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REGISTERED NUMBER: 11062595 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Oxygen Digital Recruitment Limited

Oxygen Digital Recruitment Limited (Registered number: 11062595)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oxygen Digital Recruitment Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R Jackson





REGISTERED OFFICE: First Floor Marlborough House
Victoria Road South
Chelmsford
Essex
CM1 1LN





REGISTERED NUMBER: 11062595 (England and Wales)





ACCOUNTANTS: HCL Accountancy Limited
26 Dorset Gardens
Rochford
Essex
SS4 3AH

Oxygen Digital Recruitment Limited (Registered number: 11062595)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,890 58,945

CURRENT ASSETS
Debtors 5 104,329 289,434
Cash at bank 73,791 410,323
178,120 699,757
CREDITORS
Amounts falling due within one year 6 65,781 200,420
NET CURRENT ASSETS 112,339 499,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,229

558,282

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (22,473 ) (14,736 )
NET ASSETS 164,756 518,546

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 164,656 518,446
SHAREHOLDERS' FUNDS 164,756 518,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Oxygen Digital Recruitment Limited (Registered number: 11062595)

Balance Sheet - continued
30 November 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 11 April 2024 and were signed by:





R Jackson - Director


Oxygen Digital Recruitment Limited (Registered number: 11062595)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Oxygen Digital Recruitment Limited 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, which excludes value added tax, comprises the value of services undertaken by the company under its principal activity, which is the provision of recruitment consultancy services. This broadly consists of:

-turnover from contractor placements, representing fees billed for the services of contractors including their costs, which is recognised when the service has been provided.

-turnover from permanent placements, representing fees billed as a percentage of the candidate's remuneration package, which is recognised on signature of contract and/or on the start date of the candidate.

Turnover not invoiced at the balance sheet date is included within accrued income.

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 - in accordance with the property
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Oxygen Digital Recruitment Limited (Registered number: 11062595)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 December 2022 47,380 942 20,809 69,131
Additions 16,210 38,372 1,131 55,713
At 30 November 2023 63,590 39,314 21,940 124,844
DEPRECIATION
At 1 December 2022 790 20 9,376 10,186
Charge for year 12,081 7,484 5,203 24,768
At 30 November 2023 12,871 7,504 14,579 34,954
NET BOOK VALUE
At 30 November 2023 50,719 31,810 7,361 89,890
At 30 November 2022 46,590 922 11,433 58,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 36,564 126,040
Other debtors 67,765 163,394
104,329 289,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,714 10,233
Taxation and social security 43,395 115,170
Other creditors 8,672 65,017
65,781 200,420

Oxygen Digital Recruitment Limited (Registered number: 11062595)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,000 25,000

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
R Jackson
Balance outstanding at start of year 65,844 47,800
Amounts advanced - 70,831
Amounts repaid (67,200 ) (52,787 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,356 ) 65,844

At the balance sheet date the amount owed by the directors is included in creditors due within one year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Jackson.