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REGISTERED NUMBER: 09438802 (England and Wales)








Unaudited Financial Statements for the Year Ended 31 May 2024

for

West Coast Recruitment (Preston) Limited

West Coast Recruitment (Preston) Limited (Registered number: 09438802)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


West Coast Recruitment (Preston) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P T Rawlings



REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU



REGISTERED NUMBER: 09438802 (England and Wales)



ACCOUNTANTS: Ashworth Treasure (BOC) Limited
17-19 Park Street
Lytham
Lancashire
FY8 5LU



BANKERS: Lloyds TSB plc
94 Fishergate
Preston
Lancashire
PR1 2JB

West Coast Recruitment (Preston) Limited (Registered number: 09438802)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 42,785 3,622
45,785 8,122

CURRENT ASSETS
Debtors 471,319 480,414
Cash at bank and in hand 52,768 105,770
524,087 586,184
CREDITORS
Amounts falling due within one year 448,994 425,017
NET CURRENT ASSETS 75,093 161,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,878

169,289

CREDITORS
Amounts falling due after more than one
year

(42,965

)

(17,333

)

PROVISIONS FOR LIABILITIES (10,230 ) (493 )
NET ASSETS 67,683 151,463

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,583 151,363
SHAREHOLDERS' FUNDS 67,683 151,463

West Coast Recruitment (Preston) Limited (Registered number: 09438802)

Abridged Balance Sheet - continued
31 May 2024


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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





P T Rawlings - Director


West Coast Recruitment (Preston) Limited (Registered number: 09438802)

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

1. STATUTORY INFORMATION

West Coast Recruitment (Preston) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery etc - 25% on cost and 15% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments -trade debtors, trade creditors, bank loans and directors' loans.

Bank Loans are initially measured at the present value of future payments,
discounted at a market rate of interest, and subsequently at amortised cost
using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


West Coast Recruitment (Preston) Limited (Registered number: 09438802)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 99 (2023 - 123 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 15,004
AMORTISATION
At 1 June 2023 10,504
Amortisation for year 1,500
At 31 May 2024 12,004
NET BOOK VALUE

At 31 May 2024 3,000
At 31 May 2023 4,500

West Coast Recruitment (Preston) Limited (Registered number: 09438802)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 14,208
Additions 53,090
At 31 May 2024 67,298
DEPRECIATION
At 1 June 2023 10,586
Charge for year 13,927
At 31 May 2024 24,513
NET BOOK VALUE
At 31 May 2024 42,785
At 31 May 2023 3,622

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

Totals
£   
COST
Additions 53,090
At 31 May 2024 53,090
DEPRECIATION
Charge for year 13,273
At 31 May 2024 13,273
NET BOOK VALUE
At 31 May 2024 39,817

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,471 -
Invoice financing 217,862 167,967
259,333 167,967

The bank borrowings are secured by way of a fixed and floating charge over the company's assets held by the company's bankers.

7. OTHER FINANCIAL COMMITMENTS

The company has commitments under operating leases of £24,750

West Coast Recruitment (Preston) Limited (Registered number: 09438802)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
P T Rawlings
Balance outstanding at start of year (5,062 ) (4,636 )
Amounts advanced 167,730 90,224
Amounts repaid (162,650 ) (90,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18 (5,062 )

The directors loan is repayable on demand. Interest at the official rate has been charged on the average outstanding balance.