AMB Recruitment Group Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06223308 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 April 2023

for

AMB Recruitment Group Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J B Holme

M J Holme

A Siebert

A Booth

SECRETARY:

REGISTERED OFFICE:

The Studio, Hatherlow House

Hatherlow

Romiley

Stockport

Cheshire

SK6 3DY

REGISTERED NUMBER:

06223308 (England and Wales)

ACCOUNTANTS:

TF & Partners Ltd t/a Hatherlows

Chartered Accountants

The Studio, Hatherlow House

Hatherlow

Romiley

Stockport

Cheshire

SK6 3DY

FIXED ASSETS

Tangible assets

5

3,182

2,469

CURRENT ASSETS

Debtors

6

789,742

557,295

Cash at bank and in hand

106,433

32,843

896,175

590,138

CREDITORS

Amounts falling due within one year

7

816,815

537,755

NET CURRENT ASSETS

79,360

52,383

TOTAL ASSETS LESS CURRENT LIABILITIES

82,542

54,852

CREDITORS

Amounts falling due after more than one year

8

29,842

33,139

NET ASSETS

52,700

21,713

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

52,400

21,413

SHAREHOLDERS' FUNDS

52,700

21,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 August 2023 and were signed on its behalf by:

J B Holme - Director

M J Holme - Director

1.	STATUTORY INFORMATION

AMB Recruitment Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Fixtures and fittings

-

50% on reducing balance

Computer equipment

-

50% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2022

3,175

4,666

7,841

Additions

939

1,109

2,048

At 30 April 2023

4,114

5,775

9,889

DEPRECIATION

At 1 May 2022

2,812

2,560

5,372

Charge for year

571

764

1,335

At 30 April 2023

3,383

3,324

6,707

NET BOOK VALUE

At 30 April 2023

731

2,451

3,182

At 30 April 2022

363

2,106

2,469

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

659,574

545,411

Other debtors

130,168

11,884

789,742

557,295

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

4,000

8,000

Trade creditors

258,766

12,301

Taxation and social security

51,987

65,423

Other creditors

502,062

452,031

816,815

537,755

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

29,842

33,139

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Other creditors

492,918

434,156

Other creditors are secured by a charge dated 25 February 2021.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023

2022

£

£

J B Holme

Balance outstanding at start of year

(9,285

)

-

Amounts advanced

9,285

-

Amounts repaid

-

(9,285

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(9,285

)

M J Holme

Balance outstanding at start of year

-

-

Amounts advanced

60,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

60,000

-

11.	POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 8 August 2023.