15 01/11/2022 31/10/2023 2023-10-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-11-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09837631 2022-11-01 2023-10-31 09837631 2023-10-31 09837631 2022-10-31 09837631 2021-11-01 2022-10-31 09837631 2022-10-31 09837631 2021-10-31 09837631 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 09837631 bus:RegisteredOffice 2022-11-01 2023-10-31 09837631 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 09837631 bus:Director1 2022-11-01 2023-10-31 09837631 bus:Director2 2022-11-01 2023-10-31 09837631 core:FurnitureFittingsToolsEquipment 2022-10-31 09837631 core:FurnitureFittingsToolsEquipment 2023-10-31 09837631 core:WithinOneYear 2023-10-31 09837631 core:WithinOneYear 2022-10-31 09837631 core:ShareCapital 2023-10-31 09837631 core:ShareCapital 2022-10-31 09837631 core:RetainedEarningsAccumulatedLosses 2023-10-31 09837631 core:RetainedEarningsAccumulatedLosses 2022-10-31 09837631 core:FurnitureFittingsToolsEquipment 2022-10-31 09837631 bus:SmallEntities 2022-11-01 2023-10-31 09837631 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09837631 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09837631 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09837631 bus:FullAccounts 2022-11-01 2023-10-31
Company registration number: 09837631
Capital Recruitment Group Limited
Unaudited filleted financial statements
31 October 2023
Capital Recruitment Group Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Capital Recruitment Group Limited
Directors and other information
Directors Barry McCormick
Richard Burford
Company number 09837631
Registered office 11c 3 Wilson Road
Huyton Business Park
Huyton
L36 6AN
Accountants Hailwood & Co
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Capital Recruitment Group Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Capital Recruitment Group Limited
Year ended 31 October 2023
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2023, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. 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 from information and explanations supplied to us.
Hailwood & Co
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
18 July 2024
Capital Recruitment Group Limited
Statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 4,774 5,967
_______ _______
4,774 5,967
Current assets
Debtors 6 667,087 537,079
Cash at bank and in hand 326,760 453,127
_______ _______
993,847 990,206
Creditors: amounts falling due
within one year 7 ( 418,157) ( 472,645)
_______ _______
Net current assets 575,690 517,561
_______ _______
Total assets less current liabilities 580,464 523,528
_______ _______
Net assets 580,464 523,528
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 580,364 523,428
_______ _______
Shareholders funds 580,464 523,528
_______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 July 2024 , and are signed on behalf of the board by:
Barry McCormick
Director
Company registration number: 09837631
Capital Recruitment Group Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 11c 3 Wilson Road, Huyton Business Park, Huyton, L36 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2022: 14 ).
5. Tangible assets
Office equipment Total
£ £
Cost
At 1 November 2022 and 31 October 2023 16,344 16,344
_______ _______
Depreciation
At 1 November 2022 10,377 10,377
Charge for the year 1,193 1,193
_______ _______
At 31 October 2023 11,570 11,570
_______ _______
Carrying amount
At 31 October 2023 4,774 4,774
_______ _______
At 31 October 2022 5,967 5,967
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 665,761 537,079
Other debtors 1,326 -
_______ _______
667,087 537,079
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 119,468 647
Corporation tax 73,564 60,928
Social security and other taxes 57,948 73,494
Other creditors 167,177 337,576
_______ _______
418,157 472,645
_______ _______
8. Controlling party
The company is controlled by the directors whose names are shown on the director's report.
9. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.