PSI Global Specialist Recruitment Limite - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10837734 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

PSI Global Specialist Recruitment

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D A De Livio

REGISTERED OFFICE:

Unit 9 Courtyard 31

Pontefract Road

Normanton Industrial Estate

Wakefield

West Yorkshire

WF6 1RN

REGISTERED NUMBER:

10837734 (England and Wales)

ACCOUNTANTS:

SPi Accountancy LLP

Unit 10 Tiger Court

Kings Business Park

Knowsley

Liverpool

Merseyside

L34 1BH

FIXED ASSETS

Intangible assets

4

27,000

28,500

Tangible assets

5

10,380

12,212

37,380

40,712

CURRENT ASSETS

Debtors

6

1,483,139

233,458

Cash at bank

99,156

3,954

1,582,295

237,412

CREDITORS

Amounts falling due within one year

7

1,690,462

267,900

NET CURRENT LIABILITIES

(108,167

)

(30,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(70,787

)

10,224

CREDITORS

Amounts falling due after more than one year

8

-

7,918

NET (LIABILITIES)/ASSETS

(70,787

)

2,306

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(70,887

)

2,206

SHAREHOLDERS' FUNDS

(70,787

)

2,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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

The financial statements were approved by the director on 31 December 2019 and were signed by:

Mr D A De Livio - Director

1.	STATUTORY INFORMATION

PSI Global Specialist Recruitment 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.

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.

Fixtures and fittings

-

15% on reducing balance

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 6 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

30,000

AMORTISATION

At 1 April 2018

1,500

Charge for year

1,500

At 31 March 2019

3,000

NET BOOK VALUE

At 31 March 2019

27,000

At 31 March 2018

28,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2018

and 31 March 2019

14,367

DEPRECIATION

At 1 April 2018

2,155

Charge for year

1,832

At 31 March 2019

3,987

NET BOOK VALUE

At 31 March 2019

10,380

At 31 March 2018

12,212

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,410,761

212,066

Other debtors

72,378

21,392

1,483,139

233,458

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

1,033,965

172,172

Hire purchase contracts

-

4,319

Trade creditors

597,165

22,940

Taxation and social security

4,152

15,141

Other creditors

55,180

53,328

1,690,462

267,900

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

-

7,918