Registration number:
Webrecruit Holdings Limited
for the Period from 31 December 2021 to 31 December 2022
Webrecruit Holdings Limited
Contents
Company Information |
|
Strategic Report |
|
Director's Report |
|
Statement of Director's Responsibilities |
|
Accountants' Report |
|
Consolidated Profit and Loss Account |
|
Consolidated Statement of Comprehensive Income |
|
Consolidated Balance Sheet |
|
Balance Sheet |
|
Consolidated Statement of Changes in Equity |
|
Statement of Changes in Equity |
|
Consolidated Statement of Cash Flows |
|
Statement of Cash Flows |
|
Notes to the Financial Statements |
Webrecruit Holdings Limited
Company Information
Chairman |
Mr James Gray |
Director |
Mr David Geraint Jones |
Company secretary |
Mrs Katrin Gray |
Registered office |
|
Webrecruit Holdings Limited
Strategic Report for the period from 31 December 2021 to 31 December 2022
The director presents his strategic report for the period from 31 December 2021 to 31 December 2022.
Principal activity
The principal activity of the group is the development, operation and supply of digital recruitment technology solutions delivered through our smart, AI driven, technology platform.
Fair review of the business
In the year to 30 December 2022, the Company’s turnover grew for the second year in succession following the downturn experienced in 2020 as a result of the Covid-19 pandemic. Revenues grew in 2022 through a combination of improved market conditions as well as through a series of major public sector and higher education tender wins, the latter being an area that Webrecruit has developed a high degree of expertise. Webrecruit’s leadership team embarked on a strategic review of the business to plan for significant growth, which is due to run into the following year. Despite the second half of the 2022 showing signs of revenue growth being impacted by recessionary headwinds as a result of the war in Ukraine and high inflation, business development activity is high and any downturn in revenue from its core customer base is expected to be offset by new customer acquisition. The recruitment technology and marketing industry is poised for continued growth and the recruitment market in general remains ripe for digital disruption to help organisations reduce HR administration costs, to attract talent and improve the employer brand. We believe Webrecruit is well positioned to continue to benefit from this evolving landscape and capitalise on significant market opportunities given our expertise, agility, strength of product/service and talented team.
Principal risks and uncertainties
The principal activities of the Company, which are to generate revenue through digital recruitment technology and marketing solutions, are primarily at risk of a downturn in hiring activity due to macroeconomic factors, such as a recession, where organisations often respond by tightening their budgets and reducing expenditure, with recruitment activity being susceptible to this impact. A secondary risk for the Company is high customer concentration. The Company is confident in navigating a path through any future crisis such as recession by a) continuing to invest in product development to derive revenues in areas that are less prone to peak and trough, b) to focus on sectors where there hiring activity is more consistent with contracted, recurring revenue streams, c) to divert resources to broaden its customer base, and d) by investing in experienced personnel who are capable of helping with the continued evolution of the business and managing our growth and development.
Approved and authorised by the
......................................... |
Webrecruit Holdings Limited
Director's Report for the Period from 31 December 2021 to 31 December 2022
The director presents his report and the for the period from 31 December 2021 to 31 December 2022.
Director of the group
The directors who held office during the period were as follows:
Approved and authorised by the
......................................... |
Webrecruit Holdings Limited
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:
• |
select suitable accounting policies and apply them consistently; |
• |
make judgements and accounting estimates that are reasonable and prudent; |
• |
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Webrecruit Holdings Limited
for the Period Ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Webrecruit Holdings Limited for the period ended 31 December 2022 as set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Webrecruit Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 1 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of Webrecruit Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Webrecruit Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Webrecruit Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Webrecruit Holdings Limited 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 Webrecruit Holdings Limited. You consider that Webrecruit Holdings Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Webrecruit Holdings Limited. 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.
......................................
Chartered Certified Accountants
Bournemouth
BH10 5NU
Webrecruit Holdings Limited
Consolidated Profit and Loss Account for the Period from 31 December 2021 to 31 December 2022
Note |
2022 |
2021 |
|
Turnover |
|
|
|
Cost of sales |
( |
( |
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
Other operating income |
|
|
|
Operating profit |
|
|
|
Income from shares in group undertakings |
- |
|
|
Other interest receivable and similar income |
|
|
|
Interest payable and similar expenses |
( |
( |
|
(39,451) |
4,112 |
||
Profit before tax |
|
|
|
Tax on profit |
( |
|
|
Profit for the financial period |
|
|
|
Profit/(loss) attributable to: |
|||
Owners of the company |
|
|
The group has no recognised gains or losses for the period other than the results above.
Webrecruit Holdings Limited
Consolidated Statement of Comprehensive Income for the Period from 31 December 2021 to 31 December 2022
2022 |
2021 |
|
Profit for the period |
|
|
Total comprehensive income for the period |
|
|
Total comprehensive income attributable to: |
||
Owners of the company |
|
|
Webrecruit Holdings Limited
(Registration number: 08365156)
Consolidated Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Tangible assets |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1,002,616 |
1,002,616 |
|
Retained earnings |
(65,560) |
(66,991) |
|
Equity attributable to owners of the company |
937,056 |
935,625 |
|
Shareholders' funds |
937,056 |
935,625 |
Approved and authorised by the
......................................... |
Webrecruit Holdings Limited
(Registration number: 08365156)
Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
|
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1,002,616 |
1,002,616 |
|
Retained earnings |
(62,217) |
(38,145) |
|
Shareholders' funds |
940,399 |
964,471 |
The company made a loss after tax for the financial period of £24,072 (2021 - loss of £38,145).
For the financial period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
......................................... |
Webrecruit Holdings Limited
Consolidated Statement of Changes in Equity for the Period from 31 December 2021 to 31 December 2022
Equity attributable to the parent company
Share capital |
Retained earnings |
Total |
Total equity |
|
At 31 December 2021 |
|
( |
|
|
Profit for the period |
- |
|
|
|
At 31 December 2022 |
|
( |
|
|
Share capital |
Retained earnings |
Total |
Total equity |
|
At 31 December 2020 |
|
( |
( |
( |
Profit for the period |
- |
|
|
|
New share capital subscribed |
|
- |
|
|
At 30 December 2021 |
|
( |
|
|
Webrecruit Holdings Limited
Statement of Changes in Equity for the Period from 31 December 2021 to 31 December 2022
Share capital |
Retained earnings |
Total |
|
At 31 December 2021 |
|
( |
|
Loss for the period |
- |
( |
( |
At 31 December 2022 |
|
( |
|
Share capital |
Retained earnings |
Total |
|
At 31 December 2020 |
|
- |
|
Loss for the period |
- |
( |
( |
New share capital subscribed |
|
- |
|
At 30 December 2021 |
|
( |
|
Webrecruit Holdings Limited
Consolidated Statement of Cash Flows for the Period from 31 December 2021 to 31 December 2022
Note |
2022 |
2021 |
|
Cash flows from operating activities |
|||
Profit for the period |
|
|
|
Adjustments to cash flows from non-cash items |
|||
Depreciation and amortisation |
|
|
|
Finance income |
( |
( |
|
Finance costs |
|
|
|
Income tax expense |
|
( |
|
|
|
||
Working capital adjustments |
|||
Increase in trade debtors |
( |
( |
|
Increase/(decrease) in trade creditors |
|
( |
|
Cash generated from operations |
|
( |
|
Income taxes received |
|
|
|
Net cash flow from operating activities |
|
( |
|
Cash flows from investing activities |
|||
Interest received |
|
|
|
Acquisitions of tangible assets |
( |
( |
|
Acquisition of intangible assets |
( |
( |
|
Proceeds from sale of intangible assets |
- |
|
|
Net cash flows from investing activities |
( |
( |
|
Cash flows from financing activities |
|||
Interest paid |
( |
( |
|
Proceeds from issue of ordinary shares, net of issue costs |
- |
|
|
Proceeds from bank borrowing draw downs |
( |
( |
|
Repayment of other borrowing |
|
- |
|
Net cash flows from financing activities |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
Cash and cash equivalents at 31 December |
|
|
|
Cash and cash equivalents at 31 December |
26,448 |
228,969 |
Webrecruit Holdings Limited
Statement of Cash Flows for the Period from 31 December 2021 to 31 December 2022
Note |
2022 |
2021 |
|
Cash flows from operating activities |
|||
Loss for the period |
( |
( |
|
Adjustments to cash flows from non-cash items |
|||
Depreciation and amortisation |
|
|
|
Finance costs |
|
- |
|
|
( |
||
Working capital adjustments |
|||
Increase in trade debtors |
( |
( |
|
Increase/(decrease) in trade creditors |
|
( |
|
Net cash flow from operating activities |
|
( |
|
Cash flows from investing activities |
|||
Proceeds from sale of intangible assets |
- |
|
|
Cash flows from financing activities |
|||
Interest paid |
( |
- |
|
Proceeds from issue of ordinary shares, net of issue costs |
- |
|
|
Net cash flows from financing activities |
( |
|
|
Net increase/(decrease) in cash and cash equivalents |
- |
- |
|
Cash and cash equivalents at 31 December |
- |
- |
|
Cash and cash equivalents at 31 December |
- |
- |
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 December 2022.
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Leasehold |
20% straight line |
Fixtures & Fittings |
20% straight line |
Computer Equipment |
33% straight line |
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% straight line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Turnover |
The analysis of the group's turnover for the period from continuing operations is as follows:
2022 |
2021 |
|
Sale of goods |
|
|
Other operating income |
The analysis of the group's other operating income for the period is as follows:
2022 |
2021 |
|
Government grants |
|
|
Operating profit |
Arrived at after charging/(crediting)
2022 |
2021 |
|
Depreciation expense |
|
|
Amortisation expense |
|
|
Other interest receivable and similar income |
2022 |
2021 |
|
Interest income on bank deposits |
|
|
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Interest payable and similar expenses |
2022 |
2021 |
|
Interest on bank overdrafts and borrowings |
|
|
Interest expense on other finance liabilities |
|
|
Foreign exchange gains |
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
2022 |
2021 |
|
Wages and salaries |
|
|
Social security costs |
|
|
Pension costs, defined contribution scheme |
|
|
Other employee expense |
|
|
|
|
The average number of persons employed by the group (including the director) during the period, analysed by category was as follows:
2022 |
2021 |
|
Production |
|
|
Administration and support |
|
|
Sales |
|
|
Marketing |
|
|
Other departments |
|
|
|
|
Director's remuneration |
The director's remuneration for the period was as follows:
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
2022 |
2021 |
|
Remuneration |
|
|
Contributions paid to money purchase schemes |
|
- |
109,209 |
121,683 |
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
2022 |
2021 |
|
Current taxation |
||
UK corporation tax |
- |
( |
UK corporation tax adjustment to prior periods |
|
- |
7,401 |
(24,262) |
|
Deferred taxation |
||
Arising from origination and reversal of timing differences |
|
|
Tax expense/(receipt) in the income statement |
|
( |
Intangible assets |
Group
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Goodwill |
Trademarks, patents and licenses |
Internally generated software development costs |
Total |
|
Cost or valuation |
||||
At 31 December 2021 |
|
|
|
|
Additions internally developed |
- |
- |
|
|
At 31 December 2022 |
|
|
|
|
Amortisation |
||||
At 31 December 2021 |
|
|
|
|
Amortisation charge |
|
|
|
|
At 31 December 2022 |
|
|
|
|
Carrying amount |
||||
At 31 December 2022 |
|
|
|
|
At 30 December 2021 |
|
|
|
|
Company
Goodwill |
Total |
|
Cost or valuation |
||
At 31 December 2021 |
|
|
At 31 December 2022 |
|
|
Amortisation |
||
At 31 December 2021 |
|
|
Amortisation charge |
|
|
At 31 December 2022 |
|
|
Carrying amount |
||
At 31 December 2022 |
|
|
At 30 December 2021 |
|
|
Tangible assets |
Group
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Long leasehold land and buildings |
Plant and machinery |
Office equipment |
Total |
|
Cost or valuation |
||||
At 31 December 2021 |
|
|
|
|
Additions |
- |
|
- |
|
At 31 December 2022 |
|
|
|
|
Depreciation |
||||
At 31 December 2021 |
|
|
|
|
Charge for the period |
|
|
|
|
At 31 December 2022 |
|
|
|
|
Carrying amount |
||||
At 31 December 2022 |
|
|
|
|
At 30 December 2021 |
|
|
|
|
Included within the net book value of land and buildings above is £18,695 (2021 - £21,440) in respect of long leasehold land and buildings.
Debtors |
Group |
Company |
||||
Current |
Note |
2022 |
2021 |
2022 |
2021 |
Trade debtors |
|
|
- |
- |
|
Amounts owed by related parties |
- |
- |
|
|
|
Other debtors |
|
|
- |
- |
|
Prepayments |
|
|
- |
- |
|
Income tax asset |
- |
|
- |
- |
|
|
|
|
|
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Cash and cash equivalents |
Group |
Company |
|||
2022 |
2021 |
2022 |
2021 |
|
Cash at bank |
|
|
- |
- |
Creditors |
Group |
Company |
||||
Note |
2022 |
2021 |
2022 |
2021 |
|
Due within one year |
|||||
Loans and borrowings |
|
|
- |
- |
|
Trade creditors |
|
|
- |
- |
|
Amounts due to related parties |
|
- |
- |
- |
|
Social security and other taxes |
|
|
- |
- |
|
Other payables |
|
|
|
( |
|
Accruals |
|
|
- |
- |
|
|
|
|
( |
||
Due after one year |
|||||
Loans and borrowings |
|
|
- |
- |
Webrecruit Holdings Limited
Notes to the Financial Statements for the Period from 31 December 2021 to 31 December 2022
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the group to the scheme and amounted to £
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
|
|
152 |
|
152 |
|
|
552,411 |
|
552,411 |
|
|
450,053 |
|
450,053 |
|
|
|
|
Loans and borrowings |
Group |
Company |
|||
2022 |
2021 |
2022 |
2021 |
|
Non-current loans and borrowings |
||||
Bank borrowings |
|
|
- |
- |
Group |
Company |
|||
2022 |
2021 |
2022 |
2021 |
|
Current loans and borrowings |
||||
Bank borrowings |
|
|
- |
- |
Other borrowings |
|
- |
- |
- |
|
|
- |
- |