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REGISTERED NUMBER: 08813416 (England and Wales)













ADORE RECRUITMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ADORE RECRUITMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs S Clark





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 08813416 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,874 13,935
Tangible assets 5 22,552 29,025
24,426 42,960

CURRENT ASSETS
Debtors 6 943,724 844,803
Cash at bank and in hand 31,574 229,013
975,298 1,073,816
CREDITORS
Amounts falling due within one year 7 655,175 766,660
NET CURRENT ASSETS 320,123 307,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,549

350,116

CREDITORS
Amounts falling due after more than one
year

8

(37,672

)

(42,805

)

PROVISIONS FOR LIABILITIES (3,782 ) (6,681 )
NET ASSETS 303,095 300,630

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 302,895 300,430
SHAREHOLDERS' FUNDS 303,095 300,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





Mrs S Clark - Director


ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Adore Recruitment 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 represents net invoiced sales of services, excluding value added tax (having regard to the fulfilment of contractual obligations).

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 149 (2022 - 185 ) .

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 37,443
AMORTISATION
At 1 April 2022 23,508
Charge for year 12,061
At 31 March 2023 35,569
NET BOOK VALUE
At 31 March 2023 1,874
At 31 March 2022 13,935

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 25,868 2,995 22,536 51,399
Additions 1,161 - 2,474 3,635
Disposals - - (3,664 ) (3,664 )
At 31 March 2023 27,029 2,995 21,346 51,370
DEPRECIATION
At 1 April 2022 13,317 248 8,809 22,374
Charge for year 3,356 687 4,434 8,477
Eliminated on disposal - - (2,033 ) (2,033 )
At 31 March 2023 16,673 935 11,210 28,818
NET BOOK VALUE
At 31 March 2023 10,356 2,060 10,136 22,552
At 31 March 2022 12,551 2,747 13,727 29,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 598,043 742,204
Amounts owed by group undertakings 321,335 -
Other debtors 24,346 102,599
943,724 844,803

ADORE RECRUITMENT LTD (REGISTERED NUMBER: 08813416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 362,851 273,988
Trade creditors 6,667 9,569
Amounts owed to group undertakings - 24,741
Taxation and social security 221,596 332,074
Other creditors 64,061 126,288
655,175 766,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 37,672 42,805

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,368 20,341

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 April 2022 300,430
Profit for the year 71,465
Dividends (69,000 )
At 31 March 2023 302,895

11. RELATED PARTY DISCLOSURES

The company paid dividends of £69,000 (2022 - £84,000). The company is owed £321,335 (2022 - £24,741 creditor) by its parent.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Surrogate Holdings Limited.

The ultimate controlling party is Mrs S Clark.