Design Recruitment Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10436016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

DESIGN RECRUITMENT SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A J Grindley

REGISTERED OFFICE:

Cargoworks 1-2 Hatfields

Waterloo

London

SE1 9PG

REGISTERED NUMBER:

10436016 (England and Wales)

ACCOUNTANTS:

Total Back Office Solutions Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

4

898

2,826

Investments

5

40,000

-

40,898

2,826

CURRENT ASSETS

Debtors

6

121,693

173,209

Cash at bank and in hand

322,475

332,622

444,168

505,831

CREDITORS

Amounts falling due within one year

7

104,305

130,500

NET CURRENT ASSETS

339,863

375,331

TOTAL ASSETS LESS CURRENT LIABILITIES

380,761

378,157

PROVISIONS FOR LIABILITIES

171

537

NET ASSETS

380,590

377,620

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

380,490

377,520

380,590

377,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 and authorised for issue on 30 July 2021 and were signed by:

R A J Grindley - Director

1.	STATUTORY INFORMATION

Design Recruitment Services Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Government grants

The accounting policy adopted for grants is the accrual model.

Taxation

Taxation for the year 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 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.

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 5 (2019 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

7,582

Additions

190

At 31 October 2020

7,772

DEPRECIATION

At 1 November 2019

4,756

Charge for year

2,118

At 31 October 2020

6,874

NET BOOK VALUE

At 31 October 2020

898

At 31 October 2019

2,826

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

40,000

At 31 October 2020

40,000

NET BOOK VALUE

At 31 October 2020

40,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

28,663

151,499

Other debtors

93,030

21,710

121,693

173,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

26,396

14,309

Taxation and social security

74,864

105,651

Other creditors

3,045

10,540

104,305

130,500

8.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount owed by R Grindley to the company of £75,953 (2019: £627). This amount was repaid within 9 months of the year end.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R A J Grindley.