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REGISTERED NUMBER: 07280283 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Build Recruitment Limited

Build Recruitment Limited (Registered number: 07280283)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Build Recruitment Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D Ewart
C Cloherty
C Ewart





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 07280283 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Build Recruitment Limited (Registered number: 07280283)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,972 45,316

CURRENT ASSETS
Debtors 5 1,989,696 1,964,573
Cash at bank 13,889 179,506
2,003,585 2,144,079
CREDITORS
Amounts falling due within one year 6 1,649,022 1,620,842
NET CURRENT ASSETS 354,563 523,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,535

568,553

CREDITORS
Amounts falling due after more than one
year

7

(183,333

)

(283,333

)

PROVISIONS FOR LIABILITIES 9 (6,493 ) (8,227 )
NET ASSETS 190,709 276,993

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 189,709 275,993
SHAREHOLDERS' FUNDS 190,709 276,993

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

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

Build Recruitment Limited (Registered number: 07280283)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:




D Ewart - Director C Cloherty - Director




C Ewart - Director


Build Recruitment Limited (Registered number: 07280283)

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

1. STATUTORY INFORMATION

Build 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 33% 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.

Build Recruitment Limited (Registered number: 07280283)

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

2. ACCOUNTING POLICIES - continued

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 46 (2022 - 86 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 49,105 42,440 91,545
Additions 1,059 840 1,899
Disposals (6,117 ) (29,575 ) (35,692 )
At 30 June 2023 44,047 13,705 57,752
DEPRECIATION
At 1 July 2022 15,673 30,556 46,229
Charge for year 14,622 4,335 18,957
Eliminated on disposal (5,987 ) (27,419 ) (33,406 )
At 30 June 2023 24,308 7,472 31,780
NET BOOK VALUE
At 30 June 2023 19,739 6,233 25,972
At 30 June 2022 33,432 11,884 45,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,215,008 1,365,314
Amounts owed by group undertakings 233,896 297,268
Amounts owed by associates 40,448 -
Other debtors 500,344 301,991
1,989,696 1,964,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 100,000 121,779
Trade creditors 103,394 143,522
Taxation and social security 307,469 479,939
Other creditors 1,138,159 875,602
1,649,022 1,620,842

Build Recruitment Limited (Registered number: 07280283)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 183,333 283,333

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Factoring account 871,346 592,854

All assets Debenture in favour of RBS Invoice Finance Limited, by way of fixed charge all fixed assets, all specific book debts, the factors account and all other debts. By way of floating charge the floating assets.

Fixed and floating charge over all property or undertaking of the company in favour of RBS Invoice Finance Limited.

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 6,493 8,227

Deferred
tax
£   
Balance at 1 July 2022 8,227
Accelerated capital allowances (1,734 )
Balance at 30 June 2023 6,493

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100,000 Ordinary £0.01 1p 1,000 1,000

Build Recruitment Limited

Report of the Accountants to the Directors of
Build Recruitment Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................