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REGISTERED NUMBER: 05353003 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ISR RECRUITMENT LIMITED

ISR RECRUITMENT LIMITED (REGISTERED NUMBER: 05353003)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ISR RECRUITMENT LIMITED (REGISTERED NUMBER: 05353003)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,741 4,977

CURRENT ASSETS
Debtors 5 1,430,637 1,068,517
Cash at bank 632,364 319,304
2,063,001 1,387,821
CREDITORS
Amounts falling due within one year 6 1,572,647 995,461
NET CURRENT ASSETS 490,354 392,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,095

397,337

PROVISIONS FOR LIABILITIES 1,185 946
NET ASSETS 493,910 396,391

CAPITAL AND RESERVES
Called up share capital 655 655
Capital redemption reserve 345 345
Retained earnings 492,910 395,391
SHAREHOLDERS' FUNDS 493,910 396,391

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ISR RECRUITMENT LIMITED (REGISTERED NUMBER: 05353003)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





I A Brassell - Director


ISR RECRUITMENT LIMITED (REGISTERED NUMBER: 05353003)

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


1. STATUTORY INFORMATION

ISR Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05353003

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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 goods, excluding value added tax, and is recognised when the services are provided.

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 - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ISR RECRUITMENT LIMITED (REGISTERED NUMBER: 05353003)

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


2. ACCOUNTING POLICIES - continued

Invoice discounting
The company has an invoice discounting agreement that enables it to receive advances against it's sales invoices. The company discloses both the debtors and creditors relating to this agreement separately within it's balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 185 10,282 10,467
Additions - 2,393 2,393
At 31 May 2023 185 12,675 12,860
DEPRECIATION
At 1 June 2022 185 5,305 5,490
Charge for year - 2,629 2,629
At 31 May 2023 185 7,934 8,119
NET BOOK VALUE
At 31 May 2023 - 4,741 4,741
At 31 May 2022 - 4,977 4,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,031,850 469,358
Other debtors 398,787 599,159
1,430,637 1,068,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 806,176 280,319
Trade creditors 386,510 170,561
Taxation and social security 232,496 188,097
Other creditors 147,465 356,484
1,572,647 995,461

ISR RECRUITMENT LIMITED (REGISTERED NUMBER: 05353003)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 11,192 4,234
Between one and five years 21,452 -
32,644 4,234

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice finance facility 806,175 280,319

9. RELATED PARTY DISCLOSURES

At the year end the company was owed £300,015 (2022: £100,013) from a connected company. The loan is interest-free and repayable on demand.