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REGISTERED NUMBER: 07013127 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Octane Recruitment Ltd

Octane Recruitment Ltd (Registered number: 07013127)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Octane Recruitment Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr R Baynes





REGISTERED OFFICE: G3 Ram Mills
Gordon Street
Chadderton
Oldham
OL9 9RH





REGISTERED NUMBER: 07013127 (England and Wales)





ACCOUNTANTS: Actua Business Services Ltd
1 Ash Cottages
Bury
Lancashire
BL8 1EZ

Octane Recruitment Ltd (Registered number: 07013127)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,065 2,216

CURRENT ASSETS
Debtors 5 378,318 305,117
Cash at bank and in hand 150,894 206,410
529,212 511,527
CREDITORS
Amounts falling due within one year 6 212,627 197,558
NET CURRENT ASSETS 316,585 313,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,650

316,185

CREDITORS
Amounts falling due after more than one
year

7

32,488

78,802
NET ASSETS 336,162 237,383

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 336,062 237,283
336,162 237,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Octane Recruitment Ltd (Registered number: 07013127)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





Mr R Baynes - Director


Octane Recruitment Ltd (Registered number: 07013127)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Octane 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 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.
Improvements to property - 10% straight line
Fixtures and fittings - 33% on reducing balance
Office equipment - 33% 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 material.

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.

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 17 (2022 - 17 ) .

Octane Recruitment Ltd (Registered number: 07013127)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 - 1,353 1,971 3,324
Additions 25,000 37,873 4,039 66,912
At 31 August 2023 25,000 39,226 6,010 70,236
DEPRECIATION
At 1 September 2022 - 451 657 1,108
Charge for year 2,500 12,796 1,767 17,063
At 31 August 2023 2,500 13,247 2,424 18,171
NET BOOK VALUE
At 31 August 2023 22,500 25,979 3,586 52,065
At 31 August 2022 - 902 1,314 2,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 187,906 130,117
Other debtors 190,412 175,000
378,318 305,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 34,259 35,252
Trade creditors 24,162 29,351
Taxation and social security 149,392 127,803
Other creditors 4,814 5,152
212,627 197,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 32,488 78,802

8. ULTIMATE CONTROLLING PARTY

Octane Recruitment (Holdings) Limited own 100% of the shares in Octane Recruitment Limited.
Octane Recruitment Limited loaned the holding company £175,000.
Mr R Baynes is the sole director and majority shareholder of Octane Recruitment (Holdings) Limited.