Company Registration No. 13114012 (England and Wales)
Best Staff Solutions Ltd
Unaudited accounts
for the year ended 31 January 2025
Best Staff Solutions Ltd
Unaudited accounts
Contents
Best Staff Solutions Ltd
Company Information
for the year ended 31 January 2025
Directors
Andreea Rotariu
Loredana Nitu
Company Number
13114012 (England and Wales)
Registered Office
37A The Broadway
Hornchurch
RM12 4RN
United Kingdom
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Best Staff Solutions Ltd
for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Best Staff Solutions Ltd for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Best Staff Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of Best Staff Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Best Staff Solutions Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Best Staff Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Best Staff Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Best Staff Solutions Ltd. You consider that Best Staff Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Best Staff Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Member in Practice
4 July 2025
Best Staff Solutions Ltd
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
599,512
710,891
Creditors: amounts falling due within one year
(577,301)
(882,770)
Net current assets
472,501
475,052
Total assets less current liabilities
492,380
475,052
Provisions for liabilities
Other provisions
(6,906)
(50,140)
Net assets
485,474
424,912
Profit and loss account
485,474
424,912
Shareholders' funds
485,474
424,912
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by
Loredana Nitu
Director
Company Registration No. 13114012
Best Staff Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2025
Best Staff Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13114012. The registered office is 37A The Broadway, Hornchurch, RM12 4RN, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless specified within these accounting policies and in accordance with Financial Reporting Standards 102, the Financial Reporting Standard applicable in UK and the
Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates.
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, cost incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company complied with auto-enrolment duties by assessing eligible workers and enrolling qualifying staff into a workplace pension scheme. Contributions were made in line with minimum statutory rates, and opt-out notices were processed where applicable.
Company has NOT claimed or received any Government grants in year 2024-25.
Tangible fixed assets and depreciation
Tangible assets are excluding depreciation and impairment. Depreciation will be charged in the next financial year and will be charged at the following rates in order to write off the assets over their estimated useful lives:
Best Staff Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2025
Depreciation has not been charged for the current financial year, as the fixed assets were newly acquired during the year and were not in use for the full 12-month period. Depreciation will commence from the next financial year in accordance with the accounting policy and relevant accounting standards.
The company has a factoring facility, under which client invoices are assigned to the factor in exchange for immediate working capital.
National Minimum and Living Wage Compliance
All workers, including temporary and agency staff, were monitored to ensure compliance with applicable National Minimum and National Living Wage rates throughout the year.
The company did not claim the Employment Allowance for the 2024/2025 tax year, as it was ineligible under HMRC guidelines. The business exceeded the qualifying thresholds related to employer National Insurance liability. As a result, no claim was submitted via the Employer Payment Summary (EPS), and no reduction in Class 1 National Insurance contributions was applied during the year.
Trade receivables at the year-end amounted to £450,290. The company regularly reviews receivables for impairment and makes provisions where necessary.
The accounts are presented in £ sterling.
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Tangible fixed assets
Total
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Average number of employees
During the year the average number of employees was 189 (2024: 130).