Company registration number 05842266 (England and Wales)
ADAM RECRUITMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
ADAM RECRUITMENT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
ADAM RECRUITMENT LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
35,788
61,235
Current assets
Debtors
3
599,675
431,738
Cash at bank and in hand
159,860
527,602
759,535
959,340
Creditors: amounts falling due within one year
4
(263,887)
(382,593)
Net current assets
495,648
576,747
Total assets less current liabilities
531,436
637,982
Creditors: amounts falling due after more than one year
5
(112,800)
(167,004)
Provisions for liabilities
(6,799)
(11,635)
Net assets
411,837
459,343
Capital and reserves
Called up share capital
7
2,138
2,138
Profit and loss reserves
409,699
457,205
Total equity
411,837
459,343
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ADAM RECRUITMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
2023
2022
Notes
£
£
£
£
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 April 2024 and are signed on its behalf by:
Mr R Gahagan
Mr L Milns
Mrs V Gahagan
Director
Director
Director
Company Registration No. 05842266
ADAM RECRUITMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 3 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
15
13
2
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 July 2022
18,292
342,385
360,677
Additions
3,263
3,263
At 30 June 2023
18,292
345,648
363,940
Depreciation and impairment
At 1 July 2022
10,145
289,297
299,442
Depreciation charged in the year
1,829
26,881
28,710
At 30 June 2023
11,974
316,178
328,152
Carrying amount
At 30 June 2023
6,318
29,470
35,788
At 30 June 2022
8,147
53,088
61,235
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
260,116
185,058
Amounts due from related parties
294,848
235,347
Other debtors
44,711
11,333
599,675
431,738
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
92,070
66,874
Taxation and social security
136,502
234,054
Other creditors
35,315
81,665
263,887
382,593
ADAM RECRUITMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 4 -
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
112,800
150,400
Other creditors
16,604
112,800
167,004
6
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
6,799
11,635
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
RG Ordinary shares of 1p each
84,364
84,364
844
844
VG Ordinary shares of 1p each
41,751
41,751
417
417
LM Ordinary shares of 1p each
60,502
60,502
605
605
CM Ordinary shares of 1p each
22,862
22,862
229
229
PB Ordinary shares of 1p each
4,276
4,276
43
43
213,755
213,755
2,138
2,138
8
Employee Ownership Trust
On 20 February 2023 Adam Recruitment Limited was acquired by Weareadam EOT Limited on behalf of the Adam Recruitment Ownership Trust. The total consideration consisted of initial payments made by this company and included in these financial statements, and an element of deferred consideration which will be paid in monthly instalments by Adam Recruitment Limited. The obligation to make future payments of the deferred consideration lies with the trust and so the liability for future payments has not been recognised in these accounts.