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REGISTERED NUMBER: 12653006 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Evera Recruitment Ltd

Evera Recruitment Ltd (Registered number: 12653006)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evera Recruitment Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Doyle
D G Roberts





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1GT





REGISTERED NUMBER: 12653006 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Evera Recruitment Ltd (Registered number: 12653006)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 125 142
Tangible assets 5 673,587 632,833
673,712 632,975

CURRENT ASSETS
Debtors 6 309,310 311,196
Cash at bank 441,490 206,152
750,800 517,348
CREDITORS
Amounts falling due within one year 7 256,232 284,922
NET CURRENT ASSETS 494,568 232,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,168,280

865,401

CREDITORS
Amounts falling due after more than one
year

8

(82,853

)

(98,350

)

PROVISIONS FOR LIABILITIES (128,679 ) (132,400 )
NET ASSETS 956,748 634,651

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 956,648 634,551
956,748 634,651

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

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

Evera Recruitment Ltd (Registered number: 12653006)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:




D G Roberts - Director



S J Doyle - Director


Evera Recruitment Ltd (Registered number: 12653006)

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

1. STATUTORY INFORMATION

Evera 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.

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


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 at the point in time and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales-related taxes.

Turnover arising from the placement of permanent candidates, including turnover arising from recruitment process outsourcing (RPO) services, is recognised at the point in time the candidate commences full-time emploument. Where a permanent candidate starts employment but does not work for the specified contractual period, a provision is made in respect of the required refund or credit note due to the client. The revenue recofnised from a permanent placement is typically based on a percentage of the candidates remuneration package.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Office Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Evera Recruitment Ltd (Registered number: 12653006)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 170
AMORTISATION
At 1 January 2023 28
Amortisation for year 17
At 31 December 2023 45
NET BOOK VALUE
At 31 December 2023 125
At 31 December 2022 142

Evera Recruitment Ltd (Registered number: 12653006)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 462,061 - -
Additions - 74,219 612
At 31 December 2023 462,061 74,219 612
DEPRECIATION
At 1 January 2023 - - -
Charge for year - - 57
At 31 December 2023 - - 57
NET BOOK VALUE
At 31 December 2023 462,061 74,219 555
At 31 December 2022 462,061 - -

Office Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 37,553 126,161 21,152 646,927
Additions 4,460 1,328 3,373 83,992
At 31 December 2023 42,013 127,489 24,525 730,919
DEPRECIATION
At 1 January 2023 3,590 2,694 7,810 14,094
Charge for year 5,326 30,908 6,947 43,238
At 31 December 2023 8,916 33,602 14,757 57,332
NET BOOK VALUE
At 31 December 2023 33,097 93,887 9,768 673,587
At 31 December 2022 33,963 123,467 13,342 632,833

Evera Recruitment Ltd (Registered number: 12653006)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 125,895
DEPRECIATION
At 1 January 2023 2,623
Charge for year 30,818
At 31 December 2023 33,441
NET BOOK VALUE
At 31 December 2023 92,454
At 31 December 2022 123,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 296,849 302,571
Directors' current accounts 53 2,935
Prepayments 12,408 5,690
309,310 311,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 15,497 13,868
Trade creditors 7,447 11,823
Tax 151,339 159,015
Social security and other taxes - 31,500
Pensions Control Account 6,198 8,861
VAT 59,122 54,905
Other creditors 11,169 1,711
Accrued expenses 5,460 3,239
256,232 284,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 82,853 98,350

Evera Recruitment Ltd (Registered number: 12653006)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
S J Doyle
Balance outstanding at start of year 2,935 (3,113 )
Amounts advanced 380 6,360
Amounts repaid (3,262 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53 2,935

Within other debtors is an amount due from the director S Doyle to the company .This amount is interest free and is repaid in full following the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is S J Doyle.

11. SHARE-BASED PAYMENT TRANSACTIONS

On 1st September 2022, an equity settled share option scheme was introduced for specific employees of the company. In accordance with the scheme rules, options are exercisable at the market value of the shares as
determined at the date of grant. If the options remain unexercised after a period of ten years from the date of grant the options expire. There were no changes to the terms of the plan during the year.

Details of the share options outstanding during the year are as follows:

20232022



Number Of
Share Options
Weighted
Average
Exercise Price

Number Of
Share Options
Weighted
Average
Exercise Price
Granted during the period005263£0.88
Outstanding at the end of the period5263£0.885263£0.88
Exercisable at the end of the period5263£0.885263£0.88


The options outstanding at 31 December 2023 had a weighted average exercise price of £0.88 and a weighted average remaining contractual life of 8 years. In 2022, option's were granted on 1 September 2022. The aggregate of the estimated fair value of the options granted on this date was £0.88.