANCE SHEET - continued |
30 JUNE 2024 |
The financial statements were approved by the director and authorised for issue on |
TEMP RECRUITMENT LTD (REGISTERED NUMBER: 03798766) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Temp Recruitment Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Investment property |
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account. |
Taxation |
Taxation for the period 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 period 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. |
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. |
TEMP RECRUITMENT LTD (REGISTERED NUMBER: 03798766) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 26 June 2023 |
Disposals | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 26 June 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 25 June 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 26 June 2023 | 147,735 |
Transfer to ownership | (46,990 | ) |
At 30 June 2024 | 100,745 |
DEPRECIATION |
At 26 June 2023 | 51,043 |
Charge for period | 19,218 |
Transfer to ownership | (27,168 | ) |
At 30 June 2024 | 43,093 |
NET BOOK VALUE |
At 30 June 2024 | 57,652 |
At 25 June 2023 | 96,692 |
TEMP RECRUITMENT LTD (REGISTERED NUMBER: 03798766) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 26 JUNE 2023 TO 30 JUNE 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 26 June 2023 |
Additions |
Disposals | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 25 June 2023 |
6. | SECURED DEBTS |
The factoring loan is secured by a debenture in place giving a floating charge over the assets of the company. |
7. | RELATED PARTY DISCLOSURES |
During the year Temp Recruitment Ltd traded with TRL Supplies Ltd, a company of which the director of this company is also a director of. The following transactions occurred: |
Recharged subcontract labour amounting to £30,634 (2023 - £20,568) was paid in the year. |
At the year end £14,570 (2023 - £6,430) was owed by TRL Supplies Ltd. |
8. | ULTIMATE CONTROLLING PARTY |
The company was controlled throughout the current and preceding year by Mr A Ritchie. |