Design Recruitment Services Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10436016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

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

28,543

4,185

Investments

5

524,621

445,132

553,164

449,317

CURRENT ASSETS

Debtors

6

310,776

124,257

Cash at bank and in hand

184,037

45,624

494,813

169,881

CREDITORS

Amounts falling due within one year

7

235,111

108,456

NET CURRENT ASSETS

259,702

61,425

TOTAL ASSETS LESS CURRENT LIABILITIES

812,866

510,742

PROVISIONS FOR LIABILITIES

5,423

795

NET ASSETS

807,443

509,947

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

807,343

509,847

807,443

509,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 5 June 2023 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 as modified by the revaluation of certain assets.

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.

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 9 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

12,211

Additions

27,390

At 31 October 2022

39,601

DEPRECIATION

At 1 November 2021

8,026

Charge for year

3,032

At 31 October 2022

11,058

NET BOOK VALUE

At 31 October 2022

28,543

At 31 October 2021

4,185

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 November 2021

445,132

Additions

110,000

Revaluations

(30,511

)

At 31 October 2022

524,621

NET BOOK VALUE

At 31 October 2022

524,621

At 31 October 2021

445,132

Cost or valuation at 31 October 2022 is represented by:

Other

investments

£

Valuation in 2022

(30,511

)

Cost

555,132

524,621

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

270,439

104,666

Other debtors

40,337

19,591

310,776

124,257

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

19,926

6,345

Taxation and social security

207,464

95,573

Other creditors

7,721

6,538

235,111

108,456

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R A J Grindley.